RE: What is the worst credit card companies can do if you default on your account and won't pay?

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RE: What is the worst credit card companies can do if y... - 1/23/2013 7:42:25 PM

Notsweet

Posts: 873
Joined: 6/11/2006
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There is a non-profit company located in most states. Look at http://www.consumercredit.com/. It's a private cmpany, but many state governments will refer you to them. And of course, if someone is really harrassing you about it, report them to your State's Attorney.

(in reply to tj444)

Post #: 21

RE: What is the worst credit card companies can do if y... - 1/23/2013 7:43:26 PM

Toppingfrmbottom

Posts: 6528
Joined: 6/7/2009
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We're calling monday and seeing what can be arranged so that they can talk to the creditors and let them know we're not hiding from them.

If they refuse to make something work we'll go from there.

quote:

ORIGINAL: NuevaVida

They seized and froze my ex husband's bank account. Can you cut your contract with CareOne? Might want to consult with an attorney on this one.
.

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Post #: 22

RE: What is the worst credit card companies can do if y... - 1/23/2013 7:46:00 PM

servantforuse

Posts: 6363
Joined: 3/8/2006
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Why won't you call the creditors ? This company is already taking you to the cleaners and you re still willing to trust them ?

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Post #: 23

RE: What is the worst credit card companies can do if y... - 1/23/2013 7:47:50 PM

Toppingfrmbottom

Posts: 6528
Joined: 6/7/2009
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That may be so for some, but not all of them. Care one already got one down from 1 k or so to 400 dollars, that's a huge cut, but then i find out in the mean time the other people are thinking we're hiding from them.

quote:

ORIGINAL: servantforuse

Most of these '3rd party companies' are rip offs. The money you are paying them could be going to pay down the debt. You will end up paying for both.

quote:

ty companies' are rip offs. The money you are paying them could be going to pay down the debt. You will end up paying

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Post #: 24

RE: What is the worst credit card companies can do if y... - 1/23/2013 7:49:57 PM

LafayetteLady

Posts: 7683
Joined: 5/2/2007
From: Northern New Jersey
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I don't know if all the reputable companies do it this way, but I have a friend who used one some years back and here is how I understand it worked for him:

He spoke with the debt management company.
They looked at his income, his expenses and what those debts were.
They created a budget plan for him and negotiated with the credit card companies what he could pay.
Then he made a lump sum payment to them and they paid each of his creditors every month and I assume their fee was included in that as well.

Don't ever sign something without completely reading and UNDERSTANDING what the contract says. If you aren't sure, ask questions. If you can't remember, highlight the item in the contract, and write down their answers. If you still aren't sure, tell them you want to take the agreement home and go over it in your own time frame and you will get back to them. Then have someone help you go over it and write your questions down.

After all that, if you don't like the answers they give you, tell them to go pound salt and find someone else.

(in reply to Toppingfrmbottom)

Post #: 25

RE: What is the worst credit card companies can do if y... - 1/23/2013 7:56:46 PM

Toppingfrmbottom

Posts: 6528
Joined: 6/7/2009
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I recommended them to Daddy because I am dealing with care one for my debt repayment plan, and it has been so far a very wonderful program. True debt settle ment and debt repayment are two different plans but still.

We went with them and not each company because we don't have enough money to work out a plan with each company. Each company wanted at least with care one you pay 126 dollars a month, they hold onto it and build it into a nest egg then they contact the companies you owe debt to, and they haggle until they've reached a better repayment than what you would have owed alone. Which is a huge help when you owe a bunch to 4 different cards.

And no servant for use I will not tell you how much Debt Daddy owes the companies because I know you're most likely asking to then make a snide or nasty come back and not out of a genuin need to know or help.

quote:

ORIGINAL: tj444

Why did you deal with them? They sound pretty scammy, it took me 2 secs to google and find sites with complaints about them.. Why didnt you just work something out with each company on your own?

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Post #: 26

RE: What is the worst credit card companies can do if y... - 1/23/2013 8:04:33 PM

servantforuse

Posts: 6363
Joined: 3/8/2006
Status: offline

I can guess that the debt you two have racked up is considerable. I don't feel sorry for either one of you. We all have choices to make every day in our lives and eventually we pay for those choices one way or the other.

