How it works
ID #1012
Can l keep my credit cards?
We ask that you include all unsecured debt over $500 in our program. All of your cards that we are negotiating must be closed for the program to work. In addition, you cannot apply for further credit or use credit while on the program. The goal of the program is to get you completely out of debt in as little time as possible. We can make exceptions in limited circumstances. The reason you cannot keep a card open that carries a balance greater than $500 is that if your other creditors see that you are carrying balances on other cards and making timely payments with interest - and they can see this on your credit report - they will not be willing to negotiate with us. Their attitude will be, "Why should I negotiate a reduction in the amount owed when you are paying your other creditors on time?"
Tags: credit cards
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ClearOne Advantage is an accredited member of (TASC) The Association of Settlement Companies. This trade association has developed a standardized industry disclosure for consumers. Membership in TASC as a vendor does not mean that TASC, its Board of Directors, or any of its member companies has approved or reviewed any of the business practices of the vendor. Each customer of this vendor should exercise their own diligence as to legal and business issues prior to use. |
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