By getting your creditors to reduce their high interest and fees you can become debt free years quicker than you would on your own. We tell the creditors you have a sincere desire to get out of debt and ask them to help. The accounts included in your debt management plan are closed until you are debt free. Payment proposals will be mailed or faxed to your creditors once your enrollment in completed. Yes, any creditors who contact you should be advised of your plans.
Major creditors are usually supportive.
Participation in a debt management plan may affect your credit rating either favorable or unfavorable, according to your creditors policies with respect to the plan and your payment history prior to and during your participation in the plan. Yes, on or about the 28th of each month. Our fees are based on a sliding scale and there is never any charge unless you enroll in our Debt Management Plan. Unlike other credit counseling agencies, we have no hidden charges. Absolutely, trust is one of the reasons people choose Family Credit Counseling Service.