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1.
Are there any qualifications to use this service?
No, this is not an extension of credit. Your credit
rating is not a factor. You need only enough regular income
to enable ABC to create a balanced budget to pay your bills.
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2.
Can you help everyone?
We can help most people; however, there are some who have
waited too long. In that case, we may offer suggestions, so
that if followed, we may be able to help in the near future.
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3.
What is the interest rate?
We do not charge interest because this is not a loan. We
pay the bills as the money comes in from you. Our fees are
regulated by the Wisconsin Department of Financial
Institutions and printed plainly on our contract. We do not
ask for a "donation" as some services do to get
around the maximum amount they can "charge" as set
by the State of Wisconsin.
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4.
How long do I have to stay with ABC Budget?
ABC Budget offers a month to month service, use it as
long as you wish. Many clients continue to use the service
to pay their regular monthly bills after their debts are
paid. There are no cancellation fees or penalties.
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5.
How is ABC different from other companies I have seen
advertised?
There are many differences, but just to mention a few; we
are located in Wisconsin, which is where we are licensed.
The State of Wisconsin is very protective of the consumer
with it's licensing and makes sure that any company located
in Wisconsin and licensed
by them meets strict guidelines to protect the consumer. Our
fees are regulated and audited by the State; many states do
not have licensing of this type and the services can charge
what ever, and how ever they wish.
ABC Budget is a complete bill paying service. We
pay all the bills of the household, not just the credit
cards. This ensures that every bill gets paid every month
and is kept up to date. This allows us to make arrangements
with creditors that others may not be able to make. With
over 35 years of experience, we have found that using services that pay
only some of the bills, eventually leads to problems with the
rest of the creditors not getting paid. We would not
consider that type of service a complete, personal bill
paying service.
We pay bills daily, not just once or twice a month, so your bills
arrive by their date due. This eliminates changing the due
dates on all of your bills or floating checks at the bank.
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6.
If I use ABC Budget, will my creditors view this negatively?
On the contrary, ABC enjoys an excellent reputation and
cooperation with creditors nationwide. Some refer clients to
us, because they know that if their customers are using our
service, they will get a payment every month.
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7.
Will using ABC Budget negatively affect my credit rating?
If we renegotiate the payment arrangements with your
creditors and make payments as planned every month, it will
not negatively affect your credit rating. In fact, in most
cases it will improve your credit rating.
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8.
Will I receive personal, one-on-one service?
Each client works directly with the counselor assigned to
their account. This allows personal relationships to form.
By doing this, you develop a connection with your counselor
and it becomes easier to discuss changes in your budget,
work out problems, and ask questions. Your personal
counselor is there to insure that you are never left feeling
like a number.
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