all one bill?
Date: Tue, 08/01/2006 - 08:01
Yes, all your bills are combined together into one monthly payme
Yes, all your bills are combined together into one monthly payment in the consolidation plan. You won't have to draw multiple checks for your different creditors. Besides, the counselor also informs your creditors and negotiates for eliminating the late payment fees and other financial charges. The total amount is brought down to an affordable balance and you make monthly payments till the debt is paid off. This program will help in fixing your credit.
Does this cost money to the debtor? Does someone actually buy t
Does this cost money to the debtor? Does someone actually buy the person's debt and you then owe it to them-or can you give more specifics of this process?
Thanks in advance!
What the counselors do is find out how much your take home salar
What the counselors do is find out how much your take home salary is, how much you need to live on (rent, food, etc) and then figure out how much you can afford to pay each month. Then they contact your creditors and explain to them that you are working with a debt consolidation program and set up payment plans using the amount that you can afford to send to them. Some creditors will suspend late payment fees and interest while you are working with a debt consolidation company so your payment goes straight toward the debt you already owe. Each month they should send you a statement that shows where your money has gone, and how close you are to paying off each of your bills. This is a viable solution for many people, especially when you are overrun by debt. Snowballing is better for those who have the money to pay, but like me, have made bad choices in the past about what to pay and when. The benefits of this program is put in the link below
http://www.debtconsolidationcare.com/benefits.html
combinding bills
I'm looking to combind my bills into one monthly payment so it is easier to get my bills paid on time and to avoid late fees and charges and to get my head above water. I have very bad credit and was wondering if your company can help.
please respond back
You can combine all your debts into one payment by enrolling in
You can combine all your debts into one payment by enrolling in one of the debt management programs. You won't have any late fees further adding on your debts. The consultation company will tell your creditors about your hiring the services and negotiate for a reduced interest rate. Most of the late payment fees that are already added will be waived off, bringing the total balance down. You need to speak with a counselor for more of your options. He needs to go through your accounts before he makes a suitable deal.