Since 2001, DebtWave Credit Counseling has offered financial education, credit counseling and debt management plans to individuals with credit card debt. Counselors help customers to negotiate missed monthly payments, avoid late fees, and reduce interest rates. As a 501(c)3 nonprofit, DebtWave helps customers secure a debt-free future.
Best For People Who
Are looking to lower their interest rates on credit card debt
Wish to be debt-free in 3-5 years
Would like access to resources to help make stronger financial decisions in the future.
At least $3,000 in credit card debt
Reside in any U.S. state except KS, NY, MD, ID
Upon establishing a debt management plan for a debtor, a licensee may charge and receive an initial fee of $50.00. However, unless 51% or more in number or dollar amount of all the debtor’s creditors consent to the debt management program within 90 days of establishing the debt management plan, the licensee shall provide notice to the debtor of the lack of required consent and the debtor may, at its option, close the account. If the debtor decides to close the account, any unexpended funds shall be returned to the debtor or disbursed as directed by the debtor.