Enrollment protection plan
Date: Fri, 03/23/2007 - 14:27
Hi,
I'm in debt $24,000 in unsecured debt and would like to try to settle it myself. I've been going through a difficult time~ I recently had a tumor remove and been struggling with an illness. I have been current until this month. On one of my cards I enrolled to their protection plan, unfortuately my operation doesn't count b/c I wasn't enrolled during that time. I still enrolled into the plan b/c knew I was a about to move and they would consider that as a life event and would have my payments, interest rate and finance charge deferred for 4 months. This card I'm in debt $10,874. I'm not sure on what to do since I would like to eventually settle my debt myself. I wouldn't be able to settle with them for a long time b/c I need to accumalate the funds to settle. Should I make a claim or cancel the enrollement plan (it's around $100 a month). I'm not sure on what to do. Has anyone been in a situation like this? I need help!!!
I'm in debt $24,000 in unsecured debt and would like to try to settle it myself. I've been going through a difficult time~ I recently had a tumor remove and been struggling with an illness. I have been current until this month. On one of my cards I enrolled to their protection plan, unfortuately my operation doesn't count b/c I wasn't enrolled during that time. I still enrolled into the plan b/c knew I was a about to move and they would consider that as a life event and would have my payments, interest rate and finance charge deferred for 4 months. This card I'm in debt $10,874. I'm not sure on what to do since I would like to eventually settle my debt myself. I wouldn't be able to settle with them for a long time b/c I need to accumalate the funds to settle. Should I make a claim or cancel the enrollement plan (it's around $100 a month). I'm not sure on what to do. Has anyone been in a situation like this? I need help!!!
I am sorry to hear about your health. Draft your proposal to the
I am sorry to hear about your health. Draft your proposal to the creditor with the settlement term. Don't cancel the enrollment plan at this stage because the settlement offer isn't finalized yet. If they agree, you need to collect the fund for settling the account.
Thanks for the advice..... should I make a claim to defer my pay
Thanks for the advice..... should I make a claim to defer my payments for 4 months for a life event? There is no way I can make any payments or settled with them now...... not for a long time. Here's another question, would it be a bad thing to file bankrupcy?
