Common Questions
1.
What is credit counseling?
2.
What is debt consolidation?
3.
What is a debt management program?
4.
How can a debt management program lower my monthly payments?
5.
What kind of savings can I expect through credit counseling/debt management?
6.
How long does it take to get out of debt with a debt management program?
7.
What types of debt do debt management plans handle?
8.
How will a debt management program help me?
9.
How does a debt management program typically work?
10.
Does credit counseling/debt management require good credit?
11.
What happens when I receive credit counseling?
12.
What happens when I start a debt management program (DMP)?
13.
How do debt management programs differ from bankruptcy?
14.
Why is it that monthly payments are typically lower when participating in a debt management program?
15.
Will my creditors work with a debt management program?
16.
Will debt management stop creditors from calling?
17.
Will signing up with Credit Advisors affect my credit report?
18.
Can I still use my credit cards?
19.
What type of bills does Credit Advisors handle/pay?
20.
How much does a debt management program (DMP) cost?
21.
How much does credit counseling cost?
22.
What happens to my credit if I use a debt management program?
23.
If I join a debt management program do I have to pay all at once?
24.
Can I negotiate with creditors on my own?
25.
How can I receive credit counseling or start my debt management program?
26.
Should I consider getting a loan instead of credit counseling and/or a debt management program?
27.
Why should my creditors lower my payments and monthly interest?
28.
Will creditors come after me when I am in debt management program?
29.
What’s the difference between debt management and credit counseling?
30.
What is secured debt?
31.
Are debt management programs completely legal?
32.
How do I choose a credit counseling service?
33.
Is Credit Advisors Non-Profit?
34.
How can I be assured that Credit Advisors is paying all my bills?
35.
What happens if I miss a payment to Credit Advisors?
36.
What should I do if a creditor calls me at home or work?
37.
Should I list every creditor when I apply or can I leave some off (for example, one of my credit cards)?
38.
Should I list my car payment?
39.
Can I make a double payment?
40.
Will I still get monthly statements from my creditors?
41.
What advantages does CA provide over most other counseling agencies?
42.
How can you get people out of debt so fast?
