Just have questions
Date: Mon, 07/02/2007 - 16:12
I just want to ask some questions before I actually make a decision on getting help with my debt. I already know the total amount I just want to know the benefits of this and what it will do to my credit.
If you enroll in a consolidation plan, all the debts will be com
If you enroll in a consolidation plan, all the debts will be combined under one payment plan at reduced interest rates. A debt counselor will call your creditors and fix a plan suitable for you. I have heard that most of the late fees are also waived off reducing the total pay off.
You will be benefited by the consolidation plan especially if you are unable to make payments on your own. When all the accounts are paid off, the creditors will update your accounts with the bureaus and your scores will go up.
A counselor from your area will be calling soon and discuss about your debts. Then, he will be able to guide on your next moves.
