If the settlement
firm made any payments to your creditors, then settlement negotiations would be severely hindered.
Not exact matches
The country is $ 70 billion in debt, schools are closing by the hundreds, and infrastructural services — like the overburdened electricity system — have been overlooked in order
to make way for debt
payments to Wall Street
creditors, according
to Juan Cartagena, President and General Counsel of LatinoJustice PRLDEF, a public interest law
firm.
You will have
to make one
payment every month
to the debt consolidation
firm before the chosen disbursement date and the
firm will send your money
to each of your
creditors as agreed upon.
The
firms usually tell you
to stop
making payments to your
creditors, and instead, send
payments to the debt negotiation company.
Under this theory,
firms can reduce agency conflicts between managers and shareholders by reducing excess cash on hand, and by obligating managers
to make continuous payouts in the form of increased dividends and interest
payments to creditors.
Debt settlement
firms do not
make your monthly
payments to creditors for you.