What will happen to the former debt management programs – Interest Relief and Debt Reduction in Repayment?
A. The Repayment Assistance Plan replaces the Interest Relief and Debt Reduction in Repayment programs. Borrowers who were approved for Interest Relief and Debt Reduction in Repayment before August 1, 2009 will continue to benefit from these programs until the end of their approved period. However, they also have the option of applying for the Repayment Assistance Plan any time.
Related Questions
- Which types of debts cannot be placed in the Debt Management Program but may be settled for less than what is owed through a Debt Reduction Settlement?
- What will happen to the former debt management programs - Interest Relief and Debt Reduction in Repayment?
- How Does Online Debt Management Programs Work?
