I am 2 weeks late but citi has been calling 10 times a day. I have been letting the calls go to voicemail and it's a recording asking me to contact them regarding my acct.Should I call or continue to ignore? I have been current in everything till 2 weeks ago when I had no choice but to let some bills go unpaid. I have been struggling for the past year getting by paying min payments and charging gas to my cr cards. Now my cards are all but maxed and I have more going out than coming in. What should I do? Wife lost her job and still waiting for unemployment to kick in. Have 2 kids, 1 that needs diapers and formula. Refrigerator is empty. Advise plz. Thx.
I have about 35,000 in cr card debt. Currently behind with citi, bank of America, cabelas visa and chase. These are 2 weeks late, but just don't have the money to pay.
Which banks are going to be easier to settle?
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Credits: 417.85 Send message to Anotherjames
Forgot about asking how long I will have to let these accts go delinquent before they will settle?
I own my home... Any risks with not paying on these accts ?
Debt Samaritan
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How much money will you be able to set aside monthly for settlement if you don't pay these?
What are the balances, minimum payments and APRs on each of your cards?
I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.
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while you are getting ohiogal's info she requested,i have questions.
1)are you concerned about your credit?
2)you said you are only two weeks late.is that on all cards?
you see if you try settlement.the cc companies won't even talk about that until you are 60-90days late.then your credit is in the dumps.i would look into hardship plans before going the settlement route.JMHO.
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Ohiogal....
Here is info you requested
Citi balance is 7000 @ 15.99
Min payment is 348/mo
Cabelas balance 5,600 @ 14.99
Min payment 224/mo
Chase balance is 4500 @ 15.99(?)
Min payment is 118/mo
I do have another chase card but for some reason when I log in my acct only one acct is showing.
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I have more going out than coming in currently.
I really don't know that I could save... Maybe 2-300 a month.
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Paul...
1) I am concerned about my credit, but understand my score is already going down due to high debt to income ratio and late payments.
2) citi, cabelas and chase are currently 2-3 weeks behind. Payments were due mid June.
Would it be best to try to only let one card go delinquent and try to settle while keeping others current?
Debt Samaritan
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The problem with that plan is, where will you get the money to settle?
If you don't have enough to make minimum payments now, stopping paying 1, won't give you enough in 90-120 days to settle with.
Have you asked about a hardship plan from your lenders?
What are your other monthly expenses? How much money do you bring home monthly?
I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.
Posts: 12
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I haven't asked about hardship programs, I have been ignoring all calls.
Do you think I should call them and discuss?
Debt Samaritan
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Credits: 71531.366580171 Send message to OhioGal1
I would give it a shot. Sometimes they can both lower the payment and the interest rate for you. The accounts will also be closed so you won't be racking up additional debt.
I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.
Posts: 12
Credits: 417.85 Send message to Anotherjames
Well calling citi didnt help much yet. They couldn't lower my rate. They only offered 3 months at $ 241 per month to get me back to current, right now i owe $ 347.88 by july 13. They told me to call back july 17 for there may be more options available for me then. This my first time being late, member since 1999 , hope they can do better when I call back. I can really only afford $ 50-100 per month
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