Can I use credit while being in debt consolidation?
Date: Thu, 05/10/2007 - 12:59
and how long its gonna take for $11000
After you have included the accounts in the consolidation progra
After you have included the accounts in the consolidation program, it will be closed or frozen until they are paid off. The purpose of doing this is that you don't build in additional debts when you are following a fixed payment plan. When everything is paid off, you will be able to use those accounts back again.
The tenure of the program depends upon your financial situation and the plan set by you. Higher payments will complete the plan faster.
To add, you do not want to make more debt while you are trying t
To add, you do not want to make more debt while you are trying to pay off what you already have. That is really defeating the purpose of what you are doing. In my opinion, it would be very unwise to go further in debt when you are trying to get out from under it.
