| 1.
Does bill Consolidation hurt my credit? |
| As long
as you make your payments through us on time, most creditors will continue
to report you as current to the credit bureau. |
| |
| 2.
Why can I not do this on my own? |
| Budget
Counselors works with hundreds of creditors throughout the country and we
send them payments on behalf of hundreds of people just like you. As a consumer
credit counseling agency, most creditors welcome consumer's attempts to
consolidate! |
| |
| 3.
My payments now are due at different times. How do you handle that? |
| One of
the many benefits of bill consolidation is that you can pick what part of
the month (or biweekly) when you want to pay your payment. We will then
notify the creditor of the disbursement date of your payment and handle
it from there. |
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4.
What do I do with the statements?
|
| Send the
statements to us every month (copies or originals) so we can monitor your
creditors for you and make sure they honor the new and more favorable terms
we arrange for you. |
| |
|
5.
How do I know that my bills are being paid?
|
| You will
continue to get your statements each month showing the payments we are making
for you. More importantly, THE NEW TERMS we arrange for you will also appear
on the statements. This way, you will see yourself making a lot more progress
in paying down the debt each month as more of the payment amount will go
to principal, not interest! Through MCR Budget
Counselors Credit Services Inc., you are able to
utilize our bill auditing service, which will monitor
all account activity on your behalf - a major benefit
thus helping to insure all the new terms arranged
through MCRBC are being honored. |
| |
| 6.
What do I do if I have more questions? |
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