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Can you make bi-weekly payments in debt management program?

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Can you make bi-weekly payments in debt management program?

You can make bi-weekly payments to the debt management company, provided they allow you to do so. Your creditors expect a payment every 30 days. The debt management company chooses a date on which they make payments every month to your creditors after taking out the money from your account.

Sub: #1 posted on Mon, 07/25/2016 - 04:48

Phil Bradford Phil Bradford

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One of the advantages of enrolling in a debt management plan/program (DMP) is that you can make a single monthly payment towards paying off your multiple debts. Usually in a DMP, you agree to pay a certain amount to the debt management company or the counseling agency once a month. So, if it's easier for you to make bi-weekly payments, then have a talk with the company. However, make sure you have the desired amount at a certain date every month, when the company deducts money from your account to make the respective payments to the creditors as per agreement.

Sub: #2 posted on Tue, 07/26/2016 - 04:01

Good Nelly Good Nelly
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Simple a/your debt management program and ask them.

Sub: #3 posted on Sun, 07/31/2016 - 19:08

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