Credit card debt
Date: Tue, 08/25/2009 - 18:15
Thank you for posting so much helpful information on this website.
I recently had to stop paying my credit cards due to hardship. On one of my Chase cards I had made a balance transfer on 03/25/09 to a different card. I made one payment in April towards it, and May happened to be a payment holiday, so $0 was due.Then in June I couldn't make my payment at all. I am working hard to get the money to get back to making payments, but the account has gone to 29.99% APR and impossible to get under control. Chase sent me a letter that they will start legal action and take me to court. What are my options? Any help will be greatly apreciated. Thank you.
Sorry, but I'm little confused here. When you have made a balanc
Sorry, but I'm little confused here. When you have made a balance transfer from your Chase card to the other creditor, Chase has been paid off by them. I fail to see why Chase would now threat to sue you.
I think you are saying you took the Chase money and paid off a d
I think you are saying you took the Chase money and paid off a different card. Then you missed 1 payment and they say they are taking you to court. How much did you take? They will not do anything for at least 6 months. Save some money and try and settle around 150 days.
Thanks for your reply. Yes, I paid off a BA card for $16K. Does
Thanks for your reply. Yes, I paid off a BA card for $16K. Does that change the situation?
cerasella, The transaction history you described is of a nature
cerasella,
The transaction history you described is of a nature where you cannot rely on a predictable pattern being followed by Chase, when an account goes into default.
You are at a very high risk for being sued.
If you have any way to make a payment, I would urge you to do so.
Mileage may vary