Do I qualify for an installment plan?

You can always suggest a repayment plan, but the final decision lies with the creditor. He is not obliged to accept a plan.

The bailiff discusses your proposal with the creditor and then informs you of the decision. If the plan is refused, the bailiff will let you know directly.

Important to know

• The creditor is not obliged to accept a plan. Therefore, make sure that your proposal is realistic and tailored to your financial situation.
• An installment plan usually runs for up to one year, with monthly or recurring payments. Additional costs may apply.
• Each approved plan is confirmed in writing.

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Tip: always be honest about your financial options. Modero will work with you to see which solution is feasible for you and acceptable to your creditor.

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