Can I Still Use My Credit Cards?, Debt Consolidation Loans, Debt Consolidation Services Loan

Can I Still Use My Credit Cards?

All accounts placed in the Debt Management Program will automatically be closed by your creditors. This should be regarded as a prudent course to take realizing that it was probably the ease of using these credit cards that caused your current financial situation.

In some circumstances, where reason dictates, clients may be allowed to withhold a credit card or two from the program. Examples include:

When there are co-signers on the account that are not included in the program
Accounts used solely for business purposes and paid off monthly
Accounts with balances less than $100 and used solely for emergencies
Credit card accounts secured with a security interest
Upon completing an application, you may request that an account be omitted stating the reason. The agency typically grants legitimate request. You should be aware, however, that some creditors insist that ALL accounts be included in the program, otherwise upon discovery they may deny forbearance. In such cases, the client may have to ultimately include a withheld account(s) or bear the consequences of not including the account.