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Does a Debt Management Program Place a Lien on My Property? – Jan

“Dear Steve,

My ex and I are selling our home. I am currently in a Debt Management Program. Will my Debt Management be paid off before I get my share of the profit on the home. Is this considered a lien?

Jan”

Dear Jan,

A debt management program is a voluntary credit counseling program and does not create a lien against any property. There is nothing I can think of that will inform your creditors of your windfall. You should be able to sell your home without any concern of being in a debt management program.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

2 Comments

  • i want out of my debtwae management program and have succesfuly been on the program for 33 mons and am going off as of today Do you know is there anything stating that my interest rates will go up to where they were before i defaulted ,or since i am current now for 33 months i was told by capital one my interest rate will go back to where it was BEFORE i defaulted ? this will drastically drop my payments which i am need of doing and i was told by creditors they can’y do anything for me until i am off the debtwave. Have you heard of creditors helping people after they got off a program?

  • i want out of my debtwae management program and have succesfuly been on the program for 33 mons and am going off as of today Do you know is there anything stating that my interest rates will go up to where they were before i defaulted ,or since i am current now for 33 months i was told by capital one my interest rate will go back to where it was BEFORE i defaulted ? this will drastically drop my payments which i am need of doing and i was told by creditors they can’y do anything for me until i am off the debtwave. Have you heard of creditors helping people after they got off a program?

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