You then make one monthly installment to the consumer
Posted on November 2, 2008
You then make one monthly installment to the consumer credit counseling organization and they then pay each one of your creditors for you. The downside to this option is even though they lower the APR on your credit card balances you could still pay back as much as 125% of what you actually owe. Debt relief is not the best thing to do if you can actually make your payments.
Tags: consumer counseling, consumer credit counseling, credit card balances, creditors, debt relief, downside, organizationFiled Under Finance |
Leave a Comment
If you would like to make a comment, please fill out the form below.
You must be logged in to post a comment.