If your situation is such that there is not enough money available to make full monthly payments to your creditors, but enough for reasonable payments, you may be offered the option of entering our Debt Consolidation and Management Plan.
We will contact each creditor on your behalf and make arrangements for them to accept reduced monthly payments. Your creditors are asked to stop all collection activity and to deal directly with us. In some cases, creditors will stop or reduce finance charges to Consumer Credit clients.
Payment to your creditors is handled through our office. Each month, you pay a specified amount, which is deposited into a trust account and distributed monthly to each of your creditors until all of your debts have been paid. Since most credit-makers appreciate the function we perform and realize the importance of allowing their customers to pay their obligations in a consistent, honorable and possible manner, they are usually quite willing to participate in these programs.
We are not a lender. As professional counselors, we know you cannot borrow your way out of debt, only pay your way out. This plan, when followed, does this in an honorable fashion.
BENEFITS MAY INCLUDE:
-Reductions in minimum payments.
-Reduced or eliminated interest rates.
-Elimination of late or over-limit fees.
-Re-aging of accounts (a creditor considering your account current).
-Elimination of collection calls.