(in reply to Toppingfrmbottom)

Post #: 27

RE: What is the worst credit card companies can do if y... - 1/23/2013 8:09:08 PM

Toppingfrmbottom

Posts: 6528
Joined: 6/7/2009
Status: offline

They're his. in his name only. I am an authorized user on one or two of them possibly, but when I say we signed up, I talked him into signing up.

He owned a car yes, but it broke down and we had to go to carmax and have my dad co sign a loan for us for a new car, so No he doesn't own the car.

I tried telling them we're under care one credit.com's services and they said well ma'am we're not authorized to talk to care one , we can not call them.

I found out because when the people who're in the collections department called and asked for ____ I told them No sorry he's at work, and they asked was I authorised to discuss the account with them. I told them yes I was, I told them we're working with careone credit and under our program with them we are not allowed to make payment plans, or agreements with you, nor discuss settlements with you.

The credit card person then said well we have no record on file of you working with care one, and we need you to make a payment of 125 dollars, if you do not make the payment today you will be accessed a 35 dollar late fee. I repeat again we're working with care one and we are not allowed to make payment agreements or agree to anything you careonecredit has to deal with that , and they said well ma'am we're not allowed to talk to careonecredit, and you do need to pay us, this account is passed due and we really do want you to keep this account, but if you won't pay us, we will close this account.

And then

quote:

ORIGINAL: LafayetteLady

I know you said, "we," but are the cards in BOTH your names? I know you and your partner are not married, and given that he works and you are on disability, what they can do to each of you is different.

First, if CareOne is telling you not to answer the phone, dump them. You should have answered the calls and referred them to CareOne to handle the matter. Then your creditors could have called this debt management company and dealt with them. Also, if you had done that, there is a good chance they would have stopped calling you.

While I'm curious how you found out that the credit card companies were unaware, it really isn't that important.

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Post #: 28

RE: What is the worst credit card companies can do if y... - 1/23/2013 8:14:20 PM

Toppingfrmbottom

Posts: 6528
Joined: 6/7/2009
Status: offline

I'm not asking for your sympathy nor do I want it, but I do recognize that you're probably asking so you can say something nasty, which you apparently love to do. So I am not telling you, or any one else how much the debt is or isn't, just so something nasty can be said.

quote:

ORIGINAL: servantforuse

I can guess that the debt you two have racked up is considerable. I don't feel sorry for either one of you. We all have choices to make every day in our lives and eventually we pay for those choices one way or the other.

_____________________________

One world under lube with vibrators and dildo's for all! quote from the sex toy 101 book

(in reply to servantforuse)

Post #: 29

RE: What is the worst credit card companies can do if y... - 1/23/2013 8:23:19 PM

Kaliko

Posts: 3381
Joined: 9/25/2010
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quote:

ORIGINAL: Toppingfrmbottom

I'm not asking for your sympathy nor do I want it, but I do recognize that you're probably asking so you can say something nasty, which you apparently love to do. So I am not telling you, or any one else how much the debt is or isn't, just so something nasty can be said.

Nor should you say anything about what you owe.

You can call the credit card companies yourself (or him..whoever has the cards). You can tell them you'd like to be put on a payment plan. You can even spell out the terms in writing, offer it to them, and see if they'll accept it. I did that a few years back. They froze my cards for me while I paid them off, but they also lowered the interest rate (in one case, down to zero percent!) and when I paid them off, they were opened back up to me again.

It may take some tact and possibly a little bit of only slightly obvious groveling, but it can be done.

(in reply to Toppingfrmbottom)

Post #: 30

RE: What is the worst credit card companies can do if y... - 1/23/2013 8:32:29 PM

NuevaVida

Posts: 6707
Joined: 8/5/2008
Status: offline

quote:

ORIGINAL: Toppingfrmbottom

I'm not asking for your sympathy nor do I want it, but I do recognize that you're probably asking so you can say something nasty, which you apparently love to do. So I am not telling you, or any one else how much the debt is or isn't, just so something nasty can be said.

