Discover issues
Date: Mon, 02/21/2011 - 08:56
In 2008 I got behind in payments to Discover, and several other credit cards as well. I joined a program that lowered the interest to a reasonable 7.99 %. I paid on this account for a year, not missing any payments and the balance was going down and out of the blue.. they jacked the interest to 28.99%.
I called the compay and told them I thought I was in a program, and that is when I was told the program was for only a year and there was nothing they could do for me.
Needless to say, I got behind again, and they have been trying to convince me, that they are wanting to help me again. Now they say I can't be in another program, but if I pay the outstanding past due, they will credit my account monthly on the excess interest charged monthly over the 7.99%.
They want my account number and routing number to withdrawn their payment every month automatically. I DO NOT TRUST THEM AGAIN!!
They say they will "charge off" the balance @ the end of the month if I don't agree to their offer.
Would it be out of line to ask for a letter in writing stating the agreement?
Thanks for any advice.
I called the compay and told them I thought I was in a program, and that is when I was told the program was for only a year and there was nothing they could do for me.
Needless to say, I got behind again, and they have been trying to convince me, that they are wanting to help me again. Now they say I can't be in another program, but if I pay the outstanding past due, they will credit my account monthly on the excess interest charged monthly over the 7.99%.
They want my account number and routing number to withdrawn their payment every month automatically. I DO NOT TRUST THEM AGAIN!!
They say they will "charge off" the balance @ the end of the month if I don't agree to their offer.
Would it be out of line to ask for a letter in writing stating the agreement?
Thanks for any advice.
First off, do nothing with them until you get it in wriitng. Th
First off, do nothing with them until you get it in wriitng. They offered me that 7.99% program first but I kept telling them that I couldn't afford it so they knocked off about 25% of the bill and letme pay the rest over 5 years at 0.9% interest.
Keep pushing for it and keep telling them that you can't afford anything else and they may be open to changing your program.
