Consolidating your credit cards
The non-profit agency can help you get a lower interest rate from creditors and reduce or waive late fees to help make your monthly payment affordable.
You send one payment to the agency running the DMP and they split it among all your creditors.
That's where debt consolidation and other financial options come in.
A consolidation loan should reduce your interest rate, lower your monthly payment, and give you a practical way to eliminate debt.The most-recommended DMPs are run by non-profit organizations.