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 Posted: Thu Aug 17, 2006 7:35 am Subject: Credit Card Debts |
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I have two questions. Will my consolidated credit card debts, around $14,000, will I be able to make a monthly payment that fits my income? Also, will I be able to pay you a fee that fits my income?
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Fsjones
Joined: 17 Aug 2006
Posts: 1
Debtcc Points: 20
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| Posted: Thu Aug 17, 2006 7:38 am Subject: |
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Hi Fsjones, welcome the forums. Have you already spoken with a counselor, or are you just wondering what your payments are going to be like?
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apaverystar23
Debt Samaritan
Joined: 06 Apr 2006
Posts: 223
Location: Texas Debtcc Points: 4904
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| Posted: Thu Aug 17, 2006 10:36 am Subject: |
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Hi Jones
The consolidation plan aims to make your repayment process easier with the multiple creditors. You will have all your debts combined together into one single payment. This way, you won't have the burden to draw different checks every week.
A debt counselor will discuss about your options after going through your accounts. He will budget your finance and review the total income and expenses you have. Based on these details, the consolidation payments will be planned for you. It will be kept lower after analyzing your financial situation.
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Justme
Debt Samaritan
Joined: 19 Jan 2005
Posts: 502
Debtcc Points: 8026
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