JC Penny
Date: Wed, 01/21/2009 - 08:55
My wife has an account with JC Penny and has had for several years. Payment on this account has not been aproblem for several years....until now. Our income has been reduced by about 40 % due to the economy. I'm thinking of writing a letter to GE Money Bank, who owns the JC penny account, and advise them that while we intend to pay this obligation in full, due to our present circumstances, we are unable to make regular payments at this time. Our past payment history is unbleamished with JC Penny.
Think they will be willing to set payments aside until we get our finances under control and our income returns to normal ?
Our income has suffered because of the overall economy...not due to our fault.
Think they will be willing to set payments aside until we get our finances under control and our income returns to normal ?
Our income has suffered because of the overall economy...not due to our fault.
Unfortuantely no credit card will set aside payments. They may
Unfortuantely no credit card will set aside payments. They may offer you a hardship plan with reduced payments and interest but without making payments your card will charge off and go to collections.
GE Money has taken over JC Penny accounts. They reduced my credi
GE Money has taken over JC Penny accounts. They reduced my credit line and I cancelled my card. In this time of hardship and when someone like myself keeping my balance below 30% (even if I have to make payment twice a month) and choose to do this, I don't need them.
