| What will this do to my credit? |
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| We cannot control what a creditor can and cannot do to your credit history. Once a negative comment appears on your credit history, simply paying or paying off a creditor does not change the history of the account. We can improve your credit standing if you have "Rolling Lates" of 30, 60 and 90 days late - these will stop once you are on the program. We do not report you to the credit reporting agencies; but, your charging privileges are suspended when on a debt management program. |
| How do I know you are paying my bills? |
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| You will continue to receive statements from your creditors, and you will see the payments on the statement, unless they pass each other in the mail, in which case you will see it on the following statement. You will receive statements from us as well as from your creditors, each month that your money is disbursed. You can also request a complete payment report. |
| How do I get started? |
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| Simple. Complete the Free Online Quote with your information, and you will be contacted shortly. Or call us at the number shown above. We do require a signed agreement and power of attorney before accepting a client on our debt management program. |
| Can I buy a house or car while I'm on the program? |
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| Yes - we believe. So as long as you meet your lenders criteria. The fact that you are on the program by itself should not have any effect on your ability to buy a home or car; however, no means no. Lenders frequently have to come up with a reason to approve or deny you for a loan. They may tell you that you are denied because you have a poor payment history, or because your shirt was the wrong color. |
| Can I get new credit cards? |
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| Yes - we believe. but you SHOULD NOT. Most people come to us to get out of debt, so naturally we discourage taking on new debt. Once your existing accounts are paid off, it is up to the creditor whether or not they re-open your account. Your payment history with us will certainly influence your future credit. |
| Can I use my credit cards or are the accounts closed? |
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| We suggest that you close the accounts yourself. This way the account shows as "Account closed by consumer" on your credit history - which is positive. You cannot expect a creditor to lower or eliminate interest and keep the account active. |
| What will be the interest rate creditors charge me? |
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| We do not reduce your interest rate, your creditors do while you are on our program. Most creditors will cut their interest in half or more. Most people are paying between 17% and 26% interest on their accounts. This will help you get out of debt sooner and save you thousands of dollars in interest payments. |
| Can I pay off one account or all accounts? |
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| Yes, you can! If you decide to pay off any accounts, please call us, we will contact your creditor and advise you of the best arrangement. If you come into some money, you might want to consider having us negotiate a settlement to save you even more. |
| Do you pay off my creditors? |
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| Yes - with YOUR money. We do not offer consolidation loans, this is a consolidation service. You will be making one monthly payment to us, which will simplify your life, and the monthly statements you will receive will show you the progress you are making with each account. |
| Can I pay more than the minimum? |
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| Yes! We highly recommend that you pay more than the minimum to get out of debt faster and pay less interest. |
