are you like other companies where you make monthly payments – theresa

have 40,000 unsecured debt. Mostly used credit cards to live on for years due to some short time at work for me and my husband

are you like other companies where you make monthly payments

—theresa

Hi Theresa,

I can interpret your question in 2 different ways.

Does CRN make monthly payments to your creditors on your behalf?

No. That would describe a debt management plan offered by Consumer Credit Counseling firms. If that is what you are searching for, I would recommend you contact Safegueard Credit Counseling. You can also call them direct: (800) 673-6993.

Does CRN set up an account for you with a third party like Noteworld or Global Client Solutions where you deposit a set monthly payment in order to later fund settlement offers?

No. CRN does not utilize third party escrow accounts. These types of accounts are used by the majority of settlement companies  as a means to:

  • Assist you in saving each month
  • Extract their monthly upfront fee each month

Utilizing accounts like these are not a bad thing. The upfront fees that are extracted by most companies you might hire are.

I will be better able to assist you further if you could tell me which context your question refers to; Debt Settlement or Debt Management.

CRN does provide full service debt settlement. Our fees for that service are charged on a contingency basis after we get results that you accept and fund from your own account. Our success fee is 15% of what we save you.

You are welcome to complete a consultation request or call us at 800-939-8357 and choose ext. 3 to schedule a time to speak with a CRN specialist.

You can also reply to this with additional details so that I can assist you further.

Best,

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