Six to ten percent, at both. GreenPath and MMI set up debt management plans on the same concession rates in twenty twenty-six, and most of the terms match.
General information, not professional financial, tax, legal, or insurance advice. The Dreamy Leads Research is an editorial and data team, not a licensed advisor.
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Chapters
- 0:00 The same ~6–10% concession rates and $0–$75 setup fees at both.
- 0:11 I. The plan terms
- 0:33 II. How the rate drops
- 0:59 III. Who they are
- 1:20 IV. Other counseling
- 1:32 V. The credit effect
- 1:52 VI. One more comparison
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Full transcript
I. The plan terms
The comparison's table lists the same terms at both nonprofits: concession rates of about six to ten percent, setup fees of zero to seventy-five dollars, monthly fees of about twenty-five to seventy-five dollars, and plans of three to five years. Fees are capped by each state's rules.
II. How the rate drops
The mechanism is a rate cut, not a balance cut. Card APRs the page cites run twenty percent or more. On a plan, one monthly payment flows through the agency to every enrolled card at a concession rate, and one hundred percent of principal is repaid. The FAQ says issuers keep the same concession schedules at both agencies.
III. Who they are
The organizations differ in texture. GreenPath dates to nineteen sixty-one, and MMI's roots go back to nineteen fifty-eight. Both serve all fifty states: GreenPath with offices in its regions, and MMI with twenty-four seven phone access. Both are five-oh-one-c-three nonprofits.
IV. Other counseling
Beyond the plan, GreenPath's counseling covers housing and student loans, while MMI covers housing and disaster recovery. Consultations are free at both.
V. The credit effect
The credit effect is milder than settlement. Enrolled cards are closed, which affects utilization and account age, but payments report as agreed and there are no settled notations. The FAQ adds that scores commonly recover during the plan as balances fall.
VI. One more comparison
The page adds one more comparison: borrowers with credit scores of six sixty or higher may match plan-level rates with a consolidation loan. The full comparison is free at Dreamy Leads Research. What state are you in, and what APR did your debt management plan set? Tell us in the comments.
Frequently Asked Questions
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