How long does it take to get out of debt with a debt management program?
Each program is individualized for the consumer because it is based on what your budget will allow us to pay the creditors. Some clients can pay more therefore they get out of debt quicker. The length of time also depends on what types of creditors you owe. Depending on the variables, our programs can take as little as 12 months, but rarely ever go more than 60 months. The average is about 43 months to be debt free, much less time than just paying the minimum payment. Making only the minimum monthly payment could take 15 to 20 years to pay off your debt: that’s 180 to 240 months.