Where many of the top debt relief companies help consumers out of debt using a process known as debt settlement, Trinity Debt Management takes a different approach. This company offers credit counseling to consumers, but they also enroll their customers into debt management plans (DMPs).
Where debt settlement plans have you stop paying bills so you can settle debts for less than you owe, DMPs ask consumers to make a single monthly payment to the nonprofit agency in charge of their plan each month. The nonprofit agency (in this case, Trinity Debt Management) negotiates with your creditors to secure lower interest rates and reduced fees. In the end, Trinity Debt Management aims to help their clients become debt-free over a timeline of thr…
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