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Can my creditor increase the interest rate on credit card if I get out of the debt repayment plan?

Submitted by leatham on Tue, 09/13/2016 - 00:49
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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.


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.


Submitted by tiarajoseph11 on Fri, 09/16/2016 - 06:45

tiarajoseph11

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