Free Debt Consolidation Programs in Milwaukee, Wisconsin
Managing debt can be overwhelming, but Milwaukee offers several free resources to help residents regain financial stability.
In this guide, we'll explore various programs and services available to assist you in consolidating and managing your debt effectively.
Table of Contents
- Financial Empowerment Center
- Lutheran Social Services
- Money Fit by DRS
- Chapter 128 Debt Consolidation
- American Consumer Credit Counseling
Financial Empowerment Center
The City of Milwaukee's Financial Empowerment Center (FEC) offers professional, one-on-one financial counseling as a free public service.
Trained counselors assist individuals and families in managing finances, paying down debt, increasing savings, and building credit.
They also help clients access safe and affordable banking products.
To learn more or schedule an appointment, visit the Financial Empowerment Center's website:
Lutheran Social Services
Lutheran Social Services (LSS) provides financial counseling to help individuals understand and improve their financial situations.
Services include credit report reviews, budgeting assistance, and personalized action plans to enhance credit scores.
LSS also offers over 20 financial education workshops covering topics like money management, credit, and consumer protection issues.
For more information or to schedule a free confidential appointment, call 888-577-2227 or visit their website:
Money Fit by DRS
Money Fit is a nonprofit organization that assists Milwaukee residents in finding debt relief through services like debt consolidation, credit counseling, and financial education.
They specialize in helping individuals manage credit card debt, collection accounts, payday loans, and medical bills.
Money Fit negotiates with creditors to consolidate unsecured debts into a single, manageable monthly payment, often with reduced interest rates or waived fees.
To get started, visit their website:
Chapter 128 Debt Consolidation
Wisconsin's Chapter 128 of the Wisconsin Statutes provides a voluntary debt consolidation plan through the state's Circuit Court system.
This program is available to any Wisconsin resident with a steady income and is not a form of bankruptcy.
It offers legal protections against creditors, stops interest on included debts, and halts garnishments and utility shutoffs.
Chapter 128 allows you to pay off unsecured debts, such as medical bills, payday loans, and credit cards, in a more manageable way over a period not exceeding three years.
For more information, visit the Wisconsin Department of Financial Institutions' website:
American Consumer Credit Counseling
American Consumer Credit Counseling (ACCC) is a nonprofit credit counseling agency offering services such as debt advice, debt consolidation programs, and consumer bankruptcy counseling.
They provide free accredited credit counseling and debt management plans to qualified individuals.
ACCC has assisted thousands of families in managing their finances and paying off credit card debt.
To learn more or apply for their services, visit their website:
By exploring these resources, Milwaukee residents can find effective strategies to manage and consolidate debt, paving the way toward financial freedom.
Remember, seeking help is a proactive step toward a healthier financial future.