I received a text message on my cell phone informing me that my AKPK debt management program repayment was overdue and I should contact my credit counselor as soon as possible.
It freaked me out when I saw the message. I quickly took out my DMP agreement and checked the payment date. It stated that I must make my repayment before the 30th every month.
I banked in my March repayment on the 26th, so it’s definitely before the 30th.
Well, to be safe, I made a call to the debt management program agency the next morning. The credit counselor tried to check it for me, but to no avail. The system was slow and she wasn’t able to check it for me.
Now I have to call the debt management counselor again on Monday.
I am freaked out because if I am ever late in making payment to AKPK, my free debt management program will become null and void.
This means banks and credit card companies have the right to claw back all waivers granted under the accounts and reinstate interest charges, penalty fees or overdue charges to the original terms and conditions of the entire outstanding debt.
The scariest part is that credit card banks can resume legal proceeding against me for recovery of the entire outstanding credit card debt due, together with interests, late payment charges, legal fees and all other costs.
