Debt Management Plans

How Piere Supports Your Debt Management Plan (DMP) #

Managing your finances while on a Debt Management Plan (DMP) can feel overwhelming, but Piere makes it simple by integrating your DMP payments directly into your budget. This ensures your debt repayment is prioritized, predictable, and seamlessly included in your financial decisions every month.

---

How It Works #

1. Auto-Create Your Budget with DMP Integration
   • When setting up or auto-creating your budget in Piere, you’ll have the option to select your DMP payment.
   • Piere will automatically create a dedicated budget category specifically for your DMP payments.
2. Rule-Based Tracking for DMP Payments
   • A custom rule will be set up to track all your DMP payments.
   • Every payment is automatically categorized, so you don’t have to manually adjust or track these expenses.
3. Debt Repayment Becomes Part of Your Plan
   • Your DMP payment is included in your budget at the start of each month.
   • This ensures your repayment plan is accounted for before making decisions about other expenses.
4. Aligned Financial Decisions
   • With your DMP integrated into your monthly budget, every spending decision accounts for your debt repayment goals.
   • This visibility helps you avoid overspending and stay on track with your plan.

---

Why This Matters #

• Debt-Free Faster: By consistently budgeting for your DMP payments, you reduce the risk of missed payments and stay on track to becoming debt-free.
• Financial Clarity: See exactly how your debt payments fit into your overall budget.
• Peace of Mind: Know your most important financial obligation is always prioritized.

---

Start Budgeting Smarter with Piere and Your DMP #

Make your debt repayment journey smoother and more predictable. With Piere, your DMP isn’t just a payment—it’s an integral part of your financial plan.

If you haven’t set up your DMP in Piere yet, head to your Budget and get started today!

Troubleshooting Tips #

1. Personalized DMP budgeting is available through our partners at the NFCC. If you didn’t join Piere through a partner agency but want to add your DMP, contact contact@piere.com.
2. For questions or feature requests about managing your DMP in Piere, reach out to contact@piere.com.
3. For plan-specific guidance and financial goals, connect with your credit counselor. We collaborate with counselors to deliver personalized Xrays in Piere.
4. To remove your Debt Management Plan (DMP) from your budget, simply set its budgeted amount to $0. If there’s no spending associated with it, it will automatically be removed.