I thought I read somewhere that if we pay make an additional payment to pay off debt, it will be credited towards our payment shock. I was wondereing if I am recalling that correctly. For example, if my payment shock is $400 and we make an additional $200 towards a credit card, we will only have to save an additional $200 that month because the extra $200 credit card payment will be credited towards our payment shock. Can someone confirm this?
The counselor can do that if they want to. Mine told me that but I don’t trust that because I can always go back and pay more later. I feel like they’ll come back later claiming my payment shock was short so I’ll just put any extra I can but not bother my payment shock savings. I just don’t have time for any surprises later.