are they always so nasty?

Most credit cards will close the account when they put you on a harship plan to prevent you from making additional purchases.

I figured they would close the account, But what is the best way to ask for the hardship? I left messages for 2 DMP but niether have called back

I would just explain the circumstances. Let them know you cannot afford to pay even the minimum payment. Tell them you'd like them to reduce your monthly payment AND the interest rate.

Moreover, it's better to talk to a rep in person rather than leaving messages. Communication always hold the key. There are many instances in this forum where borrowers have succeeded to get reduced monthly payments and interest rates by proper negotiations.

Greetings,

I agree with paulcahill80.

You've got to communicate with the ccc's.

If you get a nasty one you can:

1. Get your feelings hurt.

2. Get mad.

3. Get intimidated.

or

1. Practice head games with the mad one and empathise with her for having such a crappy job but you know that she's got to do it. You might be surprised where this goes.


2. Pretend that you got cut off and call back. The odds are that you'll never talk to the mad one again. Explain to the csr that the other person wasn't very happy with his/her life and can you help me? Then shut up....the next one to speak loses.
This method works 99.9999% of the time.

3. Don't get the answer you want.....just keep calling them back and say that you don't understand. Could you help me? When you get the best possible answer then nail it down.

Hope this helps,
King "Kash" Jabba Labba

ps: nice avatar there Paul!

Great psychology above! When I smoked I would hold the celophane from the pack in my one hand and crackle it in the phone like there was a bad connection! Then I would speak in every other syllable and quietly hang up! I would do this with unreasonable customers also! I know it was wrong but I had a give a sh-t factor of zero back then!

Thanks, I called Lowes they cut my payment in half for 12 months, then the lady said If in 12 months things were bad go to credit counsling

That's great!

Ok, I am saving $125 a month with other cards, Now the biggie BOA owe $32k.
Spoke to Senior rep, I cant do 2 options. 1 pay off $15k in 90 days or 0% for 60 months because that will cost me 100 more, But he said if I make 6 months of original payments, which I am 5 months behind, At the 6th month they will show me current and says I should be paid off in 72-80 months

Can you clarify that?

So you would pay 15k on the balance of 32k (and settle it?)
or you pay the full balance of 32k monthly with 0% interest?

Am I understanding you correctly, I can't get the part about '100 more'?

If you chose to pay it off over the 72-80 months is the card still closed and how is it reported monthly on your credit.

Thanks, Kaylee

Hi, Mike. Try calling this number for B of A and see if they can give you a better option. 866-429-1097

After sleeping on it, it really is not any diff.... This is a line of credit 32k at 8.99% I am 6 months behind.. They offered 15k to settle payable in 90 days (I dont have the money).... Then he said because the APR is low and its a LOC not a CC their is not much he can do, But if I start making the original monthly payment of $540 (now that I got everyone else to lower interest or give me a hardship) After 6 months of payments , They would show me current and up to date. At that payment it would take close to 6 years to pay in full

I do own a home with my wife with about 20k in equity and dont know if they sue they can go after that or after my wife who has no debt but covers all unexpected expenses, Like my root canal and crown $2800 bucks

Mike, BofA is a TARP bank so, they have to require settlements to be paid in 90 days. They can't do anything about that one as it was a stipulation of the bailout.

Do you have a home equity line of credit? If so, perhaps you could take the settlement offer and pay it off that way. Your interest rate would likely be lower than the 8.99 you're paying now and, you'd be saving $17k.

Tried no bank will give me a loan. Guess I can just make min and add money each time I pay of another card