What exactly is Credit Manager and how can it dictate terms to creditors?
Credit Manager is a debt counseling program intended to relieve the pressure placed on individuals who are having trouble making the required payments on their unsecured debts. These debts include all unsecured credit cards, medical bills, personal loans, etc. The first step is for a Debt Counselor with one of the enrolling companies to determine that the applicant qualifies for the program and that they are truly in need of our services and that they fit within the program guidelines. Next, that Debt Counselor determines how much you can actually pay each month on these debts. This ability to pay typically is less than what normally would be required. This Enrollment Agreement is sent to NCDE for review and final approval. NCDE then acquires the Power of Attorney to handle these debts for you, and so notifies each creditor. NCDE then arranges a monthly payment with each creditor. Once this process is finished, you stop making payments to these creditors and instead make one monthly pa
