What if I am behind on my Contributions?

When you created your monthly contribution schedule, you had every intention to keep up with this amount each and every month.  But, sometimes things get difficult.  Sometimes finances change or become challenging.  You may have to reduce your contribution amount one month or maybe you had to skip a month altogether.   Now, you’ve fallen behind a little and are having a hard time catching up.

With UGotiate, you can work through this!  Remember, you created your Contribution Plan, you are in control of your Plan to get out of debt.  If you finances have changed so much that you need to reduce your monthly contributions, you can amend your Plan & Goal to a more affordable monthly amount.  UGotiate’s Debt O Meter will evaluate the amount you select to determine if this amount is reasonable.  Reducing your monthly contribution amount generally means that it will take you longer to save up for settlements.  So, your term may move from say 40 months to 48 months. 

If you think that you can eventually catch up, you can leave your Plan & Goal as is and continue with your current contribution amount.  UGotiate will continue to show you if you are past due when you update your contribution balance, but that is okay.  Just do the best that you can do!  If you stick with it and put aside as much as you can, you will eventually save up enough to settle all of your accounts.