It is important to remember that although you signed up for the program to begin payments on the 20th, your payment is not disbursed to creditors until the regular disbursement on the 30th of the month. It is essentially for the following month's billing cycle. CC&BC advises you to make the minimum payments on your accounts, to avoid late fees for this first month.

The benefits outlined in your Debt Management Program do not happen overnight. The first month of the program CC&BC sends written proposals to all of your creditors. It generally takes at least thirty days for creditors to respond to these proposals. Some creditors take even longer. Once the proposals get accepted and they receive payments of these acceptable amounts, then you will see the benefits of our program reflected in your monthly statements you will likely continue to receive from your creditors.

What Else to Expect