Debt Management Plans

Find a Path Out of Debt with Our Nonprofit Debt Management Plan

couple looking at computer

Choosing which bills get paid this month? Dealing with credit card debt? Debt collectors won’t stop calling? Feeling stressed about money? Don't wait...take action now. An LSS Debt Management Plan (DMP) may lower your payments and reduce interest rates by consolidating your debt into one monthly payment. We are certified by the National Foundation for Credit Counseling (NFCC) and our financial counselors are ready to support you!

What is a DMP?

A Debt Management Plan is an agreement made between you and your creditors to pay off outstanding debts. You create a plan with a financial counselor, then make one payment to LSS each month, and we send the funds to your creditors.

Payments for a DMP are typically lower than your current payments, and most creditors will significantly reduce interest rates and stop fees once you are on a DMP. With on-time payments, your debt will be paid off in five years or less. This timing depends on the amount of your balances.

A Debt Management Plan with LSS Financial Counseling:

  • Provides an affordable payment plan and the simplicity of one payment.
  • Typically lowers your interest rates.
  • Helps you pay off your debt faster.
  • Results in full repayment of your debts.
  • Takes the fear out of answering the phone and opening your mail.
  • Includes ongoing support from a dedicated support team and your NFCC-certified LSS financial counselor.

Learn How a DMP Works and Get Started

View our Debt Management Plan Roadmap to see what this process looks like in practice. Find out how to set up an appointment with our financial counselors.

Is There a Fee?

Your debt counseling sessions with a financial counselor are completely free. If you choose to start a Debt Management Plan (DMP), you will pay a small monthly fee to LSS. This can vary by the state you live in and amount you owe. A small one-time DMP setup fee may also be charged. Your counselor will explain all your options and applicable fees during your counseling session.

What Do I Need for Counseling?

In order for your financial counseling session to be as productive as possible, it is helpful to have the following information available:

  • Your monthly income
  • Typical monthly expenses
  • Statements from your creditors
  • Any other information you believe would be helpful in understanding your financial situation

Don't have everything? Don't worry — contact us anyway!

Learn more about how a Debt Management Plan works.

Contact Us & Get Started

man on phoneIf you would like to learn more about the services we provide or how to start receiving support, please call 888.577.2227, email us or complete our short contact form.

Our free and confidential services are available nationwide by phone or virtually. For in-person appointments view our office locations to find a location near you!

We have counselors who are fluent in Spanish and Hmong. In addition, American Sign Language (ASL) interpretation is available as needed.

Over the phone logo.Phone, Virtual or In-Person Appointment

Call 888.577.2227 to schedule a phone appointment at a time convenient for you or an office appointment at one of our locations.


Online logoOnline Appointment

Get all your support by email.

To get started:

  1. Create your financial profile online any time of day with an email address and a password.
  2. Next, share your financial goal(s) and any other information you believe would assist us in understanding your financial circumstances.
  3. Then provide the amount of your household take-home income, balances and payment amount for credit card and unsecured debts, and monthly expenses. Click Finish to submit your information. Once submitted, your financial profile cannot be changed or updated.
  4. Finally, a counselor will email you within two to three business days to provide options and work with you to determine next steps to reach your goal(s).

If you are seeking guidance for student loan debt or housing issues, please call us at 888.577.2227 to schedule a phone appointment.

Please note: we do not provide retirement planning services or investment advice.