Gummy

Received a pre-approved offer from capital one. I used to have a ecured card with them. Now they sent me this email, but my credit score is still wrecked. It's just a little over 600. I guess that one hard inquiry won't matter anyway. But how credibile are those offers? I'm just considering it, because I was with them. Otherwise, nobody would really want me right now, I guess.

Easier said than done. Did DV before. Guess I should specifically demand proof of the first date of deliquency then.

It's a 100 Dollar debt from 2010. I sent equipment back, ATT said I didn't... wouldn't listen to anything I said. Didn't care and didn't pay. Again, it's from 2010. They keep selling the account to all kinds of different agencies. Somewhere along they way they changed the first date of deliquency. It should be deleted in 2017, but it says: "Estimated month and year that this item will be removed: 09/2019". Wouldn't be surprised if this happened again. Question is..what do I do ?

I can not pay the full balance. I only have money to pay 50%. And that's 50% of the balance I had before I had to stop paying. I don't really know how much it is now. Could be a lot more. I also don't know how much leeway I currently have. It's Texas. SOL expires after 3 years. I might get more favorable terms in regards to my credit report if I can make it past the 3 years. I guess that means I do nothing for now.

I had to stop paying my account back in 2012. I tried to work something out with them but they refused. Then I had to wait and see what they would do next and I figured I would go from there. But I haven't heard back from them since.Of course my credit report lists it as charge-off. I moved once since then, but let USPS forward the mail. My credit report dosen't show anything else, such a collection agency etc. for that account. "Date of first delinquency" is shown as 05/2012. I'm not really sure what to do now. Of course I don't want to call and remind them ( Amex ). The same thing happened to another charged off credit card account from 2012. What should I do ?

1. How do I exactly dispute with Experian? I've been looking around on here and now know that I should not use "not mine" or something like that. I've tried it before ( long time ago, other entry ) and they didn't give a crap. So what do I exactly say when I dispute it online? 2. Is it possible they know when you check your credit report? There's suddenly a new collection on my report. I checked the first time in a long time on the 19th. And today it posted. Didn't check when exactly they posted it, though. Seems like they just put it on there because they knew I checked. Might be BS, but I don't know.

I know that, but I don't understand why, apparently, you don't get any credit for at least paying off some of it! I mean, sometimes it may even be as much as 80% or 90%.. But even 10% would be better than 0. What you mean?

I read that, on your credit report, a lump sum is gonna equal a charge-off. Really? How does this encourage people to pay their debt? I jsut read this, I'm not sure if it's true. http://www.creditcards.com/credit-card-news/help/step-by-step-credit-card-debt-negotiation-6000.php If that's true, then that is pretty surprising to me. I did not think it was as bad as bankruptcy and/or charge-offs..

The account is already closed. It was closed at my request. Does anybody know how open banks are to reopening accounts after you paid off? I would think they are because they want stupid people like me.. get into debt and pay interests, even if you had to enter into a payment plan. 10% is still relatively high. Especially right now. I've been kind of keeping this account open recently. I could have finished paying it already, but I've been also thinking about the future and figured it might be a good idea to delay it a little bit ( interests are like 2 bucks a month ), because I figured it might be more likely if they reopen it once it's still "open", meaning me making payments etc. But I don't think I will get to a reasonable level with my overall debt for at least another year. I know they will probably check my credit report and see that I still have some money left to pay off. But maybe they would still reopen it and if it's only 200 Dollars in credit limit. It's because this account if my second oldest ( 2007 ) and that's why I have been doing this. I also just thought about asking them to convert it into a secured credit card. I have converted credit cards before ( to a better card with better benefits ) and my credit history stayed the same. Just the account number changed. I'm not sure if converting it to a secured credit card account would accomplish the same. Since I have to pay down the entire credit line, I'm confident they would do it ( It's with citibank and they do offer secured credit cards ). I don't know. Does anybody have an opinion on this?

I've used the pay-for-delete letters before for some small things, but that was a CA. I didn't find a sticky with sample pay for delete letters for credit card companies. I figured it can't hurt to try. The remaining balance on this one is only a couple of hundred of Dollars, though.

It's all credit cards. I had a hard time getting on a payment plan with some and I had the impression they thought I'd only do it to save money and not because I was out of money. One plan only lasts on year and I don't know what's gonna happen then. I will not be able to pay it all off with the unexpected sum I might be getting, but they will probably review the account and if they think I tried to "cheat" them, it's probably going to be impossible to negotiate a new PP. Who knows what's gonna happen in one year. Perhaps I might not be able to pay anymore or something like that. If they see I made a larger payment in the past year, they might go after me more aggressively. I just want to make sure I won't run into problems because of that.I don't think it's a stupid question. They do strange things when they are after you for money. I just got to plan ahead and be prepared for any possible future outcome. Like I said above, they probably do pay attention to my payment history. I did not really get much from them. Most just send a short letter acknowledging it. I don't think "paying off early" would trigger a punishment. It's not a loan.

How do I make a payment if I have gotten a larger sum of money without the creditors thinking I got money ? I'm afraid they'll think I have money and kick me off the payment plans. Or shouldn't I worry about it and just pay it all at once ( entire amount ) if I have the opportunity ?

I sent you a PM. I don't think you understood what I was talking about. I said at the end of this year for 2 years. That's not 3 years. It's 3 years from right now. I have extended family there and would avoid accumulating more debt than I already have. I can't afford doing it here. It's not to "enjoy" myself. It's the cheapest opportunity I will have. I did not get into credit card debt because of that. I never said that, though. I know using SL is a bad idea, but you can defer payment and the interest rate is much lower....the credit card companies gave me only 10%. I don't know for sure, but student loans should be around 3%. That's a big difference. Not to cover the entire balance, though. I was thinking about singing up for a debt management plan through a credit counseling agency. Maybe they can negotiate better terms. try a good will letter, explain your situation and don't tell them you are leaving the country . Ty for a rule 5000 reage. knock off some fees and lower your interest rate - it's a payoff plan better than defaulting. Not sure what you mean by "5000 reage.", but I am now on a PP with all but one. I guess I will have to see.

I sent you a PM. I don't think you understood what I was talking about. I said at the end of this year for 2 years. That's not 3 years. It's 3 years from right now. I have extended family there and would avoid accumulating more debt than I already have. I can't afford doing it here. It's not to "enjoy" myself. It's the cheapest opportunity I will have. I did not get into credit card debt because of that. I never said that, though. I know using SL is a bad idea, but you can defer payment and the interest rate is much lower....the credit card companies gave me only 10%. I don't know for sure, but student loans should be around 3%. That's a big difference. Not to cover the entire balance, though. I was thinking about singing up for a debt management plan through a credit counseling agency. Maybe they can negotiate better terms.

I decided it might be better to sign up for a debt management plan with takechargeamerica.org They are credible, I already checked that. How does it exactly work, though? They do the negotiating and possibly get a lower interest rate, among other things. I understand that. But, do I have to stay with them? What if I decided to stop doing it through them ( because they charge 30 Dollars a month, for instance), can I jsut send my payment to the credit card company instead, then? Do I forfeit the payment plan if I drop them? I don't think I do, because they negotiate on my behalf and I should get a letter acknowledging the new conditions and that should be an agreement between me and the credit card company. Does anybody know?