66 mustang Posted October 18, 2013 Report Share Posted October 18, 2013 ??? Quote Link to comment Share on other sites More sharing options...
2023 Gold Donors Metal T Posted October 19, 2013 2023 Gold Donors Report Share Posted October 19, 2013 You mean charge you an annual fee (for using said card) ?? Quote Link to comment Share on other sites More sharing options...
66 mustang Posted October 25, 2013 Author Report Share Posted October 25, 2013 sorry, whole topic didn't post. they are saying they will charge off the account because they feel they will not get paid. I know my credit score will take a hit but they don't want to work with me to help get a payment I can do. Quote Link to comment Share on other sites More sharing options...
heaven&hell Posted October 26, 2013 Report Share Posted October 26, 2013 Will They Take A SettlemenT? Quote Link to comment Share on other sites More sharing options...
Mullethead Posted October 27, 2013 Report Share Posted October 27, 2013 Why would they do that? Are you making the minimum payments because I'm not sure they can do that unless there is constant monitoring from the BSA. We have terminated relationships at the bank but only for very specific reasons. I know a little bit about this as does Wes if you want to pm. Quote Link to comment Share on other sites More sharing options...
Nightrain Posted October 28, 2013 Report Share Posted October 28, 2013 can you elaborate more on what's your payment status, etc ? usually it happens when you're not paying the minimum charge or something like that Quote Link to comment Share on other sites More sharing options...
heaven&hell Posted October 28, 2013 Report Share Posted October 28, 2013 I've seen many people get in over their heads and by only making min payments aren't able to pay the debts back and go through Consumer Credit Counseling to consolidate where you make one payment and the CCC helps you with getting the credit companies to agree to settlements. This beneficial to those companies because if you owe them money their happy to get somethign instead of someone filing a chapter 7 BK and them getting nothing. However if you do have to go this route always always always get a settlement offer in writing and keep it and follow up to make sure they report any payments to the credit bureau correctly as many do not. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.