Nonprofit Debt Management Plans (DMP) have a federal legal obligation to provide counseling using certified credit counselors trained in consumer credit, money and debt management, and budgeting.
All Navy and Marine Corps official credit counselors are certified and accredited after years of training. For this reason make sure you check with your Fleet and Family Support Center for debt management and credit counseling before going to the open market. These services are part of your benefits as a Sailor or Marine.
- “If you are going to use a for-profit debt management organization you will pay fees, not all of which may be disclosed,
- or you may be urged to make “voluntary” contributions that will add more to your debt load.” The best practice is simply to find a reputable, state or federally regulated Debt Management Program, preferably sponsored by the Navy or Marine Corps. Once you make arrangements to manage your debt stay with it. Failure to do so may have negative impact on your career and personal reputation.
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