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Can my creditor increase the interest rate on credit card if I get out of the debt repayment plan?

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I have enrolled in a debt settlement program just last month. Can my creditor increase the interest rate if I get out of the debt repayment plan.

They can pretty do whatever they want if you are not paying on their terms

Sub: #1 posted on Thu, 09/15/2016 - 18:21

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Your debt settlement company might have negotiated your outstanding credit debt into a lower amount with the credit card company. So, if you want to get out of that debt repayment plan, there's a greater chance that your credit card issuer may increase the interest rate.

Sub: #2 posted on Fri, 09/16/2016 - 06:45

tiarajoseph11 tiarajoseph11

(Posts: 116 | Credits: 23.97)

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