How do the bank morgage creditors actually get paid?
A. When a client decides that this is the best program for them, we set up a special “debt settlement account” at a federally insured bank, which is in the client’s name. The sole purpose of this account is to house the money the client pays toward settling debt on a monthly basis. Once enough money is accumulated, we will use it to negotiate with the creditors one at a time. All payments to the creditors will be made from this account.
