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Originally Posted by Anonymous i dont understand how this works ... do i give a list of all my bills then the company pays off the bills and takes its out my bank account every month?

I guess you're considering the service of a debt relief firm to deal with your accounts. Yeah, you may include all your bills (except secured loans and student loans) in the program and the company would set up a comfortable repayment plan with you that would make you debt free. They would negotiate with your creditors to get you some relief on your payments and accordingly would pay them on your behalf. You would be required to make regular payments to the debt relief company, which would go to the escrow account, set up, maintained and managed by the company. The firm, however, should provide you with regular account statements so that you can keep track of your progress with the program.

The debt relief company would charge fees for their services and success fees on successful completion of the program.

You can search and read more about the programs on the site.