How to know creditors're working with consolidation comp
Date: Mon, 01/09/2006 - 20:17
How do you know if creditors have accepted you into a dmp? Is it necessary for the creditor to contact them directly? Are there any fees for enrolling in a dmp?
The consultant in this website will offer you a free counseling
The consultant in this website will offer you a free counseling in which they will frame a monthly payment plan for you.
Then, they call your creditors and negotiate for reducing the total debt amount. Once both of them have agreed to the terms, emails as well as other legal documents will be sent to you explaining the contract with the debt consolidation company and the creditors included in the program. This contract has a legal value mentioning your enrollment in the program.
There is a very nominal fee charged by the consultants for this service. This amount can be included in your initial monthly pay offs. After you are satisfied with it, you can get started and send your payments to the consolidators who in turn will pay towards your debt accounts. This will be your positive step towards becoming debt free.
