Can't Afford Debt Management Plan
Date: Wed, 05/02/2012 - 05:05
I have been in a dmp for 8 months. My payments actually went up by 200.00/month in the plan. I have been making payments, but I can't keep up with it any longer - struggling to make the payment and falling behind, borrowing money from EVERYONE. credit counseling service says that the payment can not be lowered - CC companies base plan on balances. Can anyone give any suggestions? I feel like my only option is to quit the program and quit paying, but that will lead to default...
Have you looked at your credit report? It's likely your score i
Have you looked at your credit report? It's likely your score is already affected due to the DMP. If you stop paying and stockpile the money, will you have saved enough to pay everyone off at around 50%?