Tenure of the debt consolidation program
Date: Fri, 07/22/2005 - 00:30
Hi Andrea Welcome to the forums. After you enroll in the debt
Hi Andrea
Welcome to the forums. After you enroll in the debt consolidation program, the consultant takes the first step in negotiating with your creditors for reducing the total amount of your debt. This is done by eliminating all the financial charges, late fees accrued on it.
Then, he evaluates your financial position by cutting all the wasteful expenses and provides a reasonable budget for the month after setting aside the monthly payment that you will pay towards your debt.
He offers the various payment plans suitable to your present financial needs and thus, you start making payments to your creditors according to the best plan.
Usually, this program gets completed within a period of 2 to 3 years after successful payments are made to all the accounts.
Please let me know if you have any further queries regarding debt consolidation and related issues.
Regards
Roxette