How To Become Debt Free
If you have chosen or soon will choose a credit counseling agency to represent you, one of the pleasant surprises in the DEBT FREE process is the manner in which all of the financial duties pertaining to processing your statement accounts are handled by your new non-profit advocate. The non-profit advocate should be a certified, licensed, 501(c)(3) certified credit counseling agency.
If you choose to utilize their services, once a month you send to the credit counseling agency a pre-determined monthly payment (which includes a minimum administrative fee) and they process your funds through a trust account, prepare the payments and process to your creditors as you agreed.
Because of their vast staff and processing efficiencies, your accounts are expertly handled and your creditors are timely paid. It is a wonderful way for you to take the critical steps of paying off your debt, regaining creditor confidence and actually enjoy the process that for so long you dreaded..