What Happens When You Are 90-120 Days Late?

Hi Lawn, do you know if the CC in your dmp have agreed to the terms and the conditions of your debt management program? is this particular company you talk about involved with your plan? Your DMP should send you something that validates when your creditor accepts your programs repayment terms. If they haven't then they can still collect directly from you I think. When I was 90 days late (and even before then) my cc companies would call and call then I believe at 6 months my accounts would go into deliquency, (this happened due to my intermittent payments to them when I had the money I would send little in sporadically)thus, sending CAs after me. Your credit report will reflect when you're late 30, 60, 90 days and beyond that. I am glad to see that you're in DMP!!

Lawn- debtstinker is right- make sure your dmp has contacted them, and that they will work with the program.Sometimes they won't do anything but call and call you. Others will send it to collections, or if you are continually late-may sell it if they think they won't get theri money, or it is an old debt.

When you find out if they will work with the DMP-refer all calls from them to your company.

I had been 120 days late once- they sent it to collections, and I was able to pay it , before they sold it off!!..karen

Thanks guys!

Wasn't sure what happens after the 30-60 days, but you all helped!

90 days late they usualy send you to a collection agency, 120 it usualy reflects as a bad debt on your credit report. Sometimes it is 210 days for store cards.

lawn...I had 1 cc that was really late...I want to say at 90 days when I went into dmp..they sent a proposal but we didn't hear from them...finally my counselor called them and found it had been charged off and sold...however she was able to get a hold of the collection co. that bought it and they are now in the DMP.

Thanks FYI & Morning! I appreciate that!

Mine that are that late ended up as negative marks on my credit report. I am very lucky that only that has happened, and I hold my breath everyday that I don't get hauled into court. But, mine are much older that 120 days. I can't wait to get this mess cleared up so that I can stop being so paranoid. But, if everything works out ok, I will have some of them on a payment plan or some sort of a settlement plan starting in January. I am going to start with the smallest one first and work my way up!

Great plan, eleroo! I've noticed people posting that that's the way to go. Start with the small ones, then get them taken care of, then apply the money towards the next one. Great way to take care of your debt! :D

I'm glad you have a plan Eleroo! It sounds very logical!! Once you get one cleaned up it'll feel great & keep you motivated!

Thanks Cannr and LeeLee. :-) I have had it for awhile, but stupidly got pdls which messed my whole plan up for the past year!!! Boy, what a lesson to be learned! I never dreamed that $300 could end up causing such a mess. :shock:
Now I know better and will handle things differently. So this is going to be my year! :-) (I hope!!!)

eleroo, are you on your own plan? Or are you in a dmp? Or settlement plan, whatever it's called?