Changing monthly payment amounts
by Velma Janette
(Royston, GA, USA)
If a collection/Attorney in charge of your previous deliquent credit card account only gives you a two year window to pay back a balance that is being automatically drafted from your checking account on a certain day of the month, and the person comes into a situation where they cant afford that high monthly amount and because of a loss in work hours or because they cant afford the high monthly payment for whatever reason, is it still mandatory that you still have to pay that same amount because the credit card collecting agency says that they cant change your monthly payment to a two year plan instead of the one year plan that your originally agreed upon? THis happened to me when my hours at work was cut and I wasnt bringing home what i had been, and they wouldnt work with me on a lower payment or extending the loan out over two years instead of the one year plan that i originally agreed upon. I was told that it had already been before the judge and that it couldnt be altered. It takes an entire week of work to pay my monthly payment of $453.00. Thank you for your time in answering my question. God bless you!