If I am in a debt management program, can I pay more than normal on my credit cards?

So I have a Bank of America Visa with about $6,300 at 13%. The account was closed by a debt management program. And I have been paying monthly payments through the DMP. I want to make a payment on the Visa more than the monthly payment. But I cant pay the entire balance.

I wanted to pay about $1000. Just to reduce the principle. But I remember the Credit Counseling told me not to do so. They said it shows that I have money and BOA might not abide by the agreement anymore.

Do I trust the Credit counselors? Or make a payment to BOA directly?

And do you think credit card companies are evil? JK

If I am in a debt management program, can I pay more than normal on my credit cards?

I would actually say Yes, abide by the credit counselor. card companies are famous for retracting settlement amounts and monthly payments, especially if they see that you have money. They will question why they made the settlement. It is good that you want to pay more now, but in the eyes of the creditor, they will se it as, %26quot;why wasnt it paid like this originally?%26quot;

Think of it this way, you make the payment you are thinking of making now, and BOA breaks the settlement agreement, in a few months you run into a bad spot again, and can%26#039;t pay what they are expecting you to pay, interest piles up again, the guy below me did not think of that. BAD ADVICE. My info is coming from someone that owns a collection agency, and knows the result of what you are talking about. I work with debt counselors everyday, and although at times they seem to not know much, a good portion of them are VERY knowledgeable.

If I am in a debt management program, can I pay more than normal on my credit cards?

CONSIDER THE SOURCE of this information.....

If you pay BOA directly you are putting yoru credit counselor out of a job!

Please send the money directly to them....Of course this will save you on interest.

In fact each time you get an extra 50 bucks, do the same...this will save you an untold 100%26#039;s of bucks...an agreement is an agreement...I would think that they would abide by it but even if they dont, you are paying them off more quickly

Pull your credit report NOW

i betcha that you will be shocked to find your %26#039;counselor%26#039; has given you alot of bad information....

I believe that debt management screws up your credit as much as filing bankruptcy

If I am in a debt management program, can I pay more than normal on my credit cards?

i work for a debt management company and i always advise my clients to pay more than the payment that was agreed on, it will just cut your term down, the way it works with are company is if you have more to pay on the card, all u do is call us and tell us to draft more out of your account

If I am in a debt management program, can I pay more than normal on my credit cards?

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