Ask Experts Questions for FREE Help !
Ask
    stellapostal's Avatar
    stellapostal Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Dec 4, 2006, 01:09 PM
    Working my way out of debt.
    Recently divorced, I've spent the last 2 years working my way out of debt. I have two outstanding credit cards left. I don't use either of them as the accounts have been long closed. They are both with the same bank. The first one, I owe just under $2000 on and I pay a set monthly amount of $325. The other one, is considerably more, about $11,000. After much negotiation on the phone, I agreed to pay them $500 this month and split the rest between the end of December and January. I was counting on my bonus to help me do that. I just found out, my bonus will not cover the remaining amount. How can I get them to agree to a regular lower monthly payment when they would not earlier? There is just no way for me to get a lump sum like that. Would they bother with taking legal action against me if I'm offering to pay them something every month? Can they refuse that? Thanks!
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Dec 4, 2006, 01:41 PM
    They certainly can refuse, but I would be surprised if they do. It sounds like you are making an honest and sincere effort to pay. I don't see any upside for them to refuse a reasonable settlement.
    stellapostal's Avatar
    stellapostal Posts: 2, Reputation: 1
    New Member
    		  
    #3

    Dec 5, 2006, 01:49 PM
    Thanks, Scott. I will find out and let you know.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Debt management not working. [ 2 Answers ]

Have been going through a debt management group for the last 4 years trying to pay off credit cards which I cut up at that time. Talked to them last month and basically found out that all my hard work is just not working after all. Interest rates are outrageous and I am not even working on the...

Cc debt [ 2 Answers ]

I am being sued by a credit card company, what do I need to do, can't they take my house or car if I can't pay them?

Old CC Debt [ 13 Answers ]

I had a CC Debt of ~$2200 2.5 years ago. With a bunch of things that went on I ended up procrastinating and frogetting about it. When called by this collection agency in January I put them off and haven't talked to them. Today they called and told me to take care of it today but did not...

Need to get out of debt! [ 2 Answers ]

I am so nervous. I have a lot of debt and I don't want to have to file bk. Especially now that laws have changed it makes it more difficult. I am usually a very responsible perosn and I hate the fact of pushing my financial responsibilities onto other people, but due to some perosnal situations I...

Old debt [ 1 Answers ]

I had an old credit card debt from 1999, someone apparently bought my debt and now is suing me in county court what can I do am I legally bound to pay this I am not even sure that I paid it before

View more questions Search