Let Cornerstone Financial Education reduce your stress by lowering your interest rates and payments to your creditors, through their Debt Management Program (DMP).

When you’re in debt, it can feel endless. For those already overwhelmed by debt, or consumers who see trouble coming, Cornerstone offers debt management programs to help. Through their Debt Management Program, they work with your creditors to lower interest rates and reduce monthly payments. Together, you’ll develop a realistic plan that you can follow to eliminate debt. Once you’ve regained financial stability, they’ll go beyond your DMP with ongoing counseling and support to ensure you’re in control of your money.

Low To No Fees! Once on the program, Cornerstone charges a $25 monthly service fee for GTFCU/ACU members for maintaining your debt management account. The service fee can also be waived in full or in part depending on your particular financial situation. Cornerstone does not charge any fees for enrollment, counseling or early termination. They want to help anyone who is serious about becoming debt free.

Choosing Debt Management over Bankruptcy

The decision between debt management and bankruptcy is not easy to make because it depends on your financial situation and the amount of your debt. The first thing to know is there are several types of bankruptcy and the court will determine what type you are allowed to file. In 2008, 38.4% of all consumer bankruptcies were filed under Chapter 13, which is a repayment plan much like a Debt Management Plan (DMP) offered by Cornerstone Financial Education.

Learn More about the Debt Management Program