When you're faced with debt, it can be hard to see your way out and make sense of your options. CareOne^SM providers offer a variety of debt relief solutions, all of which can help you become debt free.

Debt Management Plan (DMP)

If you struggle to keep up with your monthly credit card payments, our DMP may be right for you. The CareOne^SM DMP allows you to consolidate all of your unsecured debt into a single monthly payment and when you complete our program, you will have fully paid your debts off! DMPs have helped hundreds of thousands through the following benefits:

• Pay less. Better repayment terms offered by most creditors, like lower interest rates and waived late fees, can save you considerably each month.
• Pay off your debt faster. You'll be able to pay off your debt in three to five years rather than the average 25 years* it could take without our program.
• Reduce your stress. Our customers are most relieved when the stress of collection calls disappears.
• One, easy payment each month. Your credit cards and other unsecured debts are consolidated into one monthly payment so you don't have to juggle payments.
• Build your money management skills. We are committed to helping our customers become savvy with managing their money. Our programs not only help you get out of debt, but our tools, tips and educational resources will help you stay out of debt.


^{* Assumes the consumer would only make minimum monthly payments.}

Settlement Plan

A Settlement Plan is designed for people who cannot afford the DMP’s monthly payment. Settlement providers work to negotiate settlements with your creditors on your behalf with the goal of allowing you to repay a portion of your debt (typically around 50%) over a 3-5 year period and avoid bankruptcy. While the Settlement Plan offers a much lower monthly payment than the DMP, it also carries with it more severe considerations. With the DMP, your payments are sent to your creditors each month by your CareOne provider. In exchange for your monthly payments, most creditors agree to offer such benefits as lower interest rates and eliminated fees. With the Settlement Plan, your monthly payments are held in an FDIC insured bank account by your Settlement provider until your creditors agree to accept the settlement offers. It can often take months before your creditors are willing to accept a partial repayment of your debt, and some creditors never accept, and as a result, Settlement Plans can often lead to increased collection activity.

During your free assessment, we’ll work together to consider your debt relief options. You are able to explore these programs both over the phone with our certified counselors or online at your own pace. We offer online enrollment supported with live help with certified counselors, video help, chat and FAQs throughout the entire online enrollment process. CareOne Services, Inc., provides Settlement Plans in some states and Persels & Associates, LLC, a national law firm dedicated to consumer debt resolution, provides legal services to settle debts in other states. CareOne Services, Inc. provides back office support and paralegal services to Persels & Associates.

Bankruptcy

If your financial situation leaves you unable to pay back even a portion of your debt, you may want to explore whether a bankruptcy makes sense for you. We will review your situation and if bankruptcy appears to be appropriate, we will connect you with a national law firm to help walk you through your bankruptcy options.

For a free, no obligation analysis of your financial situation, call 1-888-888-CARE and talk to a Financial Fitness coach.