Fricken Chase ><

i will suggest one thing if you have good credit score then you better go for a debt consolidation loan which will be lot more cheaper than that of credit card.

They have jacked up your monthly installments also? or only interest rate with tenure?

i hope you need to go for one time settlement.If you happen to pay the amount which is equivalent to the actual principle cost ( purchase value on your card) plus 8% interest rate annually.

If they agree with this then surely you wil get a good deal for one time settlement. :arrow:

I would have to agree with you. I just don't get the penalty APRS. It makes as much sense as pouring acid in my eyes, NONE. They then wonder why we all in such big messes. If they could offer some real solutions we all could make headway. People say the banks do this to "get richer" but I can't understand how they are getting any "richer" when no one can pay them. I just don't get it......

Your not in Kansas anymore. The banks smell your pickle juice and they are jacking up your rate so if/when you can pay the net settlement or tax write-off will be more. Take the credit score hit, pay off when you can, then live a cash only life.

Well, my credit score isn't great... its like 650 right now. I have a lot of debt and no income.

I would not qualify for a debt consolidation loan.

I'm really at a loss as to what to do... I know people keep telling me I need to do what I think is best for me... but I don't know what is best for me. I'm so lost and I dunno what to do. I don't want to declare bankruptcy, I'm too afraid of them scrutinizing something I've done or being one of the ones that gets smacked with the audit.

I was never in Kansas but I'm not used to not being able to pay my bills. I moved overseas and I got laid off from my job and now I can't get unemployment because I was laid off from a foreign company.

Sorry for venting... I just got to a point in my life where everything was going great and then suddenly the economy flopped and now I'm broke and in debt. Course I know lots of you are in the same situation...God this sucks.

Yep, you said it pretty well. As if they're saying, because you owe too much and you can transfer balances no more, we're gonna punish you..

My credit scare was considered pretty high. I owed $75,000 but my overall credit was $150,000. I was still able to move things around at 6% APR average. I'm doing all that to save my business. BOA takes over MBNA, decides for everyone else that I shouldn't have this much available credit, block a $35,000 line of credit, brings my credit score drastically down, all this while I'm trying to save my business, recently jacked up my APR from 9% to 21%...

Good plave to vent, eh Amy... I suggest you keep calling Chase and annoy the hell out of them...

have you called and spoken to them about the increase of the APR? It might be something that slipped through.

If you have no income, how are you paying your bills?

Amy26, what is your total credit card debt total, and how old are you...26? Are you single? Don't be scared. This isn't pretty but once you wrap your mind around your options they won't seem so scary. It will actually be a release.

Have you thought of looking into Consumer Credit Counseling?

I'm paying my bills with borrowed money and balance transfers to myself. I got a nice tax refund as well. Credit counseling I did look into but the payments would actually be more than they are right now.

I didn't anticipate getting laid off, so I didn't think paying stuff would be an issue. I sent hardship packages to my mortgage companies but my second company hasn't done or said anything yet. Kinda worried about them... its a credit union and I'm afraid they are going to like freak out.

how is the job searching going?

Not good so far. I've had a few phone interviews but that's it. Applied for so many but rarely get any bites.