You don't owe any of us an answer to how much you owe, and it's a bit of a forward question to ask.

I've been in credit card debt hell before, I understand how it can happen. I hope you guys can get out from under soon. Kudos to you for trying to do something about it.

_____________________________

Live Simply. Love Generously. Care Deeply. Speak Kindly.

(in reply to Toppingfrmbottom)

Post #: 31

RE: What is the worst credit card companies can do if y... - 1/23/2013 8:38:48 PM

Toppingfrmbottom

Posts: 6528
Joined: 6/7/2009
Status: offline

That's what care one did for me. They asked me about every debt I had, They asked me how much money I made, and what my budget was, what I could afford to pay them and still live. Then they sent all my creditors a proposal to lower my interest rate and how much I owed them, they took one card from 60 dollars a month and got it down to 30 and one down from 45-50 to 10 , they got interest rates of 25 and 30 percent dropped down to 1.0 percent.. I pay care one x amount of dollars, that includes their 25 dollar a month fee, and then they parcel it out to the companies I owe money to. Under the lower rates I have already got one card paid off, but they were almost all paid off anyway.

quote:

ORIGINAL: LafayetteLady

I don't know if all the reputable companies do it this way, but I have a friend who used one some years back and here is how I understand it worked for him:

He spoke with the debt management company.
They looked at his income, his expenses and what those debts were.
They created a budget plan for him and negotiated with the credit card companies what he could pay.
Then he made a lump sum payment to them and they paid each of his creditors every

< Message edited by Toppingfrmbottom -- 1/23/2013 8:49:42 PM >

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One world under lube with vibrators and dildo's for all! quote from the sex toy 101 book

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Post #: 32

RE: What is the worst credit card companies can do if y... - 1/23/2013 8:45:09 PM

jlf1961

Posts: 14840
Joined: 6/10/2008
From: Somewhere Texas
Status: offline

Okay first we do not need an explanation from you about what you pay to any creditor. that is personal information.

Secondly, been there, done that. Would you like my t-shirt.

I have run up five digit medical bills in the last 9 months, so I am back in the same boat as you are.

_____________________________

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You cannot control who comes into your life, but you can control which airlock you throw them out of.

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(in reply to Toppingfrmbottom)

Post #: 33

RE: What is the worst credit card companies can do if y... - 1/23/2013 8:47:49 PM

Toppingfrmbottom

Posts: 6528
Joined: 6/7/2009
Status: offline

Thank you, I've been trying to work really hard on my own personal debt, and I have already managed to pay off two credit cards, and I am on my way to paying off a few more, Unfortunately though Calley may needs vet care so I am struggling to figure out how to pay for that. So that's gonna set me back a bit. But I have already climbed a long way out of a big depressing hole, that I can see day light in some of the cracks.

quote:

ORIGINAL: NuevaVida

I've been in credit card debt hell before, I understand how it can happen. I hope you guys can get out from under soon. Kudos to you for trying to do something about it.

quote:

uch you owe, and it's a bit of a forward question to ask.

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One world under lube with vibrators and dildo's for all! quote from the sex toy 101 book

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Post #: 34

RE: What is the worst credit card companies can do if y... - 1/23/2013 8:57:46 PM

NuevaVida

Posts: 6707
Joined: 8/5/2008
Status: offline

quote:

ORIGINAL: Toppingfrmbottom

Thank you, I've been trying to work really hard on my own personal debt, and I have already managed to pay off two credit cards, and I am on my way to paying off a few more, Unfortunately though Calley may needs vet care so I am struggling to figure out how to pay for that. So that's gonna set me back a bit. But I have already climbed a long way out of a big depressing hole, that I can see day light in some of the cracks.

Hey seeing some daylight is a good thing! Keeps you hopeful and motivated. And I know what you mean about vet bills. The last time Viktor got really sick I put nearly $2000 in vet bills on my card to save his life.

