Are the creditors really willing to work with consumer credit counseling agencies?
Absolutely. Most creditors are very supportive of consumer credit counseling agencies, as we are able to talk with the consumer to set up their payment arrangements. The creditors realize that to most people, consumer credit counseling is the last alternative before bankruptcy, so they are happy to be receiving payments. Creditors also realize that people can get stressed and disorganized having to pay 10 different creditors different amounts at different times of the month. Paying a third party just “one” monthly payment facilitates your repayments to all of your creditors.
