Skip to main content
The termination date must be disclosed in the contract. Can an "estimated completion date" be used instead of a specific termination date?

The termination date must be disclosed in the contract. Can an "estimated completion date" be used instead of a specific termination date?

No. A specific termination date, using this term, must be disclosed. This is calculated based on the initial debts included in the debt management plan, the estimated balances and estimated interest charges for each individual debt. However, if debts remain at the time of the termination date, the contract may be extended.