What is a Payment Reduction?

If your income drops below a specific threshold outlined in your Credit Agreement, you can apply for Payment Reduction. If you qualify, and depending on your income, Plumeria will cover either 10% or 20% of your standard payment each month! As long as you make your reduced payments in full and on time, you never have to pay back the portion that Plumeria covered. Specific terms apply.

To review all of the details on Payment Reduction, including qualification requirements, review your Credit Agreement and Income-Based Repayment Schedule. If you have any questions, email us at plumeria@acct-admin.com or call us at 800-419-2118.