CC's suddently saying no to negotiation?

I have heard that before. So many people are behind right now that the companies are watching their profits dwindle I guess.

So now what? How do we negotiate our debts?

Anyone have any ideas?

I still think that if they can get some money, as oppossed to none, they will negotiate, but who knows with the economy?

I had worked with my cc's and gotten out of debt with them by negotiation.

Some would not work with me, so I called a couple of times a day, until I got someone who knew I was serious about paying them off, but couldn't. Some of them dropped the interest, some lowered it, through their hardship program, until I got it paid off. I was late with the payments, and it did hurt my credit some, but I figured it was better than not paying them off.

One cc lady told me she saw where I had requested this with them previous and they said no. I told her tht's how desperate I was to pay them off, I wanted to pay them off, but needed them to drop the interest so I could. I guess they finally got tired of me,and did it.

Good Luck..karen

Does anyone think this may be a "trick" on the CC companies part because they are anticipating the Govt bailing them out and they want to show higher losses?

I would not put it past them! Bossy is right though. Persistence will very often work. Keep trying. I found the HSBC / Orchard Bank is awful. They would not reply to a certified letter and turned around and sued me.

Well the Credit Card Bailout Fell through. Now what?

where did you hear it fell through? Also, I didn't hear all the details for the cc bailout, it sounds like some think that if the cc company gets bailout, that us consumer would be off the hook, I hardly see that happening.

THANKS GREAT BOSSKAREN,GREAT FROG AND IMALE FOR
ALL GREAT INFORMATION ALWAYS.
I'M LEARNING A LOT WITH ALL OF YOU.

[quote=lmale]where did you hear it fell through?[/quote]

I dunno about the guest, but I read about it in the Houston Chronicle.

chron.com/disp/story.mpl/business/6109565.html