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Once
we receive your application, you will be assigned a counselor
that will go over your information and your preliminary
online quote and will develop a Debt Management Plan for
you. Your counselor will then contact you with your new
monthly payment and verify your preferred payment date.
We will then notify your creditors and make payment arrangements.
Within a week or two you will receive a welcome package
that confirms your Debt Management Plan and includes other
useful information.
Debt Management plans involve restructuring
your current debt with existing creditors. Money is not
loaned, and creditors do not change --- but the terms
and conditions under which the existing debt can be repaid
changes significantly. Under our Debt Management Plan,
we will contact your unsecured |
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creditors to notify them that
you have enrolled in our Debt Management Program and we will
arrange for the terms and benefits typical within this program.
Typically these benefits include; the lowest monthly payments
and lowest interest rates possible, stopping late fees and other
punitive charges, and re-aging accounts to bring them current.
We then consolidate those debts into one monthly payment and
disburse that payment to your creditors for you each month.
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