Have about $45k of CC debt on mostly Chase consumer cards, a few Citi consumer, one Amex consumer, and two business (Chase and Amex). Credit score is mid 600s due to high utilization. Stopped using all cards back in January and have been making minimum payments until last month when I was finally able to start an avalanche. I'm considering a DMP because of the promise of lower total interest payments.
Does anyone have any recent (within the past 12 months) experience being on a DMP with Chase, Citi, and/or Amex as creditors? What got reported on your credit report? Did all of the creditors accept the terms or did some push back? Which company did you use for your DMP?
Thanks!
It will be reported on your credit report that you're paying off your debts through DMP. Don't worry about it.
Sub: #1 posted on Mon, 08/20/2018 - 21:35
(Posts: 394 | Credits: )
It will be reported on your credit report as you have opted for a DMP.
Sub: #2 posted on Thu, 08/23/2018 - 04:32
(Posts: 467 | Credits: )
Sub: #3 posted on Fri, 08/24/2018 - 04:55
(Posts: 1234 | Credits: )