Help Debts

Posts Tagged ‘credit card company’

My now ex husband did this to the tune of ten thousand dollars..he promised to pay it but did not..lol..he doesnt even pay support for his 2 children aged 5 and 7. I am going to have to declare bankruptcy in the next couple of months because of all HIS debts and my inability to pay them and raise 2 kids. The credit agency keeps calling and I keep ignoring the calls..should I tell them? Will they go after him or do I have to have him charged? Im sick of him getting away with everything and us paying the price..just wondering how to go about things
Ive received a few answers regarding my not doing anything during the statement cycle. My ex was in a position to get the mail before I returned home from work and did so. I was never expecting statement anyway as I had paid the card off and put it away so it wouldnt get used..I only discovered it missing when the girls and I finally left and happened to get a hold of a statement before him..I flipped and..my lawyer has copy of it..also copies of him forging my name..the credit card company should have noticed the different signature and contacted me immediately..maybe then I owuld have found out before it was wracked up so high

It would take me years to pay back my entire debt to these billion dollar credit card companies, which I don’t feel at all guilty about with all the interest that they charge.

However, I want to resolve my debts in order to improve my credit score. Are there any good websites that offer advice and ways to settle these debts at relatively low amounts?

Thanks in advance.
Also, some of my debts have been delinquent for over 5 years and have been sold off to collection companies. How do you settle these if the credit card company is no longer involved in the debt (i.e., they sold the rights to the money).

Can you negotiate debt owed to a credit card company without using the aid of a company who specializes in this? If you agree to an amount to pay off each month and close the account can the credit card company stop the monthly finance charge?

i lost my job and i’ve been out of work for 6 months, all i could get was a part time minimum wage job in retail. i am in debt of about 15k, out of the 15k debt, 3k is the student loan and 8k of it is credit card at 23% interest! i don’t make enough which is the frustrating part and im in too much debt for the only 0 a month pay i get each month! i can’t pay the current minimum on what i owe and i even had to move into my parents home to save on rent. i feel really depressed and the credit card company is calling every hour! can they do that legally? i need free financial advice, i don’t know what to do, please help me, i’ve been thinking i have to do something debt consolidation, or something? what are my options? any financial advice is greatly appreciated, thank you!

I am about 10,000 in debt spread out among four cards. The highest is 4,000, the second is 2,500 with 2,000 on each of the remaining two. It started because of a DUI I received and having to pay for a lawyer, fees, insurance, etc … and basically got to a point that was just beyond unmanageable. There are a lot of little factors that went into, if not creating the debt, didn’t allow me to pay it off because I had to pay for other things as well. I have completely learned my lesson and do not drink and drive under any circumstances and actually have influenced others, not solely because of the danger and legal issues involved but also because of the financial mayhem it has created for me. With my income and other current finances (i.e. gas bill, gas for car, rent, cell phone, and food), I have just barely been able to make the minimum payments on all my cards (and sometimes I can’t even do that) let alone even thinking about chipping away at the actual balance. My DUI was two and a half years ago and while everything is settled with that, I don’t see myself being debt free from it ever.

The highest card (with 4,000) is the one that came into question I couldn’t keep up with the interest, over the limit fee, sometimes late fee and it snowballed to the point where I now owe them one thousand just to keep it current. I don’t have that money. I talked to a very nice lady today and she gave me all of my options and one of them was settling for 800. At first I didn’t think I had heard her right because it didn’t make sense why the credit card company would want to accept such a gross discount on the actual balance just to close it out. But she said that a lot of times, the companies just want to collect something but that it would surely be reported to the credit agency, not as a failure to pay but an agreement that was not what was previously contacted. However, I can’t help but want to take it, even if it were to hurt my score because right now, I don’t need credit and even though i know I will need it in the future, this debt is ruining my life right now. I can’t save anything, I stress about it all the time and I would rather the money I am making serve more of a purpose than paying off mere interest rates and late fees. I feel that if I were to settle the account, (oh, also, I would be settling the next highest account for 2500 because the two are connecting and apparently you can’t do one without doing the other) and only have the remaining 4.000 on the two cards with the better interests rates, I can pay those off, be debt free and than start saving my money and putting it to better use like investing or a savings account (p.s. the two credit cards I want to settle are actually associated with the bank that I have my checking and savings with) so I feel that I can rebuild my relationship with them just by keeping money in the bank and maybe after a year or two, reapproaching them to open another credit card after they see my good and responsible streak. I am 26 years old and have been haunted by this debt for two years. It has somewhat stopped me from doing what I want to do and has sucked way too much time and energy out of me. While I know that it is bad to hurt your credit sometimes peace and mind and the idea of a clean slate to start over and prove yourself seems priceless because honestly, if I were to die tomorrow, would it have mattered if I was in debt (no I am not married, with any kids) and honestly, what is eight grand in the scheme of the things? Or rather, what is having bad credit for a couple of years worth versus finally feeling like what I am doing is proactive towards my life, not reactive like having to pay just end meet towards a balance that I will not see myself out of otherwise? I am confused, I don’t know if anyone even took the time to read all of this because I know that it is a lot but …please, I need some advice. Right now, I am leaning towards settling just to see myself out of this mess so that once I have broken even, I can be much more productive with my money and if I get enough in the positive (and I am wicked good at saving money as long as I don’t have wasted bills to pay), than the money I have will be more influential than my credit.
To: Get a life …

