Payment Plan

helen300

I have written to all of my creditors a week and a half ago,requesting that I make reduced payments and that they freeze the interest and charges. So far I haven't had any replies but what I want to check is,should I continue to make the requested full payments until I receive confirmation that they are in agreement with my proposals?

Thanks in advance

Tixy

Hi

If you can only afford the reduced payments that you have offered then you should start making those reduced payments now. If you carry on making the full payment they'll probably ignore your letters.

Often with payment plans they don't write to formally agree to reduced payments.