You then make one monthly payment to the credit
On November 10, 2008 in Finance
You then make one monthly payment to the credit counseling agency and they then make your payments to each one of your creditors for you. The fallback to this method is even though they lower your interest rate on your credit card accounts you might still pay back as much as 120% of what you currently owe. One debt negotiation service will be able to put you back on track off of the dreaded credit card debt treadmill.