Best way to handle late cc payments.
Date: Thu, 11/16/2006 - 07:34
I, myself, was in a dmp for a month, didn't like the service. I
I, myself, was in a dmp for a month, didn't like the service. I called my 3 cc companies and asked if they would accept my payments direct from me. Keep in mind, that 2 of them are chargeoffs and the other is delinquent (but on my credit report) it shows current. I haven't paid them in like a year. One of my payments is as low as $15 mth. What cc comanies are you dealing with?
Orchard, Providian, Household Bank...i know.. all the bad ones.
Orchard, Providian, Household Bank...i know.. all the bad ones.
I had one with Capital One, the notorious REWARDS660, and First
I had one with Capital One, the notorious REWARDS660, and First Premier Bank..Are you able to afford the payment of a dmp??
I would rather not go that route... I can make payments on the C
I would rather not go that route... I can make payments on the CC's... I guess I should write/email them and let them know that I am back on my feet again and will try to catch up.
Well, they combine all of your payments into one. Then most of t
Well, they combine all of your payments into one. Then most of them charge a one time fee ranging from $35-$40 for the setup of your aggreement. Then after that you have have to choice to pay them contributions for working with your creditors. Mine was a little outrageous, and had posts on here, that is why I cancelled. If you can afford to make a small payment each month, I would NOT go with a dmp..
So a nice letter to them would be more appropriate. I will comp
So a nice letter to them would be more appropriate. I will compose a butt kissing letter/email to them.
But be careful, I read on here that someone sent a letter to a c
But be careful, I read on here that someone sent a letter to a cc company and when they turned around, they were going to court. What are your monthly pmts now??
However... that person would have been notified prior to, you ca
However... that person would have been notified prior to, you can't just file a lawsuit and go to court without the other party being notified. I worked too long in a law firm to believe that person didn't know ahead of time.
There are creditors that get sneaky and get default judgements.
There are creditors that get sneaky and get default judgements. collection agencies are famous for this. They have you served, then they have the court date changed and the debtor isn't notified.
The best thing is to try and make the payments on your own to th
The best thing is to try and make the payments on your own to the credit companies. Most will be willing to work with you because they need their money back.
In some cases, they will act rude and threaten sending your account to collections if you don't pay the full amount. Don't be puzzled hearing something like this. Your willingness to pay the debt is most important even if they pursue actions against you. Your intentions should clearly explain that you want to pay the debts.
If you can manage to do this negotiation on your own, very good. Otherwise, take professional help. They will do the same thing for you because they know how to handle such negotiations. You need to research about the company before signing because you will trust them with your money.