TheDeansClub

An overlooked option is suggesting a debt management program. Can anyone comment if you can still do debt management by including, say, 2 cards only?

Thanks for the interest. There was either a 30 + 60 day late, or 30, 60, 90 day late on this one TL. But you understand correctly - everything else is current. The snag with your suggestion lies in the extenuating circumstances. Any and all extra income go to other expenditures that won't be rerouted - think special needs child territory. I can suggest to move extra income towards the debt, but I suspect it would not be heeded, frankly. In a no nonsense way, I am attempting to give straightforward advice about all the repercussions if throwing in the towel on this creditor ends up being the chosen route because I think my friend needs to hear that before pressing that button. With that said, I have no experience with calling a creditor and being unable to get basic straightforward account information and having to deal with really incompetent personnel. If I couldn't transfer the balance, I can't say I wouldn't be tempted at the nuclear option either. If I were to put myself in those shoes, I understand the fatigue at this juncture. Life and its complications outweigh a credit score, no question. Trying to present the mindset of this friend as best I can, here.

Edit: Original creditor was Barclays, not Cap1.

GoCards: Care to give an update on how things went? How has the dust settled for you and do you have any regrets?

Yeah sure. The new CC Co is Mercury. I had never heard of them, and do not recall ever seeing them mentioned here before (have not looked them up here as of yet). YF (I'm rolling with it ;) was on track for a 5-yr payoff of this TL until covid happened and then payments went to a lower amount... I've suggested BK - it's no use, YF won't budge there... Basically this TL was targeted to be the fall guy that allowed higher payments on the other TLs to get out of debt altogether. Everything was working to that end and then the world turned upside down last year. Besides BK, it appears this TL still needs to be the fall guy. It doesn't appear that YF will avoid some rough waters.

Trying to help a friend and thought I'd pose the question to the board as I do research here on best course of action. I'm having a little trouble deciding on the best advice to give here... Backstory: Financial hardship going back years. Besides making some poor choices, extenuating circumstances exist... ~3.5 years ago, 2 things converged - debtor decided to take highest balance and highest APR CC, and get Cap1 to zero-out the APR via 60-90 day late (thought that was the only way to get the offer). Right before that ball rolled, Cap1 sold the account to a theretofore unknown CC Co. Debtor decided to stick with the plan and on day 80-whatever, got the financial hardship, closed account 0% APR with the new CC Co. Balance was $7K. Fast-forward 3 years, this company supposedly sent 2 letters saying the financial hardship plan was expiring. Debtor received no communication from them in the mail. Received no email. Company is claiming they sent them. Company is saying the payment plan the account is under is no longer available and they've reinstated the original APR but did not reopen the account (at least to the debtor's knowledge they have not). Debtor will not be able to manage under the reinstated APR (26%), balance is now ~$5K. Debtor was under the impression that the payment plan was there until the account was paid to 0, as they closed the card - does not recall receiving any written confirmation of the payment plan terms, and it will take some time to dig through files (if they did provide something in writing, it is saved somewhere in a file). Calling the company was bush league - seemingly no financial hardship department, agents who didn't seem to understand what options were available for financial hardship, could not answer whether the account was currently open or still closed, request to speak with a supervisor has so far gone unheeded - no returned phone call. What I'm trying to determine firstly is - what rights does the debtor have here if any? Is there any recourse for not receiving notification of this expiration? Currently there is no option to transfer the balance. I'm unsure whether to advise for a flat "withhold payment and settle." But perhaps it has come to this. By all accounts there are no professionals to speak with via phone for this CC Co. Maybe this is just a strategy of "best of bad options to dump this creditor and move on." Appreciate help in brainstorming...

Equifax lists a zip code of 30348 FYI http://www.equifax.com/cs/Satellite?pagename=contact_us

EQ listed no address on my CR. It appears they do this to discourage snail mail disputes. Perhaps OP will have to call EQ. And OP: if you do have an address listed on EQ's CR please report back. I would be interested to hear that. Cheers

WhyChat, I have reread your instructions a few times, and still have run into a snag. The Post Office will not release the tracking labels for flat rate envelopes that you stated in your instructions are available by book. I said I wanted to pay up front for the flat rate envelopes. They said no to the tracking numbers, claimed they are put on by the staff when I am ready to mail. I had assumed the labels were similar to sending certified yet it appears not. If they are not available before sending, do people hand write the tracking number on their letters? Appreciate your input.

Greetings, In reading posts on LN, it appears that opting out and freezing are options. But far less comes up when I search for deleting LN info. Are there ways to have LN delete addresses? Has anyone had success with getting them to delete? I've found many erroneus addresses on LN accurint report. As a side, say if one does opt out, is one automatically withdrawn from online people search databases? Or would that require separate requests to each data site?

The Panama Papers revealed that US-based entities don't need to stash money in offshore shell corps. No need when you have an all you can eat buffet called the "LLC."

If you don't mind me asking: I have run across his name on a consistent basis while reading older posts. He looked like a prolific contributor. I assume he is gone for good? Or does he ever check back in?

Until the electorate wake up and demand publicly funded elections, we the people will continue to pay for our own enslavery to special interests via legislation that benefits no one but the entity/ies who bankrolled its enactment. And if anyone thinks they are not currently paying for privately funded elections via bad legislation and policies that give campaign donors 5000% return on their bribes, *ahem investments, hit me up with a PM. I've got a bridge in UT with your name on it for the right price...

I suspect this issue has been litigated in class action. Particularly LN.

My bad. Time to dust off the copy for a refresh Cheers