November 20th 2008 You then make one monthly payment to the credit
You then make one monthly payment to the credit counseling firm and they then make your payments to each one of your creditors for you. The drawback to this method is even though they reduce your interest charge on your credit card balances you might still pay back as much as 135% of what you actually owe. Stay out of debt with debt settlement and do not get put back into debt anytime soon.