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Author
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Topic: credit cards???
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BlowN67
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Member # 4229
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posted
 
 
has anyone worked it out with them on a settlement number?
say its a 3k balance on a card. can i talk to them an get it alot lower for a settlement. i know the card will be closed after that an probably will put a ding on credit. but i have a few of these tyupe of balances an i'm losing my jopb here in March so trying to get my life together before it dumps lol
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AIM gonein67 JOHN
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Posts: 9809 | From: Home of LARD | Registered: Mar 2004
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Cm4hawks
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Member # 5231
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posted
Remember to call me in march or so
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Posts: 1818 | From: Pacheco CA | Registered: Jan 2005
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venomous99
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Member # 1917
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posted
its hit or miss on whether these companies will forgive interest let alone principle. best bet is to give them a sob story and see if they take the bait... the worst they can do is say no.
if they happen to forgive any amount ull receive a 1099 cancellation of debt end of the year, which you'll be paying tax on so keep that in mind. and obviously your credit will take a hit.
Posts: 4811 | From: dc | Registered: Oct 2002
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5.t0es
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Member # 5864
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posted
quote:
Originally posted by BlowN67:
has anyone worked it out with them on a settlement number?
say its a 3k balance on a card. can i talk to them an get it alot lower for a settlement. i know the card will be closed after that an probably will put a ding on credit. but i have a few of these tyupe of balances an i'm losing my jopb here in March so trying to get my life together before it dumps lol
are you in default and paying the default rate? if not just pay the minimum payment until u can afford more, dont ruin your credit.
Posts: 2990 | From: eb | Registered: Jul 2005
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Venomized93
Founding Member
Member # 55
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posted
Which credit companies are you looking for HARDSHIP?
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2018 Tesla Model 3 Performance
Posts: 2077 | From: San Francisco, California | Registered: Oct 2000
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t top freak
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Member # 6269
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posted
some companies will forgive payments due to job loss.
id call them ahead of time
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Posts: 1023 | From: sacramento | Registered: Dec 2005
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BlowN67
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Member # 4229
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posted
i just tried calling an talking to a chase card i have. what a waste of time. first they raised my rate to 15.24 from 9.9.. so i called to settle it for a debt forgiveness. i told them i'll pay 10% once i get it in writing. they went to further review an said we cant do that sir we can do 80% i said no thank you i guess will just wait a mointh an file for bankrupsty
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AIM gonein67 JOHN
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Posts: 9809 | From: Home of LARD | Registered: Mar 2004
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Rigo5.0
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Member # 5247
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posted
Credit card companies are F'n snakes!!!
I have an account with Chase and they jacked my interest rate to hell just because I was late once (was on VAC and forgot). I've called them numerous times and they wont do anything. Also have a CITI card and they just jacked up the rate because they said, "CITI had to do this in order to keep lending", yea fuk you too!
As soon as tax returns come, they can all go to hell!
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Posts: 1454 | From: Kansas City | Registered: Jan 2005
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*EPIK*
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Member # 7481
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posted
I had a visa with a very large limit. A little over a year ago, I got a letter saying that the current rate, that was 9.9 at the time, was going to be jacked up to something stupid like 17.9, unless I cancelled it within a month. If I closed the card, the rate would stay at 9.9. Needless to say, I closed that account asap, & kept my 9.9 rate.
Credit card companies are shystie!!!!
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Posts: 6966 | From: 916 | Registered: Mar 2007
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Venomized93
Founding Member
Member # 55
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posted
quote:
Originally posted by BlowN67:
i just tried calling an talking to a chase card i have. what a waste of time. first they raised my rate to 15.24 from 9.9.. so i called to settle it for a debt forgiveness. i told them i'll pay 10% once i get it in writing. they went to further review an said we cant do that sir we can do 80% i said no thank you i guess will just wait a mointh an file for bankrupsty
is Chase the only company you need to do this with? Don't jump the gun on filling a BK just yet.
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2018 Tesla Model 3 Performance
Posts: 2077 | From: San Francisco, California | Registered: Oct 2000
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sinisterblk
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Member # 8425
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posted
your best bet if you stil hav decent credit is try to find a card that is offering a 0 or low percentage rate introductory offer on balance transfer consolidate and stop making them money. you will probably have a3% transaction fee but its still better than most aprs.
Posts: 549 | From: angels camp | Registered: May 2008
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BlowN67
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Member # 4229
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posted
no i have more than enough to not make it comfortable here. I have a house. working on a loan mod. i have a large debt that needs to be cleared. I dont see myself purchacing anything anytime soon. My credit isnt the best right now anyway. ![[Frown]](frown.gif)
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AIM gonein67 JOHN
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Posts: 9809 | From: Home of LARD | Registered: Mar 2004
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5.t0es
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Member # 5864
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posted
quote:
Originally posted by BlowN67:
no i have more than enough to not make it comfortable here. I have a house. working on a loan mod. i have a large debt that needs to be cleared. I dont see myself purchacing anything anytime soon. My credit isnt the best right now anyway.
loan mods are a pain good luck bro
Posts: 2990 | From: eb | Registered: Jul 2005
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Yaterstang
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Member # 7659
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posted
If you file for bk, doesnt the judge have the ability to modify your loan? If so i'd say fuck you to the credit card company anyways. Shit if you still have a balance i'd go on a little shopping spree earlier than later. Summit spree?
Posts: 2968 | From: Natomas | Registered: May 2007
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hidnn.o.s.
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Member # 1219
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posted
quote:
Originally posted by Yaterstang:
If you file for bk, doesnt the judge have the ability to modify your loan? If so i'd say fuck you to the credit card company anyways. Shit if you still have a balance i'd go on a little shopping spree earlier than later. Summit spree?
Then they have the ability to appeal the BK for "fraud" and you can either be liable for that recent amount, OR, if they deem it to be bullshit they can reverse the full amount or total BK.
Goodluck with that...
Posts: 15950 | Registered: Apr 2002
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