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Ok, I just got an unsolicited $5,000 CLI on my CITI Simplicity MC, bumping me up to $23,000. I have been using this card recently because they gave me a 0% on all purchases and BTs deal until April 2021. This has come in handy, as we're selling our house and had to make some repairs along with paying moving and storage costs. The CLI is just gravy on top.
For a few years now I have been in credit card debt with Gap. I had gone through a period paying some of it off to the creditor, Synchrony Bank, then for other reasons became broke and started to neglect my finances. After several months of radio silence with the store and the creditor, I received this email by a third party, TrueAccord, claiming the creditor, LVNV Funding LLC, now has my account and may take legal action. These agencies look legitimate through my own background check but I'm still suspicious they didn't contact me by mail and I also want to be sure they have the correct information on my case.
Fortunately, I am now in a position where I can make payments again and would like for this to be a one-time settlement to whom ever holds my account.
Can anyone vouch for Trueaccord and LVNV Funding LLC and for those that have been in a similar situation how should I proceed?
Any advice will be helpful.
Credit Cards Start Cutting Limits for People Facing Tough Times
Barclays MC was tossing me beautiful BT offers. Example: 12 months, O% int, 2% fee., etc. I could direct deposit to my bank account. Everything huggy face kissy poo. Second highest limit (even now.) One BT for $5000 PIF. Six months later BT $8000 PIF.
Did downgrade from $89 card to free one a year ago.
For the last six months current offer: 23% int, 3% fee, no direct deposit, creditor payment only. My data points steady Freddy. Mid-High 700’s. Well under 8.9% overall, all usual advice followed, not credit seeking, only one reporting balance, etc. etc.
I realize their is no direct answers, endless data points, yet any random thoughts? Curious.