Thursday, January 20, 2005

 

How does the Debt Consolidation Program work?

Each debt consolidation company has its own way of working. However, their mode of working follows a general principle. Once you apply for a debt consolidation program, the debt consolidation company assigns a debt counselor for you. The debt counselor will go through your application and your preliminary online quote and then prepare a debt management plan for you. The counselor will then contact you for the new monthly payment structure and verify your preferred payment date. Once you sign-up, the counselor will then contact your creditors and make the payment arrangements.

But, before you sign-up, you should get quotes from at least 3 to 4 debt consolidation companies to find out the best possible offer. Visit http://www.debt-consolidation-loans-credit-card-debt-reduction-services.com to get a quote from the best debt consolidation companies on the Net.

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