People tend to assume because someone's in credit card debt, that means they're living high on the hog and way beyond their means. I remember a time I had to grocery shop on credit because I had no money. And then I had to pay one credit card bill with a credit card check from another card. It was while I was going through my divorce, financially broken, and then got laid off, to boot. You do whatcha gotta do, and you make it right when you can.

I remember when Citibank lowered my credit line to BELOW what I already owed, and then charged me an over-limit fee of $35. I had to laugh at that one, but I did call them and worked that out.

My best wishes to both of you on this one.

_____________________________

Live Simply. Love Generously. Care Deeply. Speak Kindly.

(in reply to Toppingfrmbottom)

Post #: 35

RE: What is the worst credit card companies can do if y... - 1/23/2013 9:02:13 PM

DarkSteven

Posts: 28072
Joined: 5/2/2008
Status: offline

quote:

ORIGINAL: Toppingfrmbottom

He owned a car yes, but it broke down and we had to go to carmax and have my dad co sign a loan for us for a new car, so No he doesn't own the car.

I'm not so sure. Cosigning the loan means that your dad is responsible for the payments if your Dom doesn't pay. If your Dom's name is on the title, even as co-owner, I believe that the car can be seized.

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Post #: 36

RE: What is the worst credit card companies can do if y... - 1/23/2013 9:11:38 PM

Toppingfrmbottom

Posts: 6528
Joined: 6/7/2009
Status: offline

jlf, I am very sorry to hear that, I wish it had been something necessary, most of it was being stupid with the CC and getting carried away.

quote:

ORIGINAL: jlf1961

Okay first we do not need an explanation from you about what you pay to any creditor. that is personal information.

Secondly, been there, done that. Would you like my t-shirt.

I have run up five digit medical bills in the last 9 months, so I am back in the same boat as you are.

quote:

u like my t-shirt.

I have run up five digit medical bills in the last 9 months, so I am back in the same boat as you are.

_____________________________

One world under lube with vibrators and dildo's for all! quote from the sex toy 101 book

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Post #: 37

RE: What is the worst credit card companies can do if y... - 1/23/2013 9:16:37 PM

Toppingfrmbottom

Posts: 6528
Joined: 6/7/2009
Status: offline

I thought 600 was bad, and then we had her at the vet to get a second opinion on her lump, and I mentioned calley coughs and acts like she's going to vomit a lot, and the dr said it could be a neurological disorder, and she'd need x rays of her chest and her throat and it'd be 500 dollars for the 3-4 x rays she needs. So on top of the 600 we need 400. And she really should have her teeth cleaned which is 500, but that can wait.

I got one card all paid off and then my cocker spaniel got really sick and it cost me 500 to find out what was wrong with him. Yup, you guessed it, the bill got shoved onto the brand new empty credit card and filled it back up.

Daddy was using his CC to pay for gas, pay for food, pay another CC bill when one came done. there was some small goofing off, but it wasn't high on the hog, lets go out and buy tv's and wii's and what not.

quote:

ORIGINAL: NuevaVida

Hey seeing some daylight is a good thing! Keeps you hopeful and motivated. And I know what you mean about vet bills. The last time Viktor got really sick I put nearly $2000 in vet bills on my card to save his life.

People tend to assume because someone's in credit card debt, that means they're living high on the hog and way beyond their means. I remember a time I had to grocery shop on credit because I had no money. And then I had to pay one credit card bill with a credit card check from another card. It was while I was going through my divorce, financially broken, and then got laid off, to boot. You do whatcha gotta do, and you make it right when you can.

I remember when Citibank lowered my credit line to BELOW what I already owed, and then charged me an over-limit fee of $35. I had to laugh at that one, but I did call them and worked that out.

My best wishes to both of you on this one.

_____________________________

One world under lube with vibrators and dildo's for all! quote from the sex toy 101 book

(in reply to NuevaVida)

Post #: 38

RE: What is the worst credit card companies can do if y... - 1/23/2013 9:16:39 PM

jlf1961

Posts: 14840
Joined: 6/10/2008
From: Somewhere Texas
Status: offline

quote:

ORIGINAL: Toppingfrmbottom

jlf, I am very sorry to hear that, I wish it had been something necessary, most of it was being stupid with the CC and getting carried away.

quote:

ORIGINAL: jlf1961

Okay first we do not need an explanation from you about what you pay to any creditor. that is personal information.

