What are the typical term lengths for repayment?
While every situation is unique, repayment terms can vary widely and have seen some extend up to 48 months, depending on your creditor and circumstances. For larger balances, it is rarely a lump-sum payment; most creditors prefer installment plans to make payments manageable.
Please note: these are just estimates. The actual term length will depend entirely on your creditor’s decision and your individual circumstances. Relief cannot guarantee any specific term length, as repayment plans are determined by your creditor.
Where can I find the actual term length for my reduction?
Once your creditor approves your reduction request, the repayment terms, including the length of the plan, will be outlined in your agreement letter. This will be available for you to download and review in the app.
If you have any further questions, feel free to reach out to our support team.