repayment period

Have you worked out any repayment terms with a creditor, or is the account delinquent? Most creditors will charge-off the acct. as a bad debt after 6-9 months or so of no payment activity on the acct. It then gets sent to a collection agency, who can then try to collect, and if no results, they may sell it off to yet another collection agency...

Have you thought of debt consolidation or debt settlement? A debt consolidation plan can get your interest rates lowered and late or overlimit fees waived. The debt consolidation company disburses funds to your creditors every month.

If you entered all of your details when you registered with the site, a debt counselor should be contacting you for a free, no-obligation debt consultation. They can discuss your situation and explain the options available.

Usually, any repayment plan can be framed between three to five years. The higher you keep the payments in the consolidation plan, you become debt free sooner. The consultant needs to review the present situation of your accounts and make a quote.

You have to re-negotiate with the creditors and get benefits in your favor. They will look into your past payment history before settling on a deal with you. Call the creditors and show your situation. Under any circumstances, you have to take care of the debts before they do anything unfavorable to you.