Debt consolidation

Date: Thu, 05/04/2006 - 14:03

Submitted by anonymous
on Thu, 05/04/2006 - 14:03

Posts: 202330 Credits: [Donate]

Total Replies: 3

I am about to apply for debt consolidation with a 501.c3 company (United Financials), I need to reduce my monthly payments temporarily, does anybody know if I can go into this program and get out of it at any time, they have mentioned to me that It is possible. I will appreciate any information. Thanks :shock:

Hi cvera Most companies allow quitting the program without an

Hi cvera

Most companies allow quitting the program without any charges. You can sign the program and you have the choice to leave it whenever requested. This point will be mentioned in the contract also you sign with them. Have a look..

lrhall41

Submitted by john on Thu, 05/04/2006 - 14:18

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cvera, you should be able to leave the program at any time. How

cvera, you should be able to leave the program at any time. However, your interest rates will all revert back to what they were originally. If you leave early on in the program, and you were behind on your bills when you started, you be considered behind again if your accounts have not been re-aged. Finally, if you do leave, many creditors will not allow you to enroll in another dmp for a long period of time, some for as long as 5 years. A DMP is really meant to be a long term solution for you to pay off your debts completely, not a quick fix for you to get caught up and then revert back to old habits. Please take these things into consideration before enrolling. But yes, you can leave at any time.

lrhall41

Submitted by dmj210 on Fri, 05/05/2006 - 07:35

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Your email is being traced and reported for violating the Federa

Your email is being traced and reported for violating the Federal Anti-Spam laws

lrhall41

Submitted by Frogpatch on Mon, 02/04/2008 - 06:53

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