Creditors are paid individually, but the cumulative interest rate is lower. In other words, the ACCC is a liason between you and your creditors. Most people file bankruptcy to escape bill collectors, not because they have too much debt. ACCC is an alternative to filing bankruptcy. Most people do not want to file bankruptcy, but they think it is the only answer.
Many people are able to avoid the bankruptcy mistake by enrolling in our program.
I am not behind on my bills, but I am barely making it and my balances never seem to go down. Most creditors realize that it is well worth working with people who realize a problem may be on the horizon. No, those accounts are closed.