Interest rates
Date: Wed, 07/22/2009 - 15:22
Will credit card companies stop charging interest if I settle and make payments?
A settlement is usually a lump sum paid at one time. Some settl
A settlement is usually a lump sum paid at one time. Some settlements will allow you to make 2 or 3 payments but no, once a settlement is agreed upon, then all charges stop. If you fail to make the payment as agreed then everything goes back to the way it was.
Until a settlement is reached; however, interest charges and late fees will continue to accrue.
