What kind of debt reduction or debt elimination concessions do creditors offer?
Concessions vary depending on the creditor. Many creditors offer debtors on our program concessions such as lowered or eliminated interest rates, removal of late fees, and/or re-aging of your account. However, keep in mind that most creditor concessions do not go into effect until you have made at least three to six consecutive monthly payments on the program. The creditors want to know that you are serious about eliminating your debt and that you intend to make consistent, on-time payments. If you still are not seeing concessions on your statements from your creditors after you have made several payments on the program, please contact our Customer Service Department so that we can contact your creditors.
