debt consolidation
Date: Wed, 05/25/2005 - 14:29
Hi suWelcome to the forums. I hope that you will have your s
Hi su
Welcome to the forums. I hope that you will have your solutions to all your queries in this post.
Quote:
Is the service insured and bonded |
When you have enrolled yourself in a debt consolidation program, the debt consolidation company pays your debt to the creditor making the first move. After that, all you will have to do is to make your monthly payments to the debt consolidation company at easy installments. So, your debt is paid to the creditor through the debt consolidation company at the first go.
When you sign for this program, everything is on paper and legal to safeguard the interest of the consumer and the company.
Quote:
Are client funds held in separate trust accounts? |
Yes, there are different accounts for each client.
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How often are payments made to creditors? |
The debt consolidation company pays your debt to the creditor through proper negotiation and eliminates the late charges and other expenses if possible to minimize the overall payment of the debtor.
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Are financial counseling and educational programs offered? |
Definitely, there is free counseling to help the consumers and solve the related debt problems.
If you need further clarification, we will be pleased to assist you in this matter.
Please fill our short registration form at the home page of this site to start using the services of the debt consolidation program.
Regards
Roxette
debt consolidation
Hi su
Welcome to forums.
Since you have multiple questions,i will answer it in steps.
Step1:
Yes service is insured and bonded once the retainer fees are paid off.
Step 2:
Yes the client accounts are held in seperate trust accounts specifically in major FDIC insured financial institutions.
Step 3:
Generally after a lump sum amount is there in your personal account money is transferred from your account to the creditors account.In this way your debt is cleared off and if you have anything left in your personal account after the consolidation program is over will be returned back to you.
Step 4:
Of course financial counseling and educational programs are offered before you sign up in the debt consolidation program. After a proper counseling you will allowed to participate in the consolidation program.
Please feel free to come in this community with your queries.
All the best
Peter
