Debt Consolidation |
||
How do I consolidate and pay off my bills? Basically what these agencies do is make a list of all the unpaid debts. Then they contact all the creditors and try to negotiate the debt to the lowest possible. After negotiating with all the creditors they come up with a plan that will allow to pay off all the creditors in a resonable timeframe. Usually they combine all the bills and come with one monthly payment. As long as the debtor keeps making his/her monthly payments, he/she will be debt free in planned timeframe. Consumer Credit Counseling Services (CCCS) is one such non-profit agency. |