Home     Contact Us    
Main Board Job Seeker's Board Job Wanted Board Resume Bank Company Board Word Help Medquist New MTs Classifieds Offshore Concerns VR/Speech Recognition Tech Help Coding/Medical Billing
Gab Board Politics Comedy Stop Health Issues
ADVERTISEMENT




Serving Over 20,000 US Medical Transcriptionists

Have U renogiated credit card debt when minimum payment got too high? Do they take your card away,

Posted By: freeze it, and/or raise the interest? Thx. nm on 2006-12-05
In Reply to:

s


Complete Discussion Below: marks the location of current message within thread

The messages you are viewing are archived/old.
To view latest messages and participate in discussions, select the boards given in left menu


Other related messages found in our database

Did anyone's credit card payment any go up
seems chase is changing policies on their credit card holders. charging 10 service fees if you want to keep your promotional rate. also doubling minimum payments. Didn't they have financial problems in 2008?

credit card debt
Not sure what will happen, but I do wish you luck. Credit card debt is an unsecured type of debt. I don't know what more they can do to you other than a judgement. Not sure you can put that under a bankruptcy either once the judgement has been placed. I know a lawyer that handles a lot of bankruptcies -- did some work for him. He always asked his clients if late payments had gone to judgements. If they had not gone that far he was pleased about it. I guess it made things easier legally. Not really sure.
credit card debt relief
Does anyone have any experience with those companies claiming to reduce debt by up to 70%, etc. ?? I'm drowning in debt. :(
Credit Card Debt Counseling

http://www.cccsatl.org/index.asp?_method=view&sc=43&cn=486&md=debtmanagement


Here's what you want to use...  It is called Consumer Credit Counseling Services.  They are legit.  Now back when hubs and I did it about 15 years ago, there were no computers, per se, so we went on site to an office.  I don't know what state you're in or if there is an office local to you, but it looks like you can do this online. 


We did it, completed it, and it was great.  However, they cut your credit cards up in front of you and put them in a huge jar (at least they did back then).  Once you join, there are no more credit cards.  What CCCS does is works with your creditors to reduce interest rates, payment size, etc. because they are networked.  You then make one lump payment to CCCS and they disburse the money.  They also take into consideration your income.  I think that's what makes it all work.  Also, this is what tells them how long it will take to pay off the debt.  Just beware though that if you are "behind" on payments, sometimes certain creditors do not accept CCCS, so they may hassle you still and some just plain won't accept CCCS's offer. 


Believe me, even though we are not late on payments, we had in the past 3 years so much personal stuff go on (sickness, death, etc.) that we have racked up some debt ourselves and may try CCCS again, as one card we have raised the rate to 33% interest because we have a high balance.  We make regular payments.


All in all, it's a great plan and it does work, but you no longer have credit cards (they close the accounts), and you will have a "bad mark" but yet a good mark on your credit report for using CCCS.  Check with them about that though, as I do not know the specifics.  It is way better than bankruptcy...


Hope you find some relief soon!  My thoughts are with you...  I'm not judgemental because I've been there and done that. 


credit card debt lawsuit question

If there is anyone out there who has been sued and had a judgment placed for credit card debt....


What happens when you go to court??  I don't own a house and live week to week (part-time IC, not very supportive husband) so they can't get blood from a stone so to speak.  But I was wondering if anyone has gone to court and what actually happens. 


credit card debt lawsuit question
Anyway you can declare bankruptcy, chpt 7?  I am going that route.  :(

 

Do you have a lot of monies owed where bankruptcy is a real possibility?

 

I'm going through a similar time......talk about stress!!!!!!!

Credit Card Reform Can Cost Good Card Users

Part of article:

Credit cards have long been a very good deal for people who pay their bills on time and in full. Even as card companies imposed punitive fees and penalties on those late with their payments, the best customers racked up cash-back rewards, frequent-flier miles and other perks in recent years.


Now Congress is moving to limit the penalties on riskier borrowers, who have become a prime source of billions of dollars in fee revenue for the industry. And to make up for lost income, the card companies are going after those people with sterling credit.

We pay off our balance every month. If they do this (punish those who have sterling credit) Ridiculous!! I'll stop using my CC and pay by cash or check.

So much for reform.


Why does closing a credit card account negatively affect your credit report

Especially when I never use it anyway, and really never wanted it?


With all the bank rearranging going on in the past few months, one of my accounts was tranferred to Bank of America. I was sent new cards and a new agreement, new interest rate etc...


So I called them up and cancelled but before they did, I had to listen to a spiel about how this would negatively affect my credit report.


Huh?? Why is that?


