Who pays my Creditors?

Remu

After enrolling in the program, you will be making the payments to your creditors through the consolidation company with whom you signed the contract.

Consolidation program will offer you lower monthly installments at lower interest rates. This negotiation also results reduction in the total amount of debt. It wipes off the extra amount added to the principal amount.

Creditors can always take legal actions if they intend take. They will take such actions only if you fail to pay them for a long time. After enrolling in the program and having a lower pay offs, it won't be good to miss your payments. You will not only lose all the benefits offered in this program forever but also might come in the face of legal actions.

This program is helpful to those who are unable to make payments on their own. Take a professional help and pay off the debt under your consultant's guidance.