F.A.Q.

CREDITOR PLANNED REPAYMENT PLAN
What types of debt can I consolidate?
Credit Cards, department store cards, collection accounts, charge offs and any other unsecured debt.

How are you able to lower my interest rates?
Your credit card companies have already supplied us with a platform as to how low they will drop your interest rates which allows more of your payment to go towards lowering your principal amount and less towards interest charges. 

Why are the creditors willing to do this?
Your creditors are willing to do this because they do not want to sell your accounts to a collection agency and lose money; they would prefer to keep you as a customer.  We have affiliations with over 50,000 creditors and because of our relationships with these creditors we are able to reduce and sometime even eliminate your interest rates thus saving you thousands of dollars all the while helping you to become debt free in as little as 36 months.

How is creditor repayment vs. a mortgage loan?
Most loans have to stretch out the payment terms to 10, 20 or 25 years to lower your overall monthly payment.  Keep in mind mortgage loans will turn your unsecured debt into secured debt.  If something happens and you can’t pay your debt due to health reasons, unemployment, etc., you run the risk of losing your home.  With creditor repayment, you are consolidating your bills into one low monthly payment as well as lowering your current interest rates without collateral.

Can I pay more than the minimum amount?
Of course, the amount we have given to you is the minimum the creditors will accept but if you pay more than that you can get out of debt faster.

What if I want to pay off all or some of my creditors?
It is always best to pay in full through the program. We will contact your creditors and request pay off balances for you.  Simply call our Customer Service department and we will assist you in the process.

When one creditor is paid off, what happens to the money that was being paid on that account?
That is the best part of our program, we enroll your accounts into the accelerated plan, what that means is when one account is paid off, we take that money and apply it to the next account with the highest APR which stops your creditors from dragging the debt out for years and years.

Will I still receive statements from my creditors?
Your creditors will continue to send monthly statements to show the payments disbursed by our agency, changes in your interest rates and the balances going down.  Please monitor your statements monthly and contact Customer Service when you notice any changes.

How important is it for me to check my statements that my creditor sends me each month?
It is extremely important because we do not receive your monthly creditor statements and we need to ensure you are getting the full benefits of the program.