Credit card (SM)
There was information about credit cards and interest rates going around late last year/early this year.  Basically, from what I understand with the new bankruptcy law this was attached to it.  The credit card companies can and will charge you and me whatever interest rate they want to, and the only thing we can do is cancel the card and pay off the balance.  There were these little inserts with your statements that many of us just throw away and never think about it.  But I did read the ones that were sent with several of my statements, and I kindly told them to keep my rate where it was and I canceled the card.  Sad but true. 
About my credit card
I owed close to $10,000.00 about 2 months ago on my credit card and called to make sure I sent the right amount as paying it off. After I paid in full, they also sent a "finance charge" for around 35 to 40 dollars. I paid that but have discontinued using that card. I have another card, used during Christmas, interest about half of the other one and getting that paid off before long also, just sent $500.00 towards that yesterday. I on the first had asked for payoff amount but the finance not there when I asked.
credit card
I've not had personal experience, but I know to be wary of some of those companies that advertise. I saw a financial advisor on the Today Show and she said to make sure you go with Consumer Credit Counseling; maybe there's a link on the Today Show website. Good luck!
Pay off our credit card
And with the little we'd have left just put it in the bank
I use my credit card!!!! Priceless!
Actually it was an expired one. Hubby laughed. I use Dawn Power Disolver in the blue bottle. Works wonders. Then IF I have to scrape I have used the credit card of course, but fine metal spatula or a razor, but I use one of those like you scrape paint with that has the handle like an ice scraper.
The credit card companies are going
to be do everything they can get away with in the next year because of the new rules that will go into effect in 2010. Keep an eye on your interest rates. I have a couple that went up for no apparent reason. I called them immediately. One company lowered my interest rate below what it had previously been. The other did not, and I paid it off and did not use it for a while. They sent me a notice a recently that my credit limit had been increased and the rate had been reduced (back to what it had been previously, of course).

The link below has a synopsis of the new rules that will take effect next year.
Nope. Usually, we use the credit card...
just because it keeps my husband and myself from seeing how much was spent and where until after Christmas (we both frequently check the bank account online). This year, though, the one positive thing about my husband being in Iraq is that I did not go crazy with Christmas like I usually do and I explained to all the extended family that I was not buying much for anyone except my son. Thus, no debt this year, although we always pay it off fairly quickly. I think the highest my credit card has ever been is $700.
Not so much by unknowns but by my own credit card companies,
all foreign people, trying to sell me the credit protection. The last one called me for around 10 days straight (unknown # on the ID)until I finally answered! I told them all to put me on THEIR "do not call list" or I'd cancel the card. Seems to have worked. ;)
To restore credit, get a card that is pre-paid and use that
s
best cash-back credit card?
We've been using the GM card to get new cars for less, but i'm open to a different card that rewards general purchases, food, gas, apparel etc, with cash back.  Any recommendations?  thanks!
Be very careful about credit card payments
I just paid off my Visa to the tune of over 7,000.00. This was what was posted but did not take into consideration the interest charges put on- I got a bill for $1.50 so I thought ok will send that in, I was a day late- (no excuse, just overlooked) and they had put my interest- get this from a low 10 to 117.16 for that month- now what would happen if I owed a REALLY BIG amount- I would never get that paid- how it worked out was I owe them now $15.59 which I think will pay before time. Just be aware, folks! These folks are ruthless....
Credit card Washington Mutual/Providian

Get this, I haven't used my Providian/Washington Mutual credit card in quite awhile.  I got the new credit card in the mail to take over for the old one, and I thought I would give the company a call to find out what the interest rate was on it.  So after reaching India of course, I asked for someone in the United States, was put on hold for 4 1/2 minutes and then disconnected.  So I call back, go through the 15 prompts and get someone from the Phillipines.  The interest rate on my card is 31.8%  Yep you are reading that correctly - 31.8%. 


I am passing this information along because I am livid at the fact that the interest is 31.8% (which, by the way, neither person on the other end of the phone said "let's see what we can do to lower this.), and because TWO countries have this credit card's business and people in the US are working 2-3 jobs to make ends meet.  I know this has been an ongoing discussion about offshoring, but I was more angry at the fact that it is 31.8% and that no one offered to lower the rate, even after inquiring about it. 


 


 


OMG! I worked at a hospital where the ID badge was credit card
Yes, I totally understand! It is easy to get caught up in the moment and you think, oh, it is only a few dollars. Lunch would be more than I really could afford because I'd charge it. And the bargains at the gift shop (yeah, right!!!).

Could you get a loan from a low interest credit card perhaps to pay off the 2500?
DH paid off credit card. Now I'm paying him back. No
nm
I hope you got her arrested for credit-card theft
*
There is a free version of Efax that does not require a credit card. sm
Are you needing to fax out, in, or both? You didn't clearly state, but said you needed a number. I receive faxes for free through efax, but haven't sent any that way. Never have I given them credit card info. Check out myfax.com.
This happened to me with a credit card, bought a printer and they never charged me for it on my stat
All of a sudden my card was canceled and the amount sent to the collection agency. They said I knew I bought it and should have sent in payments, even though it never appeared on the statement.
P.S. They DO lower your minimum payment due (nm)
x
IMO a card would not be out of order at all. Except a sympathy card, of course.
I totally agree a sympathy card wouldn't quite be the thing, but it sounded to me that the original poster of that idea didn't mean a sympathy card like one for death. I think sympathy in the sense of "hey, you had a rough time of it with this birth, and maybe things haven't been the way you imagined, but know that I'm thinking of you and I'm here if and when you need me."

