A Co-Applicant is anyone who has cosigned for any of the debts you which to place on the plan and will authorize those debts to be placed on the plan.

A person is a member of a household if they are being supported by the applicant and co-applicant's income. This includes the applicant and co-applicant.

Be sure to include clothes, lessons, sports, and school fees under Childcare and Daycare; include donations and gifts with Miscellaneous; and pet expenses, care and supplies with Household and Groceries.

Secured Debts are loans or debts which require some form of collateral or lien, such as a loan for a car, furniture or other property or a Mortgage loan. Government funded loans and debts such as Student Loans or IRS liens also qualify as secured loans.

Unsecured Debts are loans which require no collateral such as your credit or store cards. These are loans which you can use on our program.

Assets are property, which are fully paid for and have no liens against them and which may be used as collateral. Liabilities are the total amount you owe on both secured and unsecured debts.

The primary account holder is the main person in charge of paying on the account and is listed first on any of the creditor's statements. Secondary account holders are any account co-signers listed on the account. Only the Applicant or Co-Applicant may be listed as the Primary account holder on any debts placed on the program.

With DebtFreeAmerica.com, you have two easy to use payment options available online. With Automated Banking you can arrange for your payment to be deducted automatically from your bank account every month. Direct Check is a one time only automated withdrawal for your first payment. These options will be available for you once you have submitted your application.

With Automated Banking you arrange to have your bank account automatically debited each month to pay your creditors. The can schedule the day the withdrawal occurs month so you don't have to worry about mail or holds on checks and your bills are paid consistently. This service is free so you can save money too.

A Direct Check payment is a one time only payment where you arrange to have the amount debited from your bank. This withdrawal is one time, however, so you will need to remember to continue making payments. There is normally a $3.50 processing charge which is waived on your first payment so Automated Banking may be a better option in the long run.

American Express offers an interest waiver program for clients on a debt management plan. American Express will waive all interest accrued at the completion of the program provided the debt is paid in full at the end of 50 months. Until then your statement will reflect an interest of 23.9 APR monthly. Therefore, at the end of the program you would have saved all of the interest you would normally have had to pay off the program!

Be sure to include ALL payroll deductions for you and, if applicable, your co-applicant.