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what should/can I do?
Hi, I'm back! I have an account (actually two accounts) with MBNA that went into 'charge off'. I wrote MBNA over and over again explaining my situation and trying to get something worked out with them on these accounts. Nothing/Nada. They even sent me a letter telling me if they didn't hear from me by a certain time, they were going to do a charge off. HUH? I had been writing...and even wrote them back after receiving that letter. They say they'll help you, all you have to do is let them know. whatevers!! thats BS cause I tried to get them to work with me. anyways, A collection agency got the accounts, I don't know if MBNA sold them or just sent them off to be collected. (is there a way to tell? besides writing and asking and then they don't answer--so you still don't know). One account has been through several CAs. When I write them and tell them how hard I tried getting MBNA to work with me, they no longer want the account and send it off to someone else. (wonder why that is?). So they finally sent it to a CA that is willing to work with me. They want $100 a month on the account, but for now, I am sending them $50 a month, (until things improve financially for me). They seem fine with that. BUT the 'other' account, also has been through a couple of different CAs. The last one, would not answer any of my letters...and believe me, I have wrote some letters, sometimes twice a week. nada from them. until last month, I decided to mail them a $50 money order. They cashed it, put it towards my balance and then sent it off to 'yet another collection agency'. So I have to start all over with this CA. (this account is higher than the other account was). So I write and try to get something worked out with them. They write me back last week and say that they're willing to work with me, for $500 a month! They even pulled my CR because I checked my credit report a couple of days ago. Theres no way I can afford to send them $500 a month. Even when the account was with MBNA, the payment was only like around $150.00 a month and I couldn't even manage that at the time, what makes them think I can manage this? If I could afford these payments, I could have afforded the original and never got behind in the first place. since they looked at my credit report, they should see 'a not so great credit report' with several charge offs, not just theirs, several others, that I am also trying to work out. I know they don't care about that, only theirs. but dang, what if every charge off I have, wanted $500 a month!!! I am going to start sending them some money, just as I do everyone else. this friday I will go to the post office and get all the money orders I need, including something for them. what should I do??? should I keep negotiating with them first before sending money, or just send them something I can send and see what happens from there. They want $500, what would be fair? I know, its what I can afford...$50 or $100? with a letter telling them that if they cash it, they are accepting this arrangement?
They said and I quote' the above payment plan is the min we can accept for this not to proceed. referring to the $500.00 a month. can someone help me that has maybe dealt with this before. I can not afford $500 a month--it would be a much hardship for me and my family. but there is a 'threat' to proceed if I don't do it. oh BTW, the amount is $2926.59 and its with ACB American, Inc. thanks, shirley
They said and I quote' the above payment plan is the min we can accept for this not to proceed. referring to the $500.00 a month. can someone help me that has maybe dealt with this before. I can not afford $500 a month--it would be a much hardship for me and my family. but there is a 'threat' to proceed if I don't do it. oh BTW, the amount is $2926.59 and its with ACB American, Inc. thanks, shirley
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