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 Posted: Mon Apr 24, 2006 11:33 am Subject: GECC writing off my account |
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GREAT NEWS!!
I just received a call from GECC - they are writing off my account!! Zero balance WHOOPPE!! I Sent them a letter couple of weeks ago and I just mailed it - didn't even send it certified return receipt!! THey are sending me an email and a hardcopy of the email!! Hey Payday Avenger you said they wrote you off too?
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oh2benc2
Joined: 06 Mar 2006
Posts: 291
Location: Virginia Debtcc Points: 3255
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| Posted: Mon Apr 24, 2006 12:07 pm Subject: |
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Well, that's really great news. You must check your credit report also and see that the copy has been updated. This is one great move of seeing your credit improving. Congratulations! 
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david
Debt Samaritan
Joined: 04 Jan 2006
Posts: 1278
Debtcc Points: 30120
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| Posted: Mon Apr 24, 2006 12:22 pm Subject: |
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Thanks!! Makes me feel a whole lot better - I had made payment arrangements with their collection agency SIMMS now I don't have to worry about that one either.
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oh2benc2
Joined: 06 Mar 2006
Posts: 291
Location: Virginia Debtcc Points: 3255
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| Posted: Mon Apr 24, 2006 12:51 pm Subject: |
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what is GECC??
_________________
I am working hard to take care of my debt...any point donations are greatly appreciated!
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Seeing_the_Light
Joined: 28 Mar 2006
Posts: 536
Debtcc Points: 13835
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| Posted: Mon Apr 24, 2006 12:54 pm Subject: |
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great job oh2benc2 
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NotsoLucky
Joined: 02 Nov 2005
Posts: 3164
Debtcc Points: 45632
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| Posted: Mon Apr 24, 2006 2:56 pm Subject: |
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Yes, they wrote my balance off too. Congrats to you!
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CowampChicken
Joined: 20 Dec 2005
Posts: 3682
Debtcc Points: 36186
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| Posted: Mon Apr 24, 2006 3:17 pm Subject: |
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Wow,I wish I could get the same reponse,but nothing yet,I have decided that a law suit my be in order now.I have contacted the AGs office in thier state and they are investigating it now.Ive gone thru my bank records and realize that I have paid them even more than I had first thought.The total interest is more than $5000 for a little over a year.Im very glad your news.
_________________
"No amount of time can erase the memory of a good cat, and no amount of masking tape can ever totally remove his fur from your couch." Leo Dworken
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twokidtwocat
Joined: 31 Jul 2005
Posts: 628
Debtcc Points: 37755
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| Posted: Mon Apr 24, 2006 5:27 pm Subject: |
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twokidtwocat:
I'll pm you the letter I sent them.
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oh2benc2
Joined: 06 Mar 2006
Posts: 291
Location: Virginia Debtcc Points: 3255
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| Posted: Mon Apr 24, 2006 6:15 pm Subject: |
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TwoKid:
I emailed you the letter as an attachment
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oh2benc2
Joined: 06 Mar 2006
Posts: 291
Location: Virginia Debtcc Points: 3255
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| Posted: Mon Apr 24, 2006 8:50 pm Subject: |
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Thanks,Oh2benc2
_________________
"No amount of time can erase the memory of a good cat, and no amount of masking tape can ever totally remove his fur from your couch." Leo Dworken
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twokidtwocat
Joined: 31 Jul 2005
Posts: 628
Debtcc Points: 37755
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| Posted: Mon Apr 24, 2006 9:28 pm Subject: |
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YEAH, congrats on another one down.
And twokidstwocats, I hope that by being insistent, and pressing for at least have the acct marked paid in full, that the company will do the same for you. It never hurts to keep trying.
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set4sail
Joined: 03 Jun 2005
Posts: 418
Debtcc Points: 7616
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| Posted: Thu May 04, 2006 6:01 am Subject: GECC |
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I am dealing with GECC right now through Cash Direct Express. I have sent them a letter twice and they emailed me, they sent me to a collection agency. I faxed the letter to them and I emailed the letter to them asking them to settle with me.
Any advice on what else I can do?
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mjirwin17
Joined: 10 Apr 2006
Posts: 11
Debtcc Points: 445
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| Posted: Thu May 04, 2006 12:09 pm Subject: |
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Hi mjirwin17
You can work out arrangements with the GECC even after they have sent the account to some collection agency. Chances become rare when they sell the accounts to the CAs. But in most cases, they don't.
So, you have to explain your situation to GECC and offer a realistic payment plan. I am sure they will be willing to work with you. You can send some advance money also to make this proposal effective. Do all your correspondences in writing through certified mail and keep everything documented.
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john
Moderator
Joined: 05 Jan 2006
Posts: 1297
Debtcc Points: 26427
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| Posted: Thu May 04, 2006 12:25 pm Subject: |
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GECC collection agency is Simms and I talked to a lady name Debra Watson - she is very nic I had a $600.00 loan we settled for $300.00 and I was going to make payments of $100. for 3 months - they got my letter and wrote me off zero balance.
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oh2benc2
Joined: 06 Mar 2006
Posts: 291
Location: Virginia Debtcc Points: 3255
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| Posted: Thu May 04, 2006 2:53 pm Subject: GECC |
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I have a loan from GECC that is showing up on my credit report. I went to their website and now they do not issue loans in my state anymore. I live in Maryland and I got he loan with them when I lived in Maryland. I am not sure what to do about this. I already closed the checking account they were drawing from sometime last year. My question is where should I start the fight? Is there something I can do since I live in Maryland? Help please as I am new to the credit clean up thing.
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felartwell
Joined: 04 May 2006
Posts: 7
Debtcc Points: 212
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