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Posted: Thu Dec 13, 2007 5:55 am Subject: When will my creditors be paid?

My creditors still have'nt recieved a payment. It's been eight days since my payment to DebtCC of $174.00 has been made. How long does the process take. I have never been late before. Now on top of it, I owe $65 dollars in late fees, and thats to only two of my eight creditors. When will my creditors be paid? I dont want any more late fee's.

Posted: Thu Dec 13, 2007 1:00 pm Subject:

I would give DebtCC a call and see if they have received or your payment or when they sent the checks out. 8 days is cutting it close for your CC companies. You must figure 2 or 3 days from you mailing it out to them receiving. Then a day or two for DebtCC to process your payment and cut the checks. Then you have a few days more days from DebtCC to to your creditors.

Posted: Sun Dec 16, 2007 6:58 pm Subject:

DebtCC is a place to get help, find a consolidation/settlement service...but they don't make a payment plan or deal with your creditors. If you apply for a consultation, then another company would have called you to help you out.

In the plan that I have, the consolidation company says that the day after they get my payment they send payment out to the creditors. From there it can take 7-10 days for the payment to post. So you want to make sure you give yourself enough time for the payment to post by the due date

Posted: Mon Dec 17, 2007 10:51 am Subject:

Yes, DCC doesn't actually do consolidation. They just refer you to other companies . . . . Check your paperwork and see what the company you are dealing with is and contact them from there.

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When will my creditors be paid?

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