November 20th, 2008
You then make one monthly payment to the consumer
Posted in Finance
You then make one monthly payment to the consumer credit counseling agency and they then make your payments to each one of your creditors on your behalf. The drawback to this option is even though they reduce your interest on your credit card accounts you could still pay back as much as 130% of what you currently owe. Can debt reduction be a smart and sensible financial move to make for most debtors.
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