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 Posted: Fri Dec 28, 2007 11:52 pm Subject: letters to creditors |
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If i write a letter to my creditors asking them to reage my account ( bring it current) drop the interest rate to 13% and i will pay you 35 a month until this debt is paid....will that help or what would you do...were can i find a sample letter....
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darkangelblue13
Joined: 03 Oct 2007
Posts: 2
Debtcc Points: 76
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| Posted: Sat Dec 29, 2007 11:14 am Subject: |
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I don't know about doing that, but I just called my creditors. Are these cc debts, pay day loans?
I called my cc companies and asked to be put on the hardship program so I could pay them off. One of them dropped the interest completely and I agreed to a set payment plan to pay them off. Some will do this, some will drop the interest, and some won't. I kept calling until I got one that worked with me. They don't have to do any of the above, but there are some that will.
Also, it makes a difference if you are working with the original creditor or a collection agency.
Good Luck to you!!..Karen 
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Bossy4455
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| Posted: Sat Dec 29, 2007 12:36 pm Subject: |
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I never thought about a hardship program, that's a great idea.
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landrylou
Joined: 04 Nov 2005
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| Posted: Sat Dec 29, 2007 4:09 pm Subject: |
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I'm not sure if all credotors have a hardship program, or if it is called that, but it doesn't hurt to ask them.
I do know that if you get them to do that, if you break your arrangements, they won't let you on it again, so be sure you can handle the payments!!..KAren
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Bossy4455
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| Posted: Sat Dec 29, 2007 5:12 pm Subject: Letters to creditors |
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That is what I did this week. Called all my cards to get on a hardship program. Only 1 card offered it to me. Even though all my cc's are nearly maxed out-I had never been late or over the limit. Wouldn't you know, most of them changed their tune once they realized I was having trouble keeping up with the high payments? Chase actually told me nobody will work with me or offer me anything until I am late. Then the rep tells me that and once I am late they will hit me with a late fee. "In freakin credible"! 
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girlndebt
Joined: 15 Dec 2007
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