Making monthly payments but not getting anywhere on balances

If your account is in default and you are paying to your creditors, the total amount of debt is tucked with a lot of high interest charges and other late fees etc. This makes the repayment tougher and keeps on growing further.

At this point of time, you can use the services of the debt consolidation program as I did for myself in similar kind of situation. Debt consolidation program eased my repayment process and I was offered this service at a lower rate of interest.

The consultant negotiated with my creditors to reduce the total amount of my debt and it excluded all the financial charges and the late fees. Thus, I was offered the reduced amount only to be paid to my creditors through the debt consolidation company.
I was able to see a decline in the total amount of my debt by 40% to 60%.

The benefit of this program is that after all the payments are complete with the creditors, the accounts will be shown as 'paid in full' in the credit report and this will help to increase the credit ratings.