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T&C payoff creditor

Date: Tue, 11/07/2006 - 13:24

Submitted by TASHA_MOSELEY
on Tue, 11/07/2006 - 13:24

Posts: 408 Credits: [Donate]

Total Replies: 6


is it true that they pay off the creditors then you pay them???? like a loan


I had the same feeling. But they don't offer any loans. T&C will fix up the monthly payments for you just like any other consolidation company. You pay them and they pay to your creditors in the plan. You have to be regular with the monthly payments set with the consolidation company. If you fail to do the payment in one month, creditors will likely withdraw the benefits offered in the program. Be cautious after the program is started.


lrhall41

Submitted by weeswie on Tue, 11/07/2006 - 13:28

( Posts: 382 | Credits: )


First of all Tasha, don't get a loan to pay off a loan. That was my first big mistake. I thought that I had the situation under control, but I didn't.

T&C is a company who you send a payment to and they send the payment to the company that you owe (which I have discovered really is legitimate). Make sure that you keep up with your payments otherwise that is considered a breach of contract.

What you might need to do is contact the company yourself and talk to a counselor to see what your options are.

I hope it works out well for you.


lrhall41

Submitted by Alexandra on Wed, 11/08/2006 - 14:20

( Posts: 544 | Credits: )