DMP Proposal Evaluator

Live. Credit counseling debt management plan proposal: accept, counter or decline against your concession policy, with the counter payment.

Send up to 500 DMP proposals from nonprofit credit counseling agencies (balance, proposed monthly payment and APR, fair share, re-age request). Scores each against your policy (minimum payment as % of balance, maximum term, APR floor, fair-share cap, re-age allowed): payoff months and total interest at the proposed APR (60-month workout benchmark from the 2003 interagency credit card guidance), and returns accept, counter or decline with the counter payment that meets your limits. Reminds you about third-party authorization for the agency and the once-in-five-years workout re-age limit. Not legal advice. Nothing stored.

Price: $0.001 per call after 1,000 free per month.

DebtLayer · Tools · Free tools · Docs · support@debtlayer.io