Been there, done that when I was between jobs 2 years ago. My advice is to send them what you can realistically afford. Doesn't matter if it's 1/5 of a minimum payment, they'll take it. When you can afford more, send a full payment. Many banks will remove a couple of late notices off your credit report when you start paying again.
Don't stiff them. It's not worth the annoyances and the stress. Plus, getting out of the red feels like a million bucks. :lolBIG:
Don't stiff them. It's not worth the annoyances and the stress. Plus, getting out of the red feels like a million bucks. :lolBIG:
if you are that far over your limit I would assume that your credit is shot anyway. I am not going to judge you on morals as this is a friggen gambling website. If your credit is already shot then don't send them another dime. You will have to wait 7 years from your last transaction (payment) with them for it to clear from your record. After 7 years it is gone...completely. No tag, no nothing on your credit. If they decide to take you to court, then meet with them outside of the proceedings and offer them 30-40 cents on the dollar and they would most likely take it. Make sure you don't have cash in a bank as they can go after that. Even after it goes to court they will still settle with you 95% of the time.
one more thing to consider, apparently credit card companies will issue fees /raise interests if they discover that you are paying late/not paying a particular credit card, so they do care if you pay your OTHER credit cards
this of course only matters if you have other credit cards with balances right now
this of course only matters if you have other credit cards with balances right now
i posted this in other credit card thread too
hey fellas, I work for Chase and use to work for Discover Card, both in their credit card divisions, please check all 3 major credit reports monthly, once you get your free report (you can get in one a year) keep the report number, if you have that you can access your credit report for free onkine time and time again.....make sure you dispute any errors...Also pay your credit cards..some people think we can't do anything...I've seen garnishment from you employers payroll check to lien on bank accounts and houses...so save yourself the hassle....if you can't afford them..call and work out a payment program..not a settlement...credit cards get that all time and normally will say no...settlement also go on your credit as an R5 rating, not as bad as chargeoff which is r9, but still bad for 7-10 years...your credit card company may off like 1% interest for life until you pay off...if they say no at first ...then after you have a 60 day deliquency call back and ask for program again....don't ruin your credit by not paying, also don't get fired from your job because you didn't pay you cards..I have seen companies let go of people becuase we got a court order for garnishment from their employees paycheck which is a hassle and additional cost to the employer....I never understood the business until after college...I messed up myself when i was 18-20 and am still trying to fix everything from then...working in the business opened my eyes...credit card can be great if you use them correctly, especialy if you can pay off every month and have a cashback program on your card..I know we have a card now that gives 5% cashback on gas purchase..with gas at $3 a gallon you get back 15cents....so please be wise and watch what you do...just some friendly advice...GL
hey fellas, I work for Chase and use to work for Discover Card, both in their credit card divisions, please check all 3 major credit reports monthly, once you get your free report (you can get in one a year) keep the report number, if you have that you can access your credit report for free onkine time and time again.....make sure you dispute any errors...Also pay your credit cards..some people think we can't do anything...I've seen garnishment from you employers payroll check to lien on bank accounts and houses...so save yourself the hassle....if you can't afford them..call and work out a payment program..not a settlement...credit cards get that all time and normally will say no...settlement also go on your credit as an R5 rating, not as bad as chargeoff which is r9, but still bad for 7-10 years...your credit card company may off like 1% interest for life until you pay off...if they say no at first ...then after you have a 60 day deliquency call back and ask for program again....don't ruin your credit by not paying, also don't get fired from your job because you didn't pay you cards..I have seen companies let go of people becuase we got a court order for garnishment from their employees paycheck which is a hassle and additional cost to the employer....I never understood the business until after college...I messed up myself when i was 18-20 and am still trying to fix everything from then...working in the business opened my eyes...credit card can be great if you use them correctly, especialy if you can pay off every month and have a cashback program on your card..I know we have a card now that gives 5% cashback on gas purchase..with gas at $3 a gallon you get back 15cents....so please be wise and watch what you do...just some friendly advice...GL
Brock...
