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CreditorsIT's Debt Management Program establishes a repayment plan on your debt with your creditors, often at reduced monthly payments, reduced fees and reduced or eliminated interest rates. The end result being the majority of your payment now going to principal rather than interest, with the length of time it takes to payoff your debt drastically reduced.
This plan offers convenience in that the debtor makes a single payment to the plan, rather than having to make individual payments to each creditor. Additionally, if you are currently behind on your payments to a creditor, and are accepted onto our Debt Management Plan, most of your creditors will "reage" your account after a series of on-time payments so that the account is no longer reporting as past due.
A Debt Management Plan is intended for consumers who are current with their monthly payments to their creditors (or recently fell past due), are willing to pay back their balance in full and want to maintain positive credit, but are looking for ways to save money on a monthly basis as well as have their interest rates lowered.
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