A Debt Management Success Story
Matthew & Kendall
Paid Off $20,000+ in Debt
Teaming with GreenPath, Matthew and Kendall saved an estimated $5,000 in interest by working with GreenPath to pay off more than $11,000 in credit card debt. In all they paid off more than $20,000 in combined credit card debt, past due medical debt and other collections debt. Read their story below.
Looking to get a handle on your debt?
After Years of Income
Challenges
After a few years of income challenges, and putting most purchases on credit cards, Matthew and Kendall ‘s debt levels were uncomfortably high.
The couple found their way to GreenPath Financial Wellness to better manage credit card debt.
The couple found their way to GreenPath Financial Wellness to better manage credit card debt.
Facing A Second Bankruptcy
They Looked to GreenPath for Guidance
Faced with the prospect of a second bankruptcy, Matthew and Kendall decided to take a different route to handle their credit card debt with a GreenPath Debt Management Plan.  They also looked to GreenPath for guidance to manage past due medical debt and other debt which the original lenders had passed to debt collections agencies.
Faced with the prospect of a second bankruptcy, Matthew and Kendall decided to take a different route to handle their credit card debt with a GreenPath Debt Management Plan.  They also looked to GreenPath for guidance to manage past due medical debt and other debt which the original lenders had passed to debt collections agencies.
Everyday Expenses
The couple was challenged to manage everyday expenses on top of debt payments on more than $11,000 in high interest credit card debt.
Past Due
Additional past due debt of $8,967 was in collections, impacting financial health and credit score.
Stressed
Both Matthew and Kendall experienced stress due to low credit score and poor credit history.
The Debt Management Plan
Savings
- The couple paid off $11,297 in credit card debt in 40 months with GreenPath’s Debt Management Plan.
- The debt management plan helped the couple save an estimated $5,000 in credit card interest1.
- With guidance from GreenPath, Matthew and Kendall also paid off another $8,967 in collections debt.
- In all, the couple paid off a total of $20,264 in debt, improving their financial health and wellness.
Successful Outcomes
- GreenPath’s Debt Management Plan and budgeting support helped reduce stress.
- The couple designed new habits to automate their bill repayment.
- Newly debt-free, they are making home improvements to accommodate their special needs son.
Who Benefits from a
Debt Management Plan?
Like Matthew and Kendall, many of our finances are marked with a growing level of uncertainty – especially as interest rates rise and other financial challenges loom on the horizon. In the face of unexpected changes in income, many households turn to consumer credit cards to take care of daily expenses.
If that’s the case, it could be helpful to learn more about a debt management plan.
If that’s the case, it could be helpful to learn more about a debt management plan.
Whether it’s debt counseling with GreenPath, or exploring a debt management plan, having options is always a good thing!
A debt management plan is designed for anyone with a desire to pay their debt back and become debt-free.
This includes people who have several consumer credit cards and each month make monthly minimum payments; people watching their hard-earned income go to high-interest rates; and anyone who might be experiencing collection calls.
In some cases, it can be helpful to explore signs that a debt management plan can be of use.
The beauty of a debt management plan is that it can be customized to fit most situations and can help with many types of debt and creditors.
As this story summarized above illustrates, managing debt is becoming even more important than ever.
This is where a trusted, national nonprofit like GreenPath comes in. To reduce stress, it’s helpful to get advice and an action plan to get you on track to pay off debt and build a healthy financial life.
Our trusted debt management services help you pay debt off faster, save money on fees and interest, and make progress toward financial fitness.
Take the Next Step
For more than 60 years, GreenPath has provided debt management plans; financial, housing and student loan counseling; and financial coaching.
In 2021, $237 million was paid toward debt on GreenPath’s Debt Management Plan.
GreenPath has an A+ rating with the Better Business Bureau.
Take Control of Your Financial Life
Submit the following form to receive a call from one of GreenPath’s caring financial counselors within 2 business days.
Current GreenPath Clients
Sign in to the client portal to chat, or call our client success team:
GreenPath may use the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.
GreenPath may use the contact information you provide to us to contact you about our products and services. You may unsubscribe from these communications at any time. For information on how to unsubscribe, as well as our privacy practices and commitment to protecting your privacy, please review our Privacy Policy.