Sentences with phrase «counselor makes payments to the creditors»
You make a single monthly payment, and the counselor makes payments to the creditors.
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You will make payments each month to your counselor who will then disburse the payments among your creditors.
You are required to make one monthly payment to your credit counselor, who then distributes the funds to your creditors on your behalf.
If you are struggling to make payments on time or at all, contact your creditors of see a credit counselor
Once you're signed up, the credit counselor will likely put you on a debt management plan through which you make regular monthly payments to them and they, in turn, send your payments to the creditor.
$ 40,000 credit card debt - Turning 58 - Have good paying job - Faced recent financial challenges (medical / family assistance) over last 5 months - Have 10 credit cards (3 with high balances, $ 15,000, $ 9,000 and $ 8,000)- Late payments only to the above 3 credit card accounts (3 mos, 2 mos, 1 month)- Made recent payments to 3 credit card accounts to bring accounts to temporary favorable status - Mortgage current - Completed graduate degree but left to pay last year out of pocket when reimbursement program was greatly reduced - Consulted with debt management counselor to go on budget and work with creditors to be paid out of a single monthly payment.
After your counselor has agreed with each of your creditors, you must begin making a monthly payment to the debt consolidation company.
Those who enroll make monthly deposits with a credit counseling organization, which then is used to pay the debts according to a predetermined payment schedule developed by the counselor and creditors.
You will make payments each month to your counselor who will then disburse the payments among your creditors.
You are required to make one monthly payment to your credit counselor, who then distributes the funds to your creditors on your behalf.
You need to make a single monthly payment to the counselors, who distribute the amount amongst your creditors.
Finally, a credit counselor will actually negotiate with your creditors on your behalf through a Debt Management Program where you make one payment each month to deal with your debts.
Failure to make required payments or leaving the debt counselor you worked with could mean that your creditor could cancel the agreement.