I got PPD when my breastfeeding relationship didn't go right, following a birth plan that went seriously awry, and the reality of a fussy, picky baby instead of the happy, sleeping one that I had imagined.

I *did* spend a lot of time on the phone, but then everybody's different. I would have loved to get a cheerful card from a friend, however. Does anybody NOT like a card?
credit debt
Wow thanks for all the good tips.

As this got off the subject and onto other things, I just wanted to say I have heard Al-Anon is excellent for people dealing with alcoholism in a spouse or other loved one. It might be a great place for support for you and your kids. Just a thought.
gas card
I always go with cash, but if you don't like that maybe a gift card to the local gas station. Ours has this in any denomination you choose.
Gift Card
Just a note. I learned from my daughter and my neices that the VISA gift cards are the prefered gift card. They can be used anywhere salons, stores, and even gas stations which for a 16-yo can be a lifesaver.
I think a card or something simple would be
appropriate. It is the thought that counts. I'm not talking a diamond ring or something! He just doesn't make much of any holidays. Yes, my kids are very young so they cannot do much themselves. One time he did take the kids for part of the day and let me relax.
Anyone Want a Calling Card?
I just bought a calling card for work and it screws up the dictation too bad.  Would anyone like it for personal use?  I can e-mail the number and PIN to you.  No charge, just don't want it to go to waste, and we have a cell phone for LD.
When it says no gifts, I always take a card. nm
!
yes, I got a Kohl's card
I love to shop at Kohl's. Will be heading there Saturday, after my son does something with my hair - can hardly wait!!!
not a sympathy card...
Just a congrats on your new baby and friendship, etc... No, sympathy on behalf of the baby would be totally out of order. The baby is fine except for a common foot deformity. It is correctable. No she needs a pick me up card. Something to brighten her day.
all of them that I can because my debit card
so I rack up the points paying my bills online with it!!
Maybe not a gift card
but a gift certificate to a groomer might be nice!
I've never used an air card, but
I hear they are just as fast. I don't know anything about them, really, sorry
Questions about your card-
Have you paid on time every time and have you paid the amount due? I have credit cards and mine have not gone up- in fact if they did I would call, tell them what an excellent customer I have been and then ask for a reduction in the credit rate. Have done before and they did this for me.
Used my debit card for everything - sm
but spent too much, about $800 in all. Got overcharged on my gift cards, bought 2 at $50, but got charged for 5.....just got my money back from the offending store on that one, which was quite a fight. They would not even listen to me, filed papers with the bank and sent the company a nasty detailed email to their complaint department, which believe it or not did the trick. My bank did not have to do anything in the end, just kept me informed on what the store was doing, took a week to get it resolved, but got my $164.85 back.
My husband and I have one card
that we pay off every month.  I am so sick and tired of being punished for being responsible when irresponsible people are constantly getting "taken care of."  We should be rewarding responsible people....not the other way around.  This is ridiculous and frankly....it p!sses me off.
Welcome back card to Hilton
Dear Hilton:

We are so happy to have you back. We heard about your rash. We think this poem will help. Post it above your cell toilet:

If you're here to have a sit -
stand on the seat.
The crabs at Lynwood Jail
can jump ... three feet!


I LOVE the gas card idea...nm
111
I got a card at Christmas that I did not open
and put in a drawer- so no not everyone wants a card. The poster needs to mind her business and cool it. I would be totally put off by a popping in to see me, taking a dinner over for me, etc. etc. I think the mother said new mother does not WANT to be bothered. What is so hard to understand about that? Lots of people are worn out after giving birth and want time to recuperate. The poster made to do about her friend not accepting calls while hubby home and she does, and so? The new mother in her own home makes her own rules and the rule she has for right now is not seeing any people or talking on the phone, her wishes.
I think a card is a good idea to let her know you are there for her when she is
good and ready. Those cards did help me.

I wanted to tell you that my PPD was so severe I ended up overdosing and spending 2 weeks in the hospital due to severe depression. It is a serious disease.
a charge card slot in their
bra LOL
Thank you - belated card and flowers to you :-) sm
I can't figure out why some people get treated well and others don't. I think maybe those of us who take care of others a lot are just taken for granted...I just don't know what it is. Thank you for caring!
I could have sworn I saw one for a Green Card
 -- I think this dude needs one!
My husband has a CitiBank card - sm
They call 4-5 times every day and are demanding that he make payments AHEAD. They want him to pay through March 2009. What the heck is that about? They will not stop calling and he has made his monthly payments so why are they demaning that he pay ahead now?
I always give handmade card. Also, SM
a romantic evening is in order. If you have small children, can they stay at relatives home for the evening? It falls on a Saturday, so might work.

Make it real romantic. Details of which I would be too fearful to relate here. Show him how special he is to you.
Why would you send in an RSVP card
for dinner. The answer I would give is NO. I got an invitation to a cousin's wedding, someone I never heard from, her mother (paternal aunt), never heard from her either and I laughed and threw the invite in the garbage. Why would you even think you had to go or even respond?