I don’t think it’s right they can reneg on terms that are supposed to be good for the life of the account, like upping the interest rate (of course you’re given the option of closing the account). If I can’t get the debt reduced we are going to soon be unable to pay the bills. Will they work directly with me?
No probably not. At least register a complaint w/your congressman they are doing it to everyone even people w/perfect credit. Not missed a payment ever.
The reason is they had a tripling of bankruptcies in 08. Also next year they will not be able to increase rates w/o good cause like missing payments.
The fools are doing it to their best customers alienating people more and they don’t want to be nationalized? They deserve to be, they are the reasons for the whole economic crisis. I’m hoping for a class action suit. What they are doing is reprehensible.
If you call them maybe embellish a little about your income, and give them a plan to make sure that you can pay the debt they may restore the interest rate, and give you your cr. limit back.
They are playing dangerous games, and further alienatiog an angry public. Many people are just not paying thos that do this to thm, who feel they have never been late, and don’t deserve this. With the hope that a whole new capitliisim arises, the nations economy is in tatters, spending needed for deflation, and they do just the opposite of what they should be doing.
Like I sd in England they have been nationalized. I hope we go this way or let them fail. Thieves. with white shirts and ties, no better than Enron, A.I.G. the Madoff character. Down w/big business, and join the populist movement against the wealthy and priveledged exploiting the working class to the extent of bringing our nation to the brink of depression.
YES.. A FRIEND OF MINE HAD DONE IT.. I WAS THINKING ABOUT DEBT CONSOLIDATING… BUT IF I DID THAT I WOULD HAVE TO PAY THE CONSOLIDATOR…. YOU CAN WORK DIRECTLY WITH THE COMPANY AND THEY CAN LOWER DOWN THE RATE AND WORK ON LOWERING YOUR MONTHLY… GOOD LUCK…
References :
Work directly with the company you owe money to. Outsiders will only cost you money for doing what you can do yourself.
References :
Banks (credit card companies) always have terms in the agreement that says they can raise your interest rate (which I assume is variable) if you default, miss a payment, etc. They have the right to do this and will do it at times even when everything is going well for your account. I have had to call Chase before because they raised my rate for no reason. When I called, they apologized and lowered it again.
If you are having trouble with your bills, don’t wait. Call them as soon as possible so they have a record you were trying to get help. Depending on who the bank is that you have the card through, most banks are very willing to negotiate. I just recently posted about a payment plan I was offered to close my accounts. Call them and tell them you need some help and want to know what plans they have available. Don’t commit to anything over the phone right away – sit down and look over the options they give you and then make a decision. They should give you a number to call back when you decide. Hope this helps.
References :
Yes you can, but remember that it might hurt your credit score.
References :
http://www.finance-help-guide.com/debt-settlement/
No probably not. At least register a complaint w/your congressman they are doing it to everyone even people w/perfect credit. Not missed a payment ever.
The reason is they had a tripling of bankruptcies in 08. Also next year they will not be able to increase rates w/o good cause like missing payments.
The fools are doing it to their best customers alienating people more and they don’t want to be nationalized? They deserve to be, they are the reasons for the whole economic crisis. I’m hoping for a class action suit. What they are doing is reprehensible.
If you call them maybe embellish a little about your income, and give them a plan to make sure that you can pay the debt they may restore the interest rate, and give you your cr. limit back.
They are playing dangerous games, and further alienatiog an angry public. Many people are just not paying thos that do this to thm, who feel they have never been late, and don’t deserve this. With the hope that a whole new capitliisim arises, the nations economy is in tatters, spending needed for deflation, and they do just the opposite of what they should be doing.
Like I sd in England they have been nationalized. I hope we go this way or let them fail. Thieves. with white shirts and ties, no better than Enron, A.I.G. the Madoff character. Down w/big business, and join the populist movement against the wealthy and priveledged exploiting the working class to the extent of bringing our nation to the brink of depression.
References :
realtor, credit counselor, who does not supposed to have opinions but does, and former stu loan consloidator.
Hi,
You don’t mention where you are. If you’re in the U.K. you can legally challenge any credit card debt if it fails to meet certain criteria. This is a perfectly legal procedure. The lender has failed to comply with the law and therefore the debt is unenforceable.
References :
http://www.write-off-credit-card-debt.co.uk
When choosing to reduce credit card debt, some people choose to use professional help such as an attorney or a credit counseling service to settle for them. These are good idea, but there are a few basic things to keep in mind here as well. First, the counselor should consider the individual’s entire personal finances and should consider their entire financial lifestyle and on building a solid financial foundation.