[jackleslie00]

My husband and I had a credit card that we unfortunately had to use a lot. We spoke to the credit card company and explained we could only pay a certain amount each month. We explained we were not always able to pay the amount on the bill (but sometimes we were). Instead of working out a payment plan they continued increasing our interest making the debt increase and the expected minimum payment increase. Now they have turned it over to a collection agency for payment in full in 30 days. Can you give me any suggestions on what to do? I was not able to pay the bill in full then and I am not able to now. And my next question is, since they were aware of my financial situation is there anything that could be done about the accumulated interest?

[mr.yet]

Did the credit card co. charge off this account?

THe collection agency now has this account, you can call them and try to arrgane a payment plan with them.

[jackleslie00]

They did not say it was a charge off...

The only advise they could give me was to get another credit card and transfer the debt or get a loan to cover the debt. The only other option was to pay 25% now and the balance in 30 days.

[mr.yet]

Check with the bank you deal with for a personal loan to pay them off. THe bank rates would be better the credit card.

[pepsilady501]

My husband and I had a credit card that we unfortunately had to use a lot. We spoke to the credit card company and explained we could only pay a certain amount each month. We explained we were not always able to pay the amount on the bill (but sometimes we were). Instead of working out a payment plan they continued increasing our interest making the debt increase and the expected minimum payment increase. Now they have turned it over to a collection agency for payment in full in 30 days. Can you give me any suggestions on what to do? I was not able to pay the bill in full then and I am not able to now. And my next question is, since they were aware of my financial situation is there anything that could be done about the accumulated interest?

i don't know what you can do, since i have a similar problem with my credit cards. but i will tell you one thing, some collection agency went into my bank account, Commerce Bank that is and put a lean on my account i am not able to touch my cash because i guess they plan to keep it..and from what i understand it can be happening with most banks so if you have an account , i suggest you withdraw from checking or savings or whatever until you fix your problem. i checked my credit report since this just happened to me and i rather clear my account myself then have those angencies rip me off. I had no idea the banks would allow anyone to have access to people's personal accounts. i TRUST no bank, not anymore. anyway just a suggestion and Good Luck hope i helped a little bit.

[lsdynasty]

It Is Illegal For Any Credit Card Compnay To Garnish Your Bank Account. You Can File A Class Action Suit Against Your Bank, The Creditor, And Any Other Party Involved And You Can Be Generously Compensated For Your Damages

[mr.yet]

They must have a court order to garnish an account, if garnish without one you would have a case against the bank.