Recently, I applied for Citi Diamond Preferred Card, but my application was rejected straightway.
I was told that my credit score is too low. I checked my credit report and found that there are a couple of unpaid credit card accounts.
I borrowed $1000 from Liberty Group and $500 from Zip 19 in 2015. I didn’t see these lenders on my credit report. Can you tell me why? Should I contact these lenders and pay?
Credit card accounts have been assigned to debt collection agencies. I owe $7500 on one account and $6000 on another account. What should I do? It isn’t possible for me to pay off these accounts.
Credit cards - Contact creditors and negotiate for a settlement.
Sub: #1 posted on Wed, 08/09/2017 - 22:38
Moderators
(Posts: 3937 | Credits: )
For the credit card accounts, before negotiating a settlement with the collection agency, make a realistic repayment proposal. Decide the total amount you can afford to pay to settle the entire debt.
Sub: #2 posted on Thu, 08/10/2017 - 06:41
(Posts: 467 | Credits: )
Sub: #3 posted on Fri, 08/11/2017 - 04:14
Industry Expert
(Posts: 2827 | Credits: )
Sub: #4 posted on Fri, 08/11/2017 - 05:26
(Posts: 293 | Credits: )
Yes, go for settlement if the creditors agree.
Sub: #5 posted on Fri, 08/11/2017 - 06:04
(Posts: 1234 | Credits: )