You then make one monthly payment to the consumer
11.15.08 - 04:36am
You then make one monthly payment to the consumer credit counseling organization and they then make your payments to each one of your creditors on your behalf. The drawback to this option is even though they lower your interest on your credit card accounts you could still pay back as much as 135% of what you currently owe. How low of a debt settlement can one achieve.