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What is a fixed monthly consolidated payment

The "fixed monthly consolidated payment" is specifically calculated to provide the client with an affordable budget while allowing the client to sustain a reasonably comfortable standard of living. It also provides the client with a consistent and exact dollar amount in which to budget monthly. Clients need only draft a single check each month to ultimately liquidate all their accounts placed in the program.

Aside from increasing the payment, the fixed monthly consolidated payment also provides the quickest means to liquidate the client's debts. When accounts, small or large, are paid off, credit counselors then systematically apply the excess amount to other debts remaining in the program. This method not only accelerates liquidation, it can result in reduced interest charges, benefiting our clients with additional savings.