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I wish I would have found this forum before I signed up with Ameridebt.. However, I've already signed up. I crossed out the voluntery fee section and wrote that I do not wish to contribute at this time on the contract before faxing it to them so I hope that I'm covered there.
I have a couple questions:

First let me say, I wasn't behind on any of my payments, the only reason I wanted to go with ameridebt was I wanted lower interest rates, and fewer payments to remember every month. The 19% interest rates were making it impossible to pay off any of the cards even though I don't use them any more. I have copies of my credit report from the 3 major agencies - I have 2 minor faults (30 days late) but other than that - everything else is good. My biggest problem is the amount of unsecured debt.

My counselor advised me not to make any payments on my cards even though they are due before the payment to ameridebt is due. I've already had 2 companies calling me on overdue payments. I explained that I was going thru Ameridebt and that they told me not to make separate payments - that they would handle all the negotiations with the credit card companies. I was informed that until a proposal was received by the credit card company, I would be considered overdue. I called Ameridebt and talked to my "counselor" who was rather put-out that I was questioning their practices. He said they couldn't submit a proposal without my first payment - which is due after several of the card due dates. I pushed and he finally agreed to "break the rules" and fax the proposal to the one company ahead of time. That was monday - I checked with the credit card company today and was told they hadn't received anything.

1) When I discussed the overdue situation with the "counselor" he assured me that all the accounts would be "re-aged" and wouldn't reflect on my credit report as being late. What exactly is "re-aging" an account, and, is this something they can do?

2) If I do decide that they aren't living up to their promises and want to no longer use them, how do I go about contacting the creditors and making my own payments under the same agreements as ameridebt sets up? I noticed that a couple people have stated that they managed to do this.. I would appreciate some info - I have a feeling that I will need it.

thanks so much,

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