Who funds program?
Date: Mon, 10/16/2006 - 10:34
RDGCHF, are you referring to this site? Your post was a bit unc
RDGCHF, are you referring to this site? Your post was a bit unclear, so I just wanted to clarify.
There are many reasons about why a debt management program is he
There are many reasons about why a debt management program is helpful to people. It is obvious that any credit company will like to have their money back after the person starts defaulting on their debts. A debt management program eases your repayment process with the creditors and offers them hope of getting their money back.
These programs do not offer any kind of loans to people. No advance money is put to your accounts by the debt management companies. You make your monthly payments and this goes posted towards your debt accounts with the creditors. If you default in the payments, it hurts the benefits arranged in the program.
