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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 Fri, 09/16/2016 - 06:51

SOAPLADY SOAPLADY
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(Posts: 17209 | Credits: 4746.14)

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 - 19:15

tiarajoseph11 tiarajoseph11

(Posts: 171 | Credits: 29.53)

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