Typically, a debt management plan is set up to pay off 100% of your unsecured debt within five years. Because many creditors agree to lower interest rates, more of your payment goes toward reducing the principal balances, and less is applied towards interest charges. Collection calls and letters will typically stop after 2-3 successful months on the program. This is different than debt settlement. TCT Members have free access to financial counseling from our partner, GreenPath Financial Wellness.

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The federal government requires that each of the three national credit-reporting agencies—Experian, Equifax, and TransUnion—gives you a free credit report every year. You can request a free copy of your credit report by visiting AnnualCreditReport.com.

According to the Federal Trade Commission, the only authorized online source is at annualcreditreport.com. Consumers should be aware that there are many sites out there that claim to offer “free” credit reports but often charge you for another product if you accept the report.

To request your credit report by phone, call (877) 322–8228. To request your credit report by mail, write to Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. Do not contact the individual credit-reporting agencies.

A Credit Builder Loan or Share-Secured Credit Card are two ways to start building your credit. How it Works: TCT will hold the amount of your credit limit in your account. Your new loan or credit card is reported to the credit bureau(s), along with your payment history and after six months this will help you establish a credit score.

Learn about Credit Builder Loans

Learn about Share Secured Loans

No. The credit bureau does not allow us to give out copies of the report. You can request a free copy of your credit report by visiting AnnualCreditReport.com.