My Debt Settlement Journey - 69k
Date: Thu, 05/14/2009 - 21:14
1) CitiBank Divident - MasterCard = 23,000; Last Payment Made = 4/20/2009; Due Date = 6/1/2009
2) Bank of America - MasterCard = 20,000; Last Payment Made = 4/15/2009; Due Date = 6/5/2009
3) Chase - Visa = 7,000; Last Payment Made = 4/16/2009; Due Date = 5/27/2009
4) Bank of America - Mastercard = 6,000; Last Payment Made = 4/15/2009; Due Date = 5/28/2009
5) Amex Express Blue = 3,000; Last Payment Made = 4/16/2009
; Due Date = 6/2/2009
6) Capital One - MasterCard = 10,000; Last Payment Made = 4/1/2009; Due Date = 5/19/2009
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Total Credit Card Debts = 69,000 (approximately)
I hope it will turn out well for me.......
That is similar to what I am doing. Now after a couple of months
That is similar to what I am doing. Now after a couple of months i am trying to settle with some of them. I hope it works out for both of us.
dartvader440gt - how's your ordeal going so far? are you receiv
dartvader440gt - how's your ordeal going so far? are you receiving many cc calls at this time?
I am now 1 1/2 week late on my Capital One credit card.. they ha
I am now 1 1/2 week late on my Capital One credit card.. they have been calling about 2x per day all of this week, from different phone number displayed on my Caller ID. When should I start picking up the phone and tell them that I am broke? Thanks, Mark
We were told by our ds company to avoid the phone calls. Should
We were told by our ds company to avoid the phone calls. Should we be disregarding that advice?
Not really. Its just that there is no point in talking to a bill
Not really. Its just that there is no point in talking to a bill collector who is going to be a jerk to you and try to rattle your cage. Unless of course you enjoy speaking with collectors.
Well I dont know... I have owe 55k to BofA on 3 cards and Chase
Well I dont know... I have owe 55k to BofA on 3 cards and Chase I owe 13k. So far BofA said they would take 30% but I need to get it going by the end of the month (May). They left me alone untill the past few days then I said I was working with my bank on a mortgage mod and it might still take 2 or 3 weeks. They said ok we will check back with you in mid june. Chase I said the same thing to about my mortagage and they have not called me in a week or so. So far for me I have not had any problems talking to people I just tell them I am working on it and they seem to leave me alone for awhile.
Status Update - Week 2 past due on the Capital One
Capital One called me so much the first 2 weeks. Probably received 2 - 4 calls per day, until one day I called them back.
I told them my story, but they kept wanting me to pay...
Cap1 - you are 2 weeks late, can you pay now?
Me - No..i am broke! my wife lost her job, i have mortgage..and made up a story that I am behind on my mortgage...hehe.
Cap1 - Well, we can make your current on your payments if you pay us a minimum of $111 from what you owed 350 minimun now... we will also make it into 3 payments and wave 100 bucks!
Me - I do not have money right now
Cap 1 - can you try to get us 111 within 1 week.
Me - I do not, i am broke...bla bla ....I will try to ask from my family
Cap 1 - Okay...i'll note this, but the Collection call will continue to come in.
Since my talked with them 3 days ago, there's been 'zero' calls....give me a little break until the other CC company come to town =).
CitiBank calling...5x per day
1. CitiBank Divident - MasterCard = 23,000; Last Payment Made = 4/20/2009; Due Date = 6/1/2009
Citibank has been calling me 5x a day since monday of this week. I will give it another week (total 2 weeks) after the due date to tell them that I am broke.
One of my friend told me to consider walking away from my mortga
One of my friend told me to consider walking away from my mortgage and use that money to pay the cc settlement....would this foreclosure idea a good way to take? or should i continue to make payments until I am able to sell the house....or just give it up to the bank..and deal with the bad credit reporting?
I have been receiving calls the past 2 weeks about 10x + a day f
I have been receiving calls the past 2 weeks about 10x + a day from all of my credit cards....so today was the day that i called back the BAD GUYS:
BOA - which i owed 2 credit cards total of 30k...they didn't offer any plans for deals, they just told me when i have money to call them back. I told them i was in the process of moving home and selling my house..so i will not have money for 2 - 4 months..they said call us back in 2 monthos...
Citi Bank - was the nicest..they told me they will defer my bills for 2 more months + no fees on my account until i move home and my wife and i are back on our feet...we can resume payments in september
Chase - was a dray to talk with...i think it was just the agent...she was a witch...she didn't seem to want to help or care about my situation..so i just sat there and let her talk and dragged out the conversation...with eventually 'no i do not have money to pay....or able to afford you withdrawing money from my account...from each of my payment..since i need the limited money i have from my pay check to pay my mortgage and my home bills...'. she gave up, so told me to call them back when i am able to pay....what ever you do...or say..just say 'i can commit to something i can't promise..or able to pay....since i am behind in all my bills...or able to make ends meet...on daily survival bills or expenses....etc.' that worked for all of the CC company =).
American Express Blue - was the same as CHASE...they kept asking me to pay 100 bucks? 75? 50? 25? i told them the same as above..until they got tired of heard me...
So overall...the calling back the CC companies weren't as bad as i thought....it beats not talking to them...just call them back one day....when you have some time..and let them know your situation....gl guys.
It's been 2 days since I called the credit cards company back...
It's been 2 days since I called the credit cards company back...all 6 of them, and the collection calls have stopped coming... hopefully this weekend stays quiet....or they give me a break from the phone calls for a few more days =)...
My Debt Settlement Journey - 69k
The simple truth is creditors/collectors will always call back, the thing to do is to be prepared to speak to them or have someone else speak to them on your behalf. In most cases it is wise to hire a Debt Settlement Company to mediate the debt settlement process.