Creditor Finance Charges
Will creditors continue with their finance charges?
Some creditors will stop or reduce their finance charges or other fees for clients on a Debt Management Plan. Policies about reducing or continuing finance charges vary from creditor to creditor. We work with credit card companies, medical debt, payday lenders, collection agencies and other creditors.
Many creditors will accept reduced payments from individuals for a short period of time. If creditors stop or reduce their finance charges this can significantly increase the benefit of being on a debt management plan.