Sentences with phrase «because in a debt management program»
While your payments will be less than they are today, they will be more than in a consumer proposal because in a debt management program you are required to back 100 % of your debts.
https://www.consumer-proposals.org/ Not exact matches
Back then when someone enrolled in our debt management plan (One - Pay program) they actually could have a substantial drop in their monthly minimum payment because the monthly minimum payments were higher from the creditors directly than they were in One - Pay.
When you enroll in a debt management program you no longer need to communicate with your creditors directly because the company will contact them on your behalf.
Filed through a Licensed Insolvency Trustee as an approved government debt relief program, you receive the same protections available through bankruptcy, however because you spread your payments over a period of up to 5 years, your monthly payments are lower than they might be in a bankruptcy, debt consolidation loan or debt management plan.
Even if their accounts stand frozen because they have already been placed in a debt management program, this person may still be in possession of other credit cards and be in a position to open and use new accounts.