Can my creditor increase the interest rate on credit card if I get out of the debt repayment plan?
Date: Tue, 09/13/2016 - 00:49
Can my creditor increase the interest rate on credit card if I get out of the debt repayment plan?
I have enrolled in a debt settlement program just last month. Can my creditor increase the interest rate if I get out of the debt repayment plan.
They can pretty do whatever
They can pretty do whatever they want if you are not paying on their terms
Re: Can my creditor increase the interest rate
Your debt settlement company might have negotiated your outstanding credit debt into a lower amount with the credit card company. So, if you want to get out of that debt repayment plan, there's a greater chance that your credit card issuer may increase the interest rate.