Secondly, been there, done that. Would you like my t-shirt.

I have run up five digit medical bills in the last 9 months, so I am back in the same boat as you are.

quote:

u like my t-shirt.

I have run up five digit medical bills in the last 9 months, so I am back in the same boat as you are.

That is the problem with credit cards. It is easy to justify using it for non emergencies, and once you start it is hard to stop.

That is why I like using a debit card, you cant go over limit unless you have overdraft protection, which I dont and do not want.

_____________________________

Boy, it sure would be nice if we had some grenades, don't you think?

You cannot control who comes into your life, but you can control which airlock you throw them out of.

Paranoid Paramilitary Gun Loving Conspiracy Theorist AND EQUAL OPPORTUNI

(in reply to Toppingfrmbottom)

Post #: 39

RE: What is the worst credit card companies can do if y... - 1/23/2013 9:33:00 PM

Powergamz1

Posts: 1927
Joined: 9/3/2011
Status: offline

You have no computer, no vehicle, no clothes, no books, and no paycheck?

If they wanted to, they could still get a judgement against you, and if you keep ignoring *court* orders, there is the prospect of being arrested... not for debts, but for contempt of court.

That would take quite a while though.

quote:

ORIGINAL: Toppingfrmbottom

They'd have a mighty hard time putting leins on something we don't have. We don't own property, or a house. We have zero assets and live with my parents.

We joined care one credit, and they were supposed to be handling things, but their strategy is apparently to say nothing till they have enough money amassed to pop up with a settlement offer, and then try to negotiate with the company to come down in what they're expecting, so say they want 1 k they're going to negotiate to get it down to 400, , but in the mean time they're not telling our creditors that's what's going on, they're staying silent and letting our creditors think we're ignoring them. We were told not to answer the phone when the creditors call, and not to speak to or make any kind of agreement with the creditors. and I am so majorly freaking out now that I have found out that the creditors have no idea we're working with a 3rd party company. I was under the impression careonecredit people were going to talk to the 4 creditors and let them know what was going on.

quote:

ORIGINAL: MAINEiacMISTRESS

quote:

ORIGINAL: Toppingfrmbottom

They'll call you a shit ton of times, and they'll sell your account to a debt collectors, but after that? what if it's been like 5 months and you won't answer your phone or talk to them?

They could end up putting a lien against your property, though I'm not sure how far it has to go before that happens.

You really should try to work to clean this up before your credit is totally ruined. If your current credit cards are high interest, ANY interest actually, contact another credit card company (check online for cards like Discover, Capital One, Citi bank, Chase, which I've used all of for years with NO INTEREST FEES, NO YEARLY MEMBERSHIP FEES, except the initial transfer fee --usually about 3% of total, a one time charge) and see if they have a 0% interest balance transfer rate.
Don't be afraid to CALL the number on an old card you have lying around that you haven't used in a while, many times they are happy to have you back and will snatch that owed balance away from the "big greedy bastards" and will give you a new rate of 0% on the balance transfer if you ask (So, ASK!).
Most of these no-interest rates last about a year to 18 months, so it can give you a chance to get your head above water and maybe start REDUCING your debt---when the time is up, find another 0% card offer and transfer it again. (do it before your credit is damaged!!!)....even if you can't make more than the minimum payment every month, at least it will stave off disaster while you hunt for a solution/job.

I have done this 0% hopscotch for 15 or 20 years now (I've even bought a CAR and LAND with these 0%'s ) . Just keep the cards when they are paid off, DON"T USE THEM (freeze them in an iceblock, I hope you've learned your lesson!), just leave the paid-off cards dormant...and eventually the 0% offers will come tumbling in in an attempt to entice you back.

--MM

quote:

g a lien against your property, though I'm not sure how far it has to go before that happens.

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(in reply to Toppingfrmbottom)

Post #: 40

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