Sentences with phrase «distributes payments to the creditors»

Once they have negotiated an agreement with the credit company, you pay the debt management service each month and they distribute your payments to your creditors.

You make one monthly payment to the agency and it distributes payments to your creditors.

Once you accept the terms of your debt repayment plan, you make scheduled payments to your credit counseling agency and they distribute payments to your creditors after deducting their fee.

The debtor also must work with a mediator, or trustee, who distributes payments to the creditors.

Your consumer credit counselor then distributes payments to your creditors.

Instead, you pay the DMP each month and they will use this money to distribute payments to your creditors.

They will help pay your bills — you send them one monthly payment, and they distribute the payments to your creditors.

Not exact matches

You are required to make one monthly payment to your credit counselor, who then distributes the funds to your creditors on your behalf.

You'll make a monthly payment to your credit counseling agency every month, and the agency will distribute the payment to all of your creditors.

That mountain of depressing bills is consolidated into one monthly payment, and the non-profit agency distributes the funds to creditors.

An appointed case trustee may automatically deduct some monthly payments from the wages and then instantly distributes to the creditors.

Upon receiving your payment, the company will accordingly distribute it to your creditors on your behalf.

With a debt management plan, you make a single monthly payment to your counseling agency, which then distributes monthly amounts to your creditors.

The amount of your fixed monthly - consolidated payment will be distributed to each creditor by the agency you have hired.

«When a consumer is unable to meet their regular monthly debt payments, our agency as well as other (accredited agencies), may establish a DMP to help the consumer manage and pay off their unsecured debt by having the consumer deposit a monthly payment into a (trust account) which, in turn, is distributed to their creditors,» Hannah says.

In this plan you send the firm one payment every month and they distribute the funds to your creditors.

You'll make one monthly payment to the credit counseling service, and they distribute funds to your creditors according to your debt reduction plan.

• You must have a regular income that will permit you to make the pre-determined payments to the trustee in bankruptcy who will distribute funds to your creditors.

FS will then offset and distribute payments to the recipient's creditors.

In turn, the organization will distribute the money to your creditors according to the agreed - upon payment schedule.

You'll make a monthly payment to your credit counseling agency every month, and the agency will distribute the payment to all of your creditors.

They'll collect one monthly payment from you and distribute funds to your creditors per the terms of your repayment agreement.

After enrolling in our debt resolution program, we will assist you in setting up a savings account with a licensed, third - party payment processor who will hold your savings funds and distribute all negotiated payments to your creditors in a timely manner.

You will then need to send one monthly installment to the agency and they will distribute the payments to each of your creditors.

It's a way to pay down your outstanding debt through the agency, which works with creditors to lower your interest rates, and then distributes monthly payments to the creditors, while offering fundamental financial advice that could prevent a repeat of the problem.

Therefore, you need to make a single monthly payment to the consolidation company, which will then divide and distribute the payment amongst your creditors and collection agencies.

A voluntary method of debt restructuring in which a person makes a lump sum payment to a financial counseling agency who distributes the funds to creditors.

You are required to make one monthly payment to your credit counselor, who then distributes the funds to your creditors on your behalf.

The plan must include fixed payments on a regular schedule — typically biweekly or monthly — paid to the trustee who then distributes the funds to creditors according to the plan's terms.

Chapter 13 bankruptcy requires an individual to pay back a percentage of their debts, typically over a 3 or 5 year repayment plan, and a trustee distributes those payments back to the individuals creditors.

This means they will manage your payments to your creditors, distributing them as agreed.

You make a single monthly payment to that agency and they distribute the money among your creditors.

As an added perk, you make one payment to your consolidation service, which then distributes the money among your creditors.

You make the agreed monthly payment to a debt management company which distributes the payments among your creditors for you.

We would advise you that we are sending our first payment to the new provider on and payments will be distributed to our creditors shortly afterwards.

This will allow you to make one single payment which will then be distributed amongst your creditors.

You need to make a single monthly payment to the counselors, who distribute the amount amongst your creditors.

I would advise you that I am sending my first payment to the new provider on and payments will be distributed to my creditors shortly afterwards.

A debt management plan is a way to pay down your debt through payments to your credit counseling agency, who will then distribute the funds to your creditors.

The consumer credit counseling company will then distribute the multiple monthly payments to each of your creditors, with the new reduced interest rate, making it easy for a person to manage their debts.

Some debt management services do nothing but take your monthly payment and distribute it to your creditors.

Your payment plan is administered by the Chapter 13 trustee for your region, who collects payments from you and distributes money to your creditors.