Share post
Share
Debt Consolidation Forums Debt Problems forums

Will the creditors to agree if payment is done after few months?

Date: Thu, 07/04/2019 23:14
member profile picture
Posts: 1
Credits: 0
[Donate]

My friend Nancy is in debt and she has been laid off as well. Will the creditors accept if she tells them that she can make the payments once she gets a suitable job. The amount is somewhat $9000 all total. Most likely she'll get a job; otherwise she'll start doing part-time for the time being.




See there is no option right now. So it's best to tell creditors about the situation. If your friend is a responsible borrower, then creditors may agree to give some time or create an affordable payment plan for her. In most cases, creditors offer a hardship plan to debtors when they are genuinely in financial problems.

Sub: #1 posted on Fri, 07/05/2019 - 00:25

Nick Jonas Nick Jonas

(Posts: 231 | Credits: )

If she has some savings, then ask her to request to the creditors for settlement. She can sell some items to manage the money. Or, she can enrol in a debt settlement plan to get out of debts.

Sub: #2 posted on Sun, 07/07/2019 - 22:15

sanderspatricia29 sanderspatricia29

(Posts: 981 | Credits: )

During the first 3 to 6 months of nonpayment, she will receive snail mail and phone calls from her creditor. After that, most likely, her creditor will sell off her debt to a collection agency. I would suggest her to look for a full-time or part-time job immediately! And then she can opt for debt consolidation to pay off her debt with ease.

Sub: #3 posted on Tue, 07/09/2019 - 22:52

Craigh.terry Craigh.terry

(Posts: 46 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.833 seconds.