I, first of all, have been so prudent with myself already that it has almost made me feel like I am not living, and two, I CAN’T get a loan! I don’t think … If my credit is already bad, what harm can it do to make it worse? Seriously? I don’t want this hanging over my head in five years and honestly, without this debt, I feel like I can soar. I am one of those people who can not be in dent and I have realized it and accepted it and now want to attain the life type of life where it doesn’t matter what your credit is .. you have a shit load of of money … does anyone understand this?

I am about 10,000 in debt spread out among four cards. The highest is 4,000, the second is 2,500 with 2,000 on each of the remaining two. It started because of a DUI I received and having to pay for a lawyer, fees, insurance, etc … and basically got to a point that was just beyond unmanageable. There are a lot of little factors that went into, if not creating the debt, didn’t allow me to pay it off because I had to pay for other things as well. I have completely learned my lesson and do not drink and drive under any circumstances and actually have influenced others, not solely because of the danger and legal issues involved but also because of the financial mayhem it has created for me. With my income and other current finances (i.e. gas bill, gas for car, rent, cell phone, and food), I have just barely been able to make the minimum payments on all my cards (and sometimes I can’t even do that) let alone even thinking about chipping away at the actual balance. My DUI was two and a half years ago and while everything is settled with that, I don’t see myself being debt free from it ever.

The highest card (with 4,000) is the one that came into question I couldn’t keep up with the interest, over the limit fee, sometimes late fee and it snowballed to the point where I now owe them one thousand just to keep it current. I don’t have that money. I talked to a very nice lady today and she gave me all of my options and one of them was settling for 800. At first I didn’t think I had heard her right because it didn’t make sense why the credit card company would want to accept such a gross discount on the actual balance just to close it out. But she said that a lot of times, the companies just want to collect something but that it would surely be reported to the credit agency, not as a failure to pay but an agreement that was not what was previously contacted. However, I can’t help but want to take it, even if it were to hurt my score because right now, I don’t need credit and even though i know I will need it in the future, this debt is ruining my life right now. I can’t save anything, I stress about it all the time and I would rather the money I am making serve more of a purpose than paying off mere interest rates and late fees. I feel that if I were to settle the account, (oh, also, I would be settling the next highest account for 2500 because the two are connecting and apparently you can’t do one without doing the other) and only have the remaining 4.000 on the two cards with the better interests rates, I can pay those off, be debt free and than start saving my money and putting it to better use like investing or a savings account (p.s. the two credit cards I want to settle are actually associated with the bank that I have my checking and savings with) so I feel that I can rebuild my relationship with them just by keeping money in the bank and maybe after a year or two, reapproaching them to open another credit card after they see my good and responsible streak. I am 26 years old and have been haunted by this debt for two years. It has somewhat stopped me from doing what I want to do and has sucked way too much time and energy out of me. While I know that it is bad to hurt your credit sometimes peace and mind and the idea of a clean slate to start over and prove yourself seems priceless because honestly, if I were to die tomorrow, would it have mattered if I was in debt (no I am not married, with any kids) and honestly, what is eight grand in the scheme of the things? Or rather, what is having bad credit for a couple of years worth versus finally feeling like what I am doing is proactive towards my life, not reactive like having to pay just end meet towards a balance that I will not see myself out of otherwise? I am confused, I don’t know if anyone even took the time to read all of this because I know that it is a lot but …please, I need some advice. Right now, I am leaning towards settling just to see myself out of this mess so that once I have broken even, I can be much more productive with my money and if I get enough in the positive (and I am wicked good at saving money as long as I don’t have wasted bills to pay), than the money I have will be more influential than my credit.
To: Get a life …

I, first of all, have been so prudent with myself already that it has almost made me feel like I am not living, and two, I CAN’T get a loan! I don’t think … If my credit is already bad, what harm can it do to make it worse? Seriously? I don’t want this hanging over my head in five years and honestly, without this debt, I feel like I can soar. I am one of those people who can not be in dent and I have realized it and accepted it and now want to attain the life type of life where it doesn’t matter what your credit is .. you have a shit load of of money … does anyone understand this?

I have signed a 3 -yrs contract with a debt consolidation company, but last week I received a call which was from the credit card company. They said they denied the "deal" (honestly, I didn’t get what they said), and they would sue me if I didn’t pay the balance right away. Then I called the debt consolidation company, they said the credit card company was only threatening me. But I am worrying whether it is true, or the debt consolidation didn’t want me to cut the payment I paid them every month?

Another question: Anyone know the formula of credit card finance charge?