Thought you might like this site
http://www.my3cents.com/search.cgi?criteria=Capital+One
Looks like a bunch of people get screwed by Capitol One
http://www.cap1sucks.com
Thought you might like this site
http://www.my3cents.com/search.cgi?criteria=Capital+One
Looks like a bunch of people get screwed by Capitol One
http://www.cap1sucks.com
[FONT=arial,helvetica]In the good old days of credit cards, it was illegal to charge late and over the limit fees. Basically, usury was illegal. You could make your payment a few days late and it was no big deal; there was no such thing as a "credit score."[/FONT]
[FONT=arial,helvetica]Just the fact that you now have a credit "score" implies that having credit is a game. Big corporations and the government want you to use credit cards; after all, whenever you make a purchase with a credit card, you leave a trail -- where you were, what you bought, what you eat, what your interests and hobbies are. These records can be bought and sold to marketing companies and used against you in court.[/FONT]
[FONT=arial,helvetica]Of all the credit card companies that now exist, the biggest rip off of them all by far is Capital One! Capital One actively solicits debt slaves in colleges; they also sponsor sporting events and have slick commercials that try and make people believe that what they offer is "the no hassle card." Don't be fooled! Below is an updated story that I originally posted to one of the many "Capital One Sucks" websites: [/FONT]
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how is capital one screwing you over again? because they wont accept half of your balance and call it even? what kind of fantasyland are you living in?
:lolBIG:
should just send in whatever you have rather than call when you know they are going to say no anyway. then after that just transfer the remainder of the balance to a 0% card for a year and keep doing that til you can get caught up.
forget stiffing them as you will be screwed for the rest of your life. man go get a job or two or something and give up gambling. which is probably why you are in this position to begin with. dont be irresponsible. at least it is a credit card company and not a bookie you are into for 9 large though.
:lolBIG:
i would say do the above. send in the half or whatever you had offered and then transsfer the rest to 0% cards and make minimum payments until you can get right. you will fvck yourself in the ass for life if you think you can get away with stiffing them. still dont understand why you would call and offer to pay off half your balance and call it even and then cry rape when they say no? classic. then cry that they are are screwig you over? who's stiffing who again? grow up! im sure they dont care as they will get the money out of you one way or another and your not exactly in the position to be calling shots. its only 10 dimes you can pay that back, not like its imposssible.
if every body could run up there cards to the max + and call in and offer half to square it up everybody would be doing that. get your head out of your ass, get a couple jobs and you can have it paid off in no time if you can handle not being a financial fvck up. good luck and keep updated.
:lolBIG:
should just send in whatever you have rather than call when you know they are going to say no anyway. then after that just transfer the remainder of the balance to a 0% card for a year and keep doing that til you can get caught up.
forget stiffing them as you will be screwed for the rest of your life. man go get a job or two or something and give up gambling. which is probably why you are in this position to begin with. dont be irresponsible. at least it is a credit card company and not a bookie you are into for 9 large though.
:lolBIG:
i would say do the above. send in the half or whatever you had offered and then transsfer the rest to 0% cards and make minimum payments until you can get right. you will fvck yourself in the ass for life if you think you can get away with stiffing them. still dont understand why you would call and offer to pay off half your balance and call it even and then cry rape when they say no? classic. then cry that they are are screwig you over? who's stiffing who again? grow up! im sure they dont care as they will get the money out of you one way or another and your not exactly in the position to be calling shots. its only 10 dimes you can pay that back, not like its imposssible.
if every body could run up there cards to the max + and call in and offer half to square it up everybody would be doing that. get your head out of your ass, get a couple jobs and you can have it paid off in no time if you can handle not being a financial fvck up. good luck and keep updated.
Actually have a nice plan in place to help out..
I AM going to pay my debt, wife won't have it any other way...but we found a nice way to help.
Since she is from Canada and has limited american credit, but perfect canadian credit not at all linked to the US, we will get a card from Canada to transfer a balance to, its amazing when she moved here and we got our house, it was like she never existed to the banks, credit people etc down here, though she owned in Canada for years...
Two seperate systems entirely...
I AM going to pay my debt, wife won't have it any other way...but we found a nice way to help.
Since she is from Canada and has limited american credit, but perfect canadian credit not at all linked to the US, we will get a card from Canada to transfer a balance to, its amazing when she moved here and we got our house, it was like she never existed to the banks, credit people etc down here, though she owned in Canada for years...
Two seperate systems entirely...
