https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Merrick-Bank-Account-Restructure-Program/m-p/5564645#M585430 I just called them. The gentleman told me after the first 3 months of being in the program it would show past due and not making the min. Payment. After the first 3 months of being enrolled—it would then start reporting to the bureaus as a closed account, but report on time payments. Fri, 05 Apr 2019 14:48:49 GMT Anonymous 2019-04-05T14:48:49Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Merrick-Bank-Account-Restructure-Program/m-p/5564614#M585429 Has anyone done this or heard of this?<BR /><BR />I was over my credit line of $300 by about $300 and kept making small payments that could not cover the late fee and interest I was accruing every month.<BR /><BR />They finally sent me an email to enroll in their Account Restructure Program.<BR /><BR />This would be at 6% APR and min payment of $15 dollars over 60 months and it closes the account versus I believe 27% APR and my min was a payment of $255 or so.<BR /><BR />I did it—just wondering what the con of this was? If they still report to the credit bureaus of on time payments under this program. Fri, 05 Apr 2019 14:36:40 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Merrick-Bank-Account-Restructure-Program/m-p/5564614#M585429 Anonymous 2019-04-05T14:36:40Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Merrick-Bank-Account-Restructure-Program/m-p/5564645#M585430 I just called them. The gentleman told me after the first 3 months of being in the program it would show past due and not making the min. Payment. After the first 3 months of being enrolled—it would then start reporting to the bureaus as a closed account, but report on time payments. Fri, 05 Apr 2019 14:48:49 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Merrick-Bank-Account-Restructure-Program/m-p/5564645#M585430 Anonymous 2019-04-05T14:48:49Z