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 Posted: Sun Aug 10, 2008 8:06 pm Subject: credit cards |
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Are your credit cards shut off during debt consolidation?
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gforvour
Joined: 10 Aug 2008
Posts: 1
Debtcc Points: 21
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| Posted: Mon Aug 11, 2008 12:56 am Subject: |
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Your query is not clear to me.
Are you asking whether debt consolidation not including your credit cards will affect your credit card payments?
If you don't include your CCs in the debt consolidation program, then your payment schedule or payment amount will not get affected by any means.
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phoenix
Joined: 14 May 2008
Posts: 867
Debtcc Points: 5618
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| Posted: Mon Aug 11, 2008 4:30 am Subject: |
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I am not sure but it probably depends on the credit card company policy. If your credit cards are in consolidation, you wouldn't want to use them anyways. Just more debt to pay back.
_________________
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spatterson_40
Joined: 04 Jan 2008
Posts: 380
Debtcc Points: 4299
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| Posted: Wed Aug 20, 2008 3:50 pm Subject: |
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Yes, I believe you won't be able to use your credit cards during debt consolidation. Which probably is a good thing so you don't charge them all up again.
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lorikristen
Joined: 19 Aug 2008
Posts: 9
Debtcc Points: 80
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| Posted: Wed Aug 20, 2008 3:52 pm Subject: |
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yes, you cannot use them
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mattfish
Joined: 20 Aug 2008
Posts: 4
Debtcc Points: 35
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| Posted: Wed Aug 20, 2008 6:20 pm Subject: |
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All of our credit cards were shut off when we joined our dmp. Which I think they should be. If you are in trouble you certainly should not charge anymore. That's the idea of the plan, to get you out of debt.
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lmale
Joined: 28 Mar 2008
Posts: 546
Debtcc Points: 3979
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