Sentences with phrase «turn makes payments to the creditors»

If accepted, you make payments to Hoyes, Michalos (the Consumer Proposal Administrator) who in turn makes payments to the creditors according to the terms of the consumer proposal.

Debts enrolled are consolidated into 1 monthly payment that is paid to your Debt Management company, who in turn makes the payments to the creditors.

Not exact matches

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.

Such plans require a client suspend the use of their credit lines and make one monthly payment to the credit coaching organization, which in turn pays the creditors.

Three months later - after making several payments into their debt management program — the creditor turns the debt over to a CA.

Putting off filing for bankruptcy will only hurt your credit score more if you are not making your monthly debt payments on time and your creditors are turning over accounts to collections.