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You then make one monthly installment to the creditNovember 8, 2008 on 3:33 pm | In General |You then make one monthly installment to the credit counseling firm 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 very well may still pay back as much as 130% of what you actually owe. My credit counseling plan failed now I am into a debt settlement program. Tags: credit card, credit counseling, creditors, debt settlement program, drawback No Comments yetSorry, the comment form is closed at this time. |
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