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consumer credit counseling service
While a debt repayment plan can eliminate much of the stress that comes from
dealing with creditors and overdue bills consumer credit counseling service,
it does not mean you can forget about your debts. consumer credit counseling service
You still are responsible for paying any creditors whose debts are not
included in the plan. consumer credit counseling service You are
responsible for reviewing monthly statements from your creditors to make sure
your payments have been received. consumer credit counseling service If
your repayment plan depends on your creditors agreeing to lower or eliminate
interest and finance charges consumer credit counseling service, or waive
late fees, you are responsible for making sure these concessions are reflected
on your statements. consumer credit counseling service
A debt repayment plan does not erase your negative credit history. consumer credit counseling service
Accurate information about your accounts can stay on your credit report for
up to seven years. consumer credit counseling service In addition, your
creditors will continue to report information about accounts that are handled
through a debt repayment plan. consumer credit counseling service For
example, consumer credit counseling service creditors may report that an
account is in financial counseling, consumer credit counseling service
that payments have been late or missed altogether, consumer credit counseling service
or that there are write-offs or other concessions. consumer credit counseling service
A demonstrated pattern of timely payments, however, will help you get credit in
the future. consumer credit counseling service