If you have been struggling with debt for any length of time, your past due balances may have caught up with you, even if you’re in a position to make monthly payments. Such a scenario is better solved if you have a solid financial plan at your disposal.
If your financial counselor is doing their job, he or she should persuade your creditors to lower the interest rates attached to your debts. As you continue to make monthly payments, a larger portion of this money will clear the principal balance.
The moment your creditors get wind of how you intend to repay your debts, thanks in part to your debt management plan, they will do away with the frustrating calls. In some instances, these calls may keep coming for several months since there is a lot of paperwork involved.