Creditor Information / Target
Telephone | 866-474-4680 or 888-755-5856 |
Payment Percentage of balance | If account has not been on a short tem payment plan with creditor, 1.9% of balance. If account has been on a short term payment plan, 2.35% of balance |
Payment Minimum Amount | $10.00 |
Charge Free Period | 1 mo |
Acct Required to be Open | 9 Mo |
CSP/Hardship programs | No |
DMP Interest Rate | 4% |
Waive late fees | Yes |
Waive over limit fees | Yes |
DMP benefits begin | Upon proposal acceptance |
Re-Age | Yes, automatically after third accepted DMP payment, if eligible |
Restructure | No |
Recall | Yes, unless account is placed with Asset Acceptance, Portfolio Recovery, or Arrow Financial (which is now Resurgent) |
Due Date Changes | No |
Charge Off Period | 120 Days |
Drop Policy | 2 consecutive missed payments or 4 missed/partial payments over the life of plan. |
Internal hardship/ Promotion Policy | No info |
Misc. Information | Only fax proposals if DMP department request it. Generally when an account is in Pre Legal/Legal Fax #: (612)-307-8309 |