Sentences with phrase «in a debt settlement program grows»
Instead, the money you pay each month in a debt settlement program grows over time and your creditors stop getting payments from you.
https://www.freedomdebtrelief.com/ Not exact matches
It was a debt settlement program, they had several credit cards and they were paying $ 375 a month into a «pot» so to speak and when the funds grew large enough they would go in, settle one account and so on.
The NCLC concluded that debt settlement companies use «a business model that is inherently harmful to consumers» because consumers are required to pay high fees for debt settlement programs that they are unable to complete, resulting in increased collection efforts and growing debts while their creditors continue to pile on fees and interest accrues.
It also does not take into account the growing balances in a debt settlement program from additional interest and fees that build while the consumer attempts to pay advance fees and save money to settle or the cost of the debt settlement service provided.