The Role Of A Counselor In A Debt Consolidation
If you have decided to get a Debt Consolidation, there are many things you should know. Firstly, you will meet a credit counselor. Don’t feel embarrassed and tell him all the information needed about your current bills, the latest statements. Do not forget to show him a proof of your income and other living expenses. The counselor will contact all of your creditors and negotiate for lower interest rates, lower payments. From now on you will have one monthly payment to the company who will disperse the funds to your creditors. There is a golden rule:”Even one payment that is late or missed completely will negate any agreement with your creditors!”
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