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what to do?

Date: Sun, 09/23/2007 - 16:24

Submitted by anonymous
on Sun, 09/23/2007 - 16:24

Posts: 202330 Credits: [Donate]

Total Replies: 3


I have poor credit. I have one credit card with almost $6,000 on it. I was in a debt management program but decided to let them go since most of the money I paid them went into their pockets and not toward my credit card balance. I have tried to pay them on my own but with only one income with a family of four, that is somewhat hard to do. What I am afraid of is that this credit card company will not allow me to join another 'program' and therefore I would again have to struggle to pay down a large debt with a large interest rate. Is there any advice that you could offer me? I also had a credit card that wsa paid with a settlement and that is showing up on my credit report, is that something that I need to pay on when I get some extra cash or does it not affect my credit report/score? Thank you for your assistance!


You should register as that will entitle you to a free debt consultation. Someone should contact you either by mail or phone your preference and they will be able to discuss your options with you at that time.

Keep your chin up...don't let this get you down. There alot of people on this board that have been or somewhat close to where you are coming from.

ladybug


lrhall41

Submitted by ladybug on Sun, 09/23/2007 - 17:01

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I'm not sure if the credit card will go with another company either. Is this still with the original creditor, or with a collection agency?

As far as the other debt goes, if it was settled and paid, it should reflect that, or something to the effect of Settled for less, if not, you can dispute that if you have something saying this was settled.

Keep posting and asking questions, we are here to help..KAren :rose: :rose:


lrhall41

Submitted by Bossy4455 on Sun, 09/23/2007 - 17:27

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I agree with bossy. If you paid the other card with a settlement then it should reflect as such in your credit report. I think it affects your score a little but it looks better than a charge off. It shows that you were making an effort to pay the debt and that is much more favorable than just not paying at all. As for the other, I too feel a consultation with a debt manager is a good idea.


lrhall41

Submitted by eleroo on Sun, 09/23/2007 - 17:41

( Posts: 1220 | Credits: )