Your counselor will arrange a monthly payment that fits best into your monthly budget. You can even split your payment in half and pay twice monthly. That is no problem at all. Creditors just want to be paid. Most creditors will bring your accounts current, stop late and over limit fees, stop collection calls and stop or reduce interest.
High interest is the real killer.
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.