Discover Card debt management plan (DMP).

Discover Card has joined with 10 other major credit card issuers to provide both a more affordable Standard Debt Management Plan and a Hardship DMP to struggling consumers. The 10 banks that have joined together to offer this program are calling it the Call to Action debt assistance program.

The program is targeted at consumers who need assistance with paying their bills due to a financial emergency and, in particular, to help people avoid bankruptcy. The beneficiaries of the Discover Card debt Management Plan will be those customers who do not have sufficient household income to qualify for a traditional plan. The two key elements of the new DMPs will help consumers with maintaining a reasonable monthly budget, make fixed monthly payments on their credit card bills more affordable, create a savings account for economic emergencies, and try to get them to be out of debt within 60 months.

Discover Card partners with other debt management and credit counseling agencies

Discover Card works with various Consumer Credit Counseling Agencies (CCCAs) across the nation to assist customers who need help with their credit card bills, and who want to repay their debt obligations but are experiencing a temporary financial difficulty or maybe have a recent emergency that has set them back. Discover also offers a credit card hardship program. Learn more on the Discover Card hardship program.

They work with the agencies to provide credit counseling, budgeting, and money management education to the customer. Discover will partner with the credit counseling agency to create a debt management plan (DMP) that is tailored to the individuals financial situation. They will also provide debt reduction services and guidance. Read more on credit counseling agencies.

While Discover Card reframes from endorsing any specific CCCA, you can review those that you think are best and enter into a program with them.

Customers who are interested in learning more, or signing up for a DMP, please call a Discover Card credit assistance representative at 1-800-767-1146 to learn more.