You can't pay off secured debt
through a debt management plan.
Don't worry. Your house won't be taken away to repay your creditors.
A debt management plan helps you to pay off only unsecured debts by
lowering your interest rates. It gives you a customized budget plan so
that you can save money and manage your debts comfortably.
DMP can only manage your
unsecured debt like credit card bill, medical bills, payday loans,
personal loans, etc. Secured debts like a mortgage or car loan can't be
paid off through a DMP.
Also, as Nick said, your house won't be taken away to repay any of the
debts.
You can't repay your secured
loans through a DMP. Remember, your credit card debts are unsecured
debts. If you are worried about your credit card debts, then the
creditor can't take away your house. You can enroll in a DMP to repay
your credit card debts.
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Don't worry. Your house won't be taken away to repay your creditors.
A debt management plan helps you to pay off only unsecured debts by lowering your interest rates. It gives you a customized budget plan so that you can save money and manage your debts comfortably.
Sub: #1 posted on Thu, 12/20/2018 - 23:41
(Posts: 428 | Credits: )
Also, as Nick said, your house won't be taken away to repay any of the debts.
Sub: #2 posted on Fri, 12/21/2018 - 23:59
(Posts: 470 | Credits: )
Sub: #3 posted on Sat, 12/22/2018 - 03:33
(Posts: 1239 | Credits: )