Debt Management Plan There are many circumstances in life that can destroy even the best money management plan. A job loss, unplanned medical bills and high credit card debt are just a few of the reasons you may find yourself in a situation where you can't keep up with your bills. The Debt Management Plan is a program in which we review your entire financial situation, taking into account all income, expenses and debt. If your situation is such that there is not enough money available to make full monthly payments to your creditors but enough to make reasonable payments, you will be offered the option of entering ourDebt Management Plan. This program is designed to assist with any type of unsecured debt, including credit cards, medical bills, or accounts at collection agencies. We will contact each creditor on your behalf and make arrangements for them to accept reduced monthly payments. Your creditors are asked to stop all collection activity, waive late and over limit fees, and to deal directly with us. In some cases creditors will stop or reduce finance charges to CCCS clients. Payments to your creditors are handled through the CCCS office. Each moth you pay a specified amount, which is deposited into a trust account, and is distributed semi-monthly to each creditor until all of your debts have been paid off.