If I'm in a program of debt management, I can pay more than normal on my credit cards?
So I have a Bank of America Visa with approximately $ 6,300 at 13%. The account was closed by a program of debt management. And I paid monthly payments through the DMP. I want to make a payment on visas more than the monthly payment. But I can not pay the entire balance. I wanted to pay about $ 1,000. Just to reduce the principle. But I remember Credit Counseling tells me not to do so. They said that this shows that I have money and BOA could not enforce the agreement anymore. Do I confidence that the credit counselors? Or make a payment directly to Boa? And do you think corporate credit cards are bad? JK
I would actually say yes, respect the credit counselor. card companies are famous for retracting settlement amounts and monthly payments, especially if they see that you have money. They will wonder why they made the rules. It is good that you want to pay more now, but in the eyes of the creditor, they like, "Why wasn't paid like that originally?" Think this way, you make the payment you plan to do now BOA breaks and the settlement agreement in a few months, you run into a wrong place again, and can not pay what they expect you to pay, a lot of interest again, the guy below me has not thought of that. BAD ADVICE. My info comes from someone who has an agency recovery, and know more what you're talking about. I work with counselors debt every day, even if sometimes they seem to know much, a good portion of them are very well informed.
Debt Management Credit Counseling Corp
