Are you struggling with unmanageable debt?
- Out of money before the end of the month, every month?
- Loading up credit cards just to make ends meet?
- Tired of dealing with the constant collection calls?
We can help you get past all this and become debt free!
Our Counselor Explains The Benefits of a Debt Management Plan
She explains the process, how we work with you and your creditors to manage the repayment of your debt and build a budget that works for you. From our debt management plans, you’ll get:
- One monthly payment
- Lower interest rates
- No more debt collector calls to your home
- Improved credit score over time
Why Choose Our Debt Management Plan?
We will take all of your debts and combine them into one affordable monthly payment. After evaluation of your personal ﬁnancial situation, we provide you with practical budget counseling services and work with you and your creditors to build a budget you can live with. Our debt management plans do not include a debt consolidation loan and unlike debt settlement services, we do not require an up-front fee.
Non profit organization, helping thousands restore their financial health
No large upfront fees, like debt settlement companies ask for, to help you.
You meet with certified counselors in-person or by phone
You now only make one (1) payment to CCCS and we pay all your creditors
Our #1 source of referrals.
Thank you so very, very much! I can't tell you how wonderful all of you have been to work with. Your customer service is amazing and the service you provide has turned our lives around- so thank you! I can't wait until we are paid in full!
Ken and Mary M.
Thank you SO much for helping in getting our debt bills paid!! What a great feeling! We most definitely would recommend your organization to anyone that was having money problems! Hope everyone at your office has a great and safe Christmas and that they are all paying with cash!
I just completed 4 years of paying off a $20,000 credit card debt and I cannot thank you enough. The renegotiated rates and payments got us through a difficult time after closing a 20-year business post 9-11. We stalled for two years before using CCCS of Rochester as I'm sure many people do. We didn't understand it and thought it would ruin our credit rating so we quietly suffered. Boy, were we wrong. We are so glad we came to CCCS. Thank you!
I had to take a major pay cut of about 30%. Credit card debt was a major expense that had to be addressed. I read articles on credit card debt and I think CCCS of Rochester was one of the recommendations. They were extremely professional, and the recommendations, solutions, and goals made sense. I wish I would have done it earlier. I would absolutely recommend them to someone in need.
"I felt like I was out of options. I had paid hundreds of dollars in credit card bills for years, always making all of my payments, but the balances weren't going anywhere. I had depended on these cards for so long, I felt powerless when all of a sudden I didn't have any. I counted on them all those years as a backup, so I was a nervous wreck. It seemed to be never-ending."
"My interest rates were high. Very high! I called the credit card companies but they would not lower them. I came to CCCS of Rochester and now some of my accounts have rates as low as 5.9%!"
When I came to CCCS of Rochester I was in complete shock. My husband and I were both laid-off on the same day! We were in over our heads, and creditors were constantly calling. The set-up process was so easy. I did the appointment over the phone and received the paperwork shortly after. I am so happy we found CCCS. The staff was really nice and very courteous. Any time we had questions about our account, they were addressed immediately; and if we could not receive an immediate answer we had a response within 24 hours. It feels so amazing to have our creditors off our back. Having our interest rates reduced and being able to have one convenient monthly payment, made this program so easy. I am so thankful that CCCS of Rochester dealt with our creditors. I don't know how we would have gotten out of debt without you!
"It's very nice to be able to know when the money will be coming out and how much is due each month. It's very convenient that we don't have to figure out where to send all our bills each month, and it is a lot less stressful trying to budget and remember everything. In addition since being on the debt management program, we were also able to get a car loan.
"The customer service has always been very pleasant and it's never been a hassle when we have called. We also have never dreaded calling. We've had to change our payment date several times and the service we received was great!"
"This program has taken a whole lot of stress off of us. We feel like we can see a light at the end of the tunnel, as opposed to feeling like we are in quicksand."
You make one monthly payment and CCCS pays the credit cards for you. They are able to lower your interest rates and that is what really helps pay down the debt. All I have to do is watch my statements to verify payments have posted, my interest rates stay low and I am done!!
I am very happy with the program and would recommend it to others!
Frequently Asked Questions
A settlement is when you arrange to pay less than the full balance of your debt that is due. When this occurs, the creditor will report that you settled on the debt and this will be reflected on your credit report for seven to ten years. Also, when you settle debt, there may be possible tax ramifications. With a Debt Management Program, the overall balance is not reduced (just the minimum payment due and interest rate), there are no tax implications and the creditors will not report that the debt was settled.
We assist our clients with reducing the interest rates to help make their payments more affordable and to pay off the debt in a more timely manner. However, we do not reduce the overall balance as this would be a considered a debt settlement.
When you are initially enrolled into the program, the creditors can close the accounts. This can cause a slight decline. However, as you make consistent on time Debt Management Plan payments, each creditor on the plan will update the credit report each month. This can cause a positive effect over the course of the program as you pay down the debt.
This is a great question! The debt management program is a structured plan designed to help pay off your debt in an efficient and timely manner. Many of our clients are struggling to make minimum monthly payments which can cause them to fall behind and to receive late fees which add to balances and can negate the payments you are making. Once your Debt Management Plan has been established, you begin making consistent on time payments to your creditors therefore helping to improve your credit score. Experian says: “The impact on your scores may be minimal, depending on how the payments are managed and if you have other positive accounts. The most important thing is that you must make sure that the company will immediately take over the payments so that you never miss a payment in the transition to their service. As long as all your payments are made on time, it won’t matter who paid them and there is no scoring issue from that aspect.” Typically, our clients notice improvement in their score within the first year they are on the program and by the time they make that last payment, they experience relief and pride in seeing what they’ve accomplished to help improve their credit and ultimately their future.
You should/will continue receiving monthly statements from your creditors. If you are not receiving statements from your creditors, you should contact them to ensure they have your most recent contact information. These statements provide you with valuable information regarding your account with them. Key information located on your statement that should be monitored monthly:
Additional activity such as credits or other balance adjustments
It’s important to monitor your monthly statements to ensure that you’re being charged the correct interest rate, your balance is decreasing with payment activity and that there is no unusual activity or additional fees being applied to your account. If you have any questions about your statement or notice incorrect information, please contact our Client Support Department for additional assistance. The statement will provide us with important information so please have it available at the time of your call. If necessary, we will contact your creditor to resolve the issue. CCCS of Rochester will also send you a statement on a monthly basis. Our statements provide estimated account balances, anticipated interest rates of each account as well as payment activity for your Debt Management Plan. In addition to reviewing your creditor statements for accuracy, we request that you compare our statement to that of your creditor and notify us of any discrepancies. Our staff members work in partnership with you to ensure your account information is accurate and that your Debt Management Plan is successful.
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