Charged off credit cards
Date: Sat, 03/17/2007 - 10:50
was going through a hard time with a change in
hours with emloyer and such. I got about 90 to 100 days past due with them both. Spoke with them and
got one to close the account and make
automatic payments each month. Spoke with the other
to try and do the same thing (pay about $200 up
front and then make monthly payments to pay off
account) but they told me that if I didn't come up with at least half of the balance up front there
was nothing they could do for me...that basically I would just have to wait for them to take me to
court. Can they do this???
They can do anything they want.Some creditors do not like to tak
They can do anything they want.Some creditors do not like to take payments. Since you are now in default,be ready to hear from the collectors and lawyers.
Some may change their mind after account gets a little age with no payments. You may be able to get a debt consolidation company to negotiate for you.
Forgot to mention if you can get them to accept payments,try to
Forgot to mention if you can get them to accept payments,try to put terms of plan in writing to protect your interests.
That I do not have an answer for. Post a new topic in the debt s
That I do not have an answer for. Post a new topic in the debt settlement forum and some of our more experienced members will find it.
No problem.Holler if you need assistance in debt settlement. I a
No problem.Holler if you need assistance in debt settlement. I am weak in that area but I know a few who are real good in it.
Start doing some partial payments on your accounts. This will br
Start doing some partial payments on your accounts. This will bring your account to current and then you will be able to negotiate with your creditors in a fair way. They will see your proposals in a better way if you have your accounts in current shape.
I have asked them about partial payments and the lady I spoke wi
I have asked them about partial payments and the lady I spoke with told me that I could not send in partial payments...which I didnt quite understant. I mean, if they want me to pay on my account, isn't some better than none? I even thought about still sending the payments to them with my account number on the check, but I was worried that they would not post the payments to my account.
Why not give a try and see if they really don't want to cash the
Why not give a try and see if they really don't want to cash the check when they have it in their hands? Make sure that you have a documentation of your move.
Steg, I recommended he find a counselor for consolidation since
Steg,
I recommended he find a counselor for consolidation since he has a creditor who wants to play games instead of taking what is offered in good faith.
You gave a good suggestion, Cajun. A professional expert will be
You gave a good suggestion, Cajun. A professional expert will be a good help if he can arrange something better. At the same time, the OP can keep trying on his own also. If the creditor accepts his payments, he won't have to pay for the services of the consolidation company. This will be a good amount to save.
You are also quite correct that he can try on his own if the cre
You are also quite correct that he can try on his own if the creditors are willing to work with him.The main reason I suggested consol. was they would have inside contacts who are willing to accept payments.
Finally, it's up to alexyscoker to decide which option will work
Finally, it's up to alexyscoker to decide which option will work the best for him. We can always suggest..
her...actually. Thank you both so much for your advice. I am goi
her...actually. Thank you both so much for your advice. I am going to check into some consolidation companies, basically because I am too tired to fight
with this credit card company any longer. They have made me mad, so I am just ready to be done with them
altogether!
All the best, alexy. Keep us updated on your actions.
All the best, alexy. Keep us updated on your actions.