Will my bills be paid off ?

Hi kingsley

Welcome to the forums. Yes, after enrolling in the debt consolidation program, your multiple creditors will be paid proportionately from your installments each month. The creditors will be providing you the financial statement of your account and you will be able to know the latest standing of your accounts. You will also be able to calculate the amount left to clear the account with the creditors. After your account is paid in full, the creditor will inform to the bureaus about the completion of your payments. Your account will be shown as ???paid in full??? in your credit report.

Also the debt consolidation company will be sending you the consolidated statement of all your payment details to your multiple creditors.

The success of the debt consolidation program depends on reducing the overall debt of the consumers substantially and you will be informed about the status of each of your accounts.

Please let me know if I can further assist you in any of your debt related queries

Regards
Roxette