The Approval Process.

Contrary to the claims of many credit counseling agencies, it is the lending institutions and creditors that determine the benefits that will be derived for consumers from a debt counseling or debt consolidation program.

The approval process that includes the benefits to the lower interest rates, lower monthly payments, re-aging the accounts to bring a favorable restoration of credit, are all determined by the creditors, not the consumer credit counseling agencies.

Each individual who enrolls in a debt consolidation program must meet the requirements of the creditors in order to qualify for a Debt Management Program. Creditors will differ at times widely in their particular requirements.

The assistance of a highly trained counselor is indispensable during the initial period of entering into a program. The fact remains that not all applicants are candidates nor will all succeed in the process of debt consolidation or debt settlement. Contact a counsellor today for a thorough review of your specific situation.