I’m about to sign up for a debt management program, but I’m terrified it might be pointless, and I should just file for bankruptcy instead. What are your stories if you went through a debt management plan? Was it worth it, or should I consider other options?
Totally, lots of folks have made it through debt management programs. It takes some discipline and dedication, but it’s a real option for people dealing with debt.
The effectiveness of a debt management plan really depends on your specific situation, including how much debt you have, your income, and your expenses.
It’s a good idea to talk to a credit counselor or a debt management expert to find out if a debt management plan is the best choice for you.