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 Posted: Fri Dec 08, 2006 9:09 pm Subject: American Consumer Credit Dropped me. |
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I was dropped from ACCC's debt program beacuse eventhough i mailed them saying i'm going to be unable to make payments they dropped me after "two missed payments." They noted it and everything but i was still dropped. Now i read in their letter that it is against the law to have an account reaged for 5years and such. Anyone have any suggestions, i signed up wtih Superior debt relief but i'm really thinking twice about it. Thanks 
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Blizz127
Joined: 10 Nov 2006
Posts: 48
Debtcc Points: 1512
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| Posted: Sat Dec 09, 2006 7:32 am Subject: |
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Did you miss two payments with them? I know with my cons. co. that if I miss ANY payments then they drop me like a hot potato
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PDLFREE
Joined: 07 Oct 2006
Posts: 1265
Debtcc Points: 18248
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| Posted: Sat Dec 09, 2006 11:14 am Subject: |
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yes i did, well the point being i told them both times and they were like "ok well give us a call and let us see how we can help u fix it" but i didn't get the chance to yet. now i'm screwed because i dont know if my creditors will reaccept me 
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Blizz127
Joined: 10 Nov 2006
Posts: 48
Debtcc Points: 1512
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| Posted: Sat Dec 09, 2006 11:26 am Subject: |
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Your payments to the consolidation company are very important after enrolling in the plan. The counselors negotiate with your creditors with the thoughts that you will be doing the payments so that they can post them towards your creditors. If you miss any of the payments, the creditors will take no time in withdrawing the benefits offered during this period. There is also a possibility that you won't be able to negotiate better deals with the creditors on the same account. You should have been careful and regular with your payments after enrolling in the plan.
Your only way to come out of this problem is to make an immediate payment to your consolidation company and assure regular payments in the future. If you are unsure about this, shop for a different company and enroll in a debt settlement plan. The payments in that program will be much lower than the consolidation plan. If you consider it tough to manage with that amount of money, bankruptcy is the last option since you may not be able to qualify in the means test and credit counseling didn't work well.
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GunsNroses
Debt Samaritan
Joined: 08 Jun 2006
Posts: 500
Debtcc Points: 7991
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