Pilot Peregrin Experian Boost
Debt Management Program
The Debt Management Program is designed to pay off your debt in 3-5 years, while helping you develop sound financial literacy.
- One Single Payment
- Lower Interest Rates
- Pay Off Debt Faster
Personalized Support for Experian Boost Members
Struggling to make monthly payments? You are not alone. Take the first step in protecting your credit health by connecting with GreenPath. Our certified counselors offer free financial counseling and a personalized plan tailored to your budget. Start the conversation and see why so many people have said, “I wish I had called sooner.”
Douglas of Saint Ignace, MI via ConsumerAffairs.com
“I was impressed by the kindness and openness of the reps and the fact that they don’t judge me. They’re 100% there to help me. Working with GreenPath has definitely improved my credit score.”
Brenda of Charleston, SC via ConsumerAffairs.com
“The reps were very knowledgeable and knew what they were talking about, and the application process was easy…and the payment plan was great.”
Viviana of Los Angeles, CA via ConsumerAffairs.com
“The process at GreenPath was straightforward. I can give them a call and they can address them and we can work together. They were trustworthy and reliable.”
Tackling Debt is Crucial to Credit Health
Your credit score isn’t just a number; it’s a key determinant of your financial health. Addressing debt plays a pivotal role in maintaining and improving your credit score, which in turn opens doors to financial opportunities.
Boosts Credit Score
Eliminating debt demonstrates responsible financial behavior, positively impacting your credit score over time.
Reduces Credit Utilization
Lowering the amount of debt you owe (compared to your available credit limit) can improve your credit score.
Demonstrates Reliability
Making timely payments on debts signals reliability to lenders, enhancing your creditworthiness.
Mitigates Risk
High levels of debt signals financial instability to creditors, potentially leading to higher interest rates or denial of credit.
Opens Doors
Healthy credit grants access to better loan terms, lower interest rates, and increased approval chances for mortgages, car loans, and credit cards.
Affects Other Financial Areas
Beyond borrowing, credit scores can influence insurance premiums, rental applications, and even job opportunities.
How a Debt Management Program Works
Stress-Free Payment
Say goodbye to frustrating statement juggling each month. Automatically deposit funds into your GreenPath account on your preferred schedule, and we use those funds to pay debts on your behalf.
Lower Interest Rates
GreenPath proudly partners with nearly 600 financial institutions across the country. Through these partnerships, we arrange lower interest rates and monthly payments. Translation? You save money and pay off debt faster.
End to Collection Calls
Once creditors agree to GreenPath’s Debt Management Program, collection calls drop and so do your balances. You’re officially on the path toward financial wellness!
Why Choose a Debt Management Program?
Last year, 8,998 people paid off their debt IN FULL through the Debt Management Program.
Because Debt is Expensive
Today’s cost of living is too high. Inflation and steep interest rates make meaningful progress on credit card payoff feel impossible. GreenPath’s Debt Management Program is designed to save you interest so you save money.
Because Debt is Lonely
People don’t often discuss personal debt. As a result, you might feel you’re alone…but you’re not. The Debt Management Program connects you to a community of certified experts and peers eager to show up and support you.
Because Debt is a Barrier
What might you achieve without debt standing in your way? Maybe you would save for retirement. Maybe you would put a down payment on a home or start a business. Join the Debt Management Program and take the first step toward achieving your financial goals.
Lavell Saved $22,600
“I had so many questions, so many doubts. He [the counselor] offered some amazing solutions.”
Tammy Finds Her Superpower
“It was freeing to have a plan, especially with such supportive counselors.”
Debt is Personal to John
“Debt is personal. It’s not just about finances. It’s about overall well-being.”
Ongoing Support
When you join GreenPath’s Debt Management Program, your dedicated Client Success Team will answer your questions, cheer you on, and keep you updated through your client portal. But that’s not where support ends.
You’ll also gain exclusive access to a private community of other Debt Management Program clients where you can:
- Ask any DMP related questions you have.
- Celebrate real-time payoff progress and money milestones.
- Find motivation by connecting with others on a similar journey.
Frequently Asked Questions
We work with most creditors throughout the U.S., including banks, credit unions, retailers, medical providers, auto finance and collection agencies.
Debt Management Program set up fees and monthly fees vary based on your state of residence and debt amount. On average, GreenPath clients are charged a one-time enrollment fee of $35 and a $28 monthly fee. This is minimal considering the amount of money our clients typically save in waived late fees, waived over limit fees, and reduced credit card interest charges.
Since the goal of a debt management program is to pay off debt, the credit cards enroll in the program will be closed. Most creditors will usually allow you to continue using one card for emergencies and travel.
GreenPath is a neutral third-party that works in your best interest. Many creditors support our work because they believe it results in positive, long-term outcomes.
GreenPath does not contact the credit bureaus when you enroll in a debt management program. However, because you will be closing lines of credit during the enrollment process, your score may dip. But over time, most people see their scores increase, because they are making payments in-full and on-time each month.
Yes, they are different. Debt management plans are designed to pay off the entire amount you owe in 3 to 5 years. If we can lower your interest rates, the total amount you pay to your credit card company is typically less than if you paid on your own. Debt settlement typically involves requesting credit card companies to forgive a portion of your debt in exchange for a lump sum payment.
Get started with a free debt counseling consultation. Chat with an expert!
When you call, you’ll talk to one of our NFCC-certified credit and debt- counselors. We’ll review your financial situation together, and make a personalized plan to get your finances back on track. We’ll explain the options and give you the information you need to make a choice that works for you.
Contact a GreenPath counselor today for a free debt counseling session. 100% confidential.
Take the First Step It Is Free and 100% Confidential
Contact GreenPath to conduct a free debt counseling session to see if our debt management plan is right for you.
NOTE: This is an example. It helps you see how a debt management plan might help you. IT IS NOT AN ACTUAL QUOTE.
How Your Debt Is Calculated
- The pay “on your own” example assumes you make only the minimum payment.
- We use an interest rate of 24 percent. The GreenPath debt management plan example shown is based on getting rid of your debt within five years.
- We use an average interest rate of 8 percent .
In most cases, we can work with your creditors to reduce your interest rate. Actual interest rates will vary by client and creditor.