http://creditcardsandchecks.com/how-to-pay-off-credit-cards-enrolled-in-a-debt-management-program/ Information on saving money on your Credit Cards and Checks Wed, 05 Aug 2009 07:27:13 +0000 hourly 1 http://wordpress.org/?v=3.0.1 http://creditcardsandchecks.com/how-to-pay-off-credit-cards-enrolled-in-a-debt-management-program/comment-page-1/#comment-122 blondeboch Fri, 16 Jan 2009 12:17:01 +0000 http://creditcardsandchecks.com/how-to-pay-off-credit-cards-enrolled-in-a-debt-management-program/#comment-122 Pay off the cards but keep the accounts open. You earn points for having an account that is kept current (no payments more than 30 days late). This includes an account with a zero balance. A credit report will reference the account's high balance and current balance. If any of your cards have a yearly fee, I'd go ahead and close those ones. Pay off the cards but keep the accounts open. You earn points for having an account that is kept current (no payments more than 30 days late). This includes an account with a zero balance. A credit report will reference the account’s high balance and current balance. If any of your cards have a yearly fee, I’d go ahead and close those ones.

]]> http://creditcardsandchecks.com/how-to-pay-off-credit-cards-enrolled-in-a-debt-management-program/comment-page-1/#comment-121 IndyMom Wed, 14 Jan 2009 02:38:12 +0000 http://creditcardsandchecks.com/how-to-pay-off-credit-cards-enrolled-in-a-debt-management-program/#comment-121 The Credit Counseling company will probably get you a better price in the long run because they will negotiate a lower rate than you can. But, you are being charged a very large amount of compounded interest on every dollar that you owe them for every Month that the amount is owed. Let Mom and Dad help IF the interest rate and terms are better than you are currently paying the credit card companies. And, if you can afford to pay all of your bills iccluding that payment. Remember that the credit counselor is making money on you, they will not always counsel you to your advantage. The Credit Counseling company will probably get you a better price in the long run because they will negotiate a lower rate than you can. But, you are being charged a very large amount of compounded interest on every dollar that you owe them for every Month that the amount is owed. Let Mom and Dad help IF the interest rate and terms are better than you are currently paying the credit card companies. And, if you can afford to pay all of your bills iccluding that payment. Remember that the credit counselor is making money on you, they will not always counsel you to your advantage.

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