Who controls the monthly savings account allocation to ultimately settle the accounts with my creditors?
A. You do! No funds can be dispursed for settlement without your consent. The Account is set up as your individual trust account. Once funds start to accumulate in that account and enough is accumulated our negotiators will begin contacting the appropriate account to begin negotiations. Once we get offers, we will call you for final approval. If you agree to the settlement amount, We will request a settlement letter for the dollar amount agreed upon in order to settle your outstanding balance. You will then approve the dispursement of the funds from your personal trust account. Typically, the creditors will require these funds to be in their office within seven to ten business days from the receipt of the settlement offer, some faster. Your Settlement Advisor will discuss the particulars of each settlement as they occur. Q.
