Anybody have any experience with Sears cards? And Home Depot?

I had a Sears Mastercard that I was able to go online and set up payment arrangements. It will close your card, but gives you a few payment options. Seems to be working fine for me and I didn't have to talked to anyone.

Well, Citibank sued me right after charge off for my Home Depot account! The balance was about $7,900 though. They sued me themselves, it wasn't sold off at all.

My Sears card (non Mastercard) was sold off to LVNV after charge off and is still in their hands. Balance on that one is $4,400.

Seems like based on our experiences, your Sears card with a balance around $3,000 would be sold to LVNV.

Maybe over $5,000 Citibank sues?

Thanks for the replies. It seems as if there is not a lot of rhyme or reason as to how creditors behave. The one thing that has me worried that the Sears store card may be handled differently is they never dropped my credit limit, even after I stopped paying other cards. And, because that is about the only credit I have left, I have had to use it recently.
I assume recent use and volume of use before default may be a factor in whether they sue you???

I believe CitiSkank only manages those credit cards for Sears and Home Depot and such, they aren't really their accounts. They're contracted by Sears and Home Depot. Or, at least that's how it was a few years back when a friend of mine worked for CitiSkank. It may have changed.

Because CitiSkank only manages the cards for Home Depot and Sears, they pretty much do what those companies tell them to do in regards to defaulted accounts and such. Where they're probably a lot more "ravenous" when it comes to actual CitiSkank accounts.

I know it was loads easier to get a late charge refunded on a Home Depot card thank on a CitiSkank card. Home Depot required CitiSkank to be a much more kinder and gentler credit card company when it came to their card.

Sort of like with HSBC managing the BestBuy card. Since I've been employed again, I've applied for both an HSBC card and a Best Buy card. HSBC said no to their card; however, I was able to get a Best Buy card with no problems.

My dad had a HD card and included it in his BK. They were still calling and sending statements 6 months after he went to court for BK. They didn't stop until the lawyer sent them 3 letters. His sears card, which I was an auth. user on, tried to collect from me after my dad filed BK. They even reported it on MY credit report. The lawyer again had to send letters. Good luck with these cards.

True, there isn't rhyme nor reason. Much of it depends on the mood of the particular account manager assigned to that account on that particular day, whether they want to be helpful, or just want to turn the thumbscrews on someone for a laugh. That is why it is very difficult, if not impossible, to predict whether they will sue, or how good or bad they may settle, or how long they'll hold onto it until charge off.

I have an account with Home Depot and had made my payments on time with them for over two years. Then last December (right after Christmas actually) they recieved my payment two days late and jacked my rate up to almost 30%!!! So I paid them off with my part of my tax return and never plan on using the card again. I'll probably keep it open just for credit purposes only unless they decide some day to start charging me an annual fee or something.