Debt Management with T and C, a bad idea???!!!

Date: Tue, 02/21/2006 - 15:50

Submitted by scooter
on Tue, 02/21/2006 - 15:50

Posts: 114 Credits: [Donate]

Total Replies: 6

Have been with T&C for over two months now and I must say I'm not a happy camper. My situation has gone from bad to worse and I'm beginning to wish I'd never gone with them. Since I've been with them, I've continued to have late and OTL fees totaling hundreds of dollars added to my CC accounts and I'm sure they're reporting to the CAs that I'm delinquent. I wasn't before and my accounts were up to date though I had a hard time keeping them that way. I could shoot myself for doing this. :evil:

Every one tells me it'll get better, but so far it has gotten worse. I'm considering filing chap 13. Another problem is that payment to them is more than I can afford. It started out at 61 a week and is now 82 a week. :(

Can some veteran DM people explain to me how this works? I now owe more than when I started! That doesn't make any sense! Can someone that has been in DM for more than a couple months give me some insight! I can't sleep at night worrying about this and I'm tired of working all the time. When does it end or does it?

It normally takes the OC approximately 3 months to drop the OTL

It normally takes the OC approximately 3 months to drop the OTL fees and late fees. From what I have been told the OC waits to see if you are going to make continuous payments, then they begin the process of reducing the interest rate and dropping the fees.

lrhall41

Submitted by Not so Lucky on Tue, 02/21/2006 - 16:01

( Posts: 3041 | Credits: )

Hi Scooter, I was in your position a few weeks ago but if you

Hi Scooter,

I was in your position a few weeks ago but if you talk to T & C they should be able to work with you on payments. It's when the original creditor turns it over the CA that they like to add all of the fees. I am in the process of disputing these and getting them reduced. Hang in there. Believe me, bankruptcy is not really a healthy option right now.

lrhall41

Submitted by Cow & Chicken on Tue, 02/21/2006 - 16:52

( Posts: 3571 | Credits: )

Don't wait for them to get on the ball, make them get on the bal

Don't wait for them to get on the ball, make them get on the ball. When you want something done in this country, sometimes you have to hit a few high notes or say some unattractive things about them to the BBB.

lrhall41

Submitted by Jedi Mistress Ari on Tue, 02/21/2006 - 17:02

( Posts: 2192 | Credits: )

Scooter, Hang in there, it will get better. T&C has been gr

Scooter,

Hang in there, it will get better. T&C has been great for us and I know Mishele is having a good experience with them. I'm not sure who Ari means in her post but T&C has really been helping a lot of us out so I hope she doesn't mean reporting them.

lrhall41

Submitted by CycloneFan on Tue, 02/21/2006 - 18:15

( Posts: 1155 | Credits: )

So far, I haven't had any problems. When something happens, I c

So far, I haven't had any problems. When something happens, I call them and they handle it from there.

lrhall41

Submitted by Not so Lucky on Tue, 02/21/2006 - 18:56

( Posts: 3041 | Credits: )

My problem was with the creditors wanting more than I can afford

My problem was with the creditors wanting more than I can afford right now. I was able to give some more money per month. I was told they wouldn't turn the checks away and they wouldn't. T & C has done a fine job for me. I think my problem was more with the creditors because I was very frustrated at the time. I would give it some more time.

lrhall41

Submitted by Cow & Chicken on Wed, 02/22/2006 - 03:14

( Posts: 3571 | Credits: )