Debt consolidation program infographic from the view of a debtor
DEBT CONSOLIDATION PROGRAM (From a debtor's perspective) DERT Not able to make more than minimum monthly payments Approaches a consolidation company to repay 3*ccs CONSOLIDATION COMPANY *cc Credit Card Negotiates with Cc companies to reduce interest rates Assesses financial condition of debtor Decides upona monthly payment as per debtor's capability CCI CC2 CC3 Makes the required payment to the company Agree to reduce interest rates Distributes the amount as per agreement BECOMES DEBT FREE WITHIN A DEFINITE TIME PERIOD By-DebtConsolidationCare DEBT CONSOLIDATION PROGRAM (From a debtor's perspective) DERT Not able to make more than minimum monthly payments Approaches a consolidation company to repay 3*ccs CONSOLIDATION COMPANY *cc Credit Card Negotiates with Cc companies to reduce interest rates Assesses financial condition of debtor Decides upona monthly payment as per debtor's capability CCI CC2 CC3 Makes the required payment to the company Agree to reduce interest rates Distributes the amount as per agreement BECOMES DEBT FREE WITHIN A DEFINITE TIME PERIOD By-DebtConsolidationCare DEBT CONSOLIDATION PROGRAM (From a debtor's perspective) DERT Not able to make more than minimum monthly payments Approaches a consolidation company to repay 3*ccs CONSOLIDATION COMPANY *cc Credit Card Negotiates with Cc companies to reduce interest rates Assesses financial condition of debtor Decides upona monthly payment as per debtor's capability CCI CC2 CC3 Makes the required payment to the company Agree to reduce interest rates Distributes the amount as per agreement BECOMES DEBT FREE WITHIN A DEFINITE TIME PERIOD By-DebtConsolidationCare DEBT CONSOLIDATION PROGRAM (From a debtor's perspective) DERT Not able to make more than minimum monthly payments Approaches a consolidation company to repay 3*ccs CONSOLIDATION COMPANY *cc Credit Card Negotiates with Cc companies to reduce interest rates Assesses financial condition of debtor Decides upona monthly payment as per debtor's capability CCI CC2 CC3 Makes the required payment to the company Agree to reduce interest rates Distributes the amount as per agreement BECOMES DEBT FREE WITHIN A DEFINITE TIME PERIOD By-DebtConsolidationCare DEBT CONSOLIDATION PROGRAM (From a debtor's perspective) DERT Not able to make more than minimum monthly payments Approaches a consolidation company to repay 3*ccs CONSOLIDATION COMPANY *cc Credit Card Negotiates with Cc companies to reduce interest rates Assesses financial condition of debtor Decides upona monthly payment as per debtor's capability CCI CC2 CC3 Makes the required payment to the company Agree to reduce interest rates Distributes the amount as per agreement BECOMES DEBT FREE WITHIN A DEFINITE TIME PERIOD By-DebtConsolidationCare
Debt consolidation program infographic from the view of a debtor
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