I've been reading this board for about a month and I have to say I've learned alot. Here's my situation-I am on disability and can only work PT in a job in which I make less than half of what my prior income was. I do not know now if/when I'll be able to return to FT work. In the past year and a half I've racked up alot of cc debt but have been making some progress paying it down. In July the brakes went on my car and my hot water heater died so I had to let a cc payment go. I called Discover and they do have a payment plan for 1 year that they offered which I could do. Here's the problem though-they want $700 now and then $200 a month. I could do the $200/mo. but no way the $700 now. I could give them $300 this month and that's it. The rep I talked with on the phone would not budge on that. Should I call back and try to get a manager or something. I know the CR is going to take a hit and my score will drop because of the 60 day late but I know I could get back on track if they work with me. I really don't want to do bk. Thanks!
It always worth a try. Don't just give up after getting stonewalled by the first rep you talked to on the phone. Get a manager on the line or someone else who has the authority to make a decision on the spot regarding your situation. Good luck!
Yes, you may want to talk to a supervisor because they may be able to accept that. They may still request you do that payment plan. However, try your best on doing that payment. I'd do whatever you can even if they say it won't work. It will minus the money from the debt you owe. That is, if you can even do the $300 and then $200 per month. I believe it shows "warning we may charges a late fee and raise your interest rate if we don't receive the minimum payment of X by X" on your statement so I-m sure you know they charges those fees for not keeping the account current.
Thanks for your thoughts. I was able to talk with them today and it worked out. They actually dropped 2 payments and are letting me pay $220/mo. for a year at 9.9%. I know it's not ideal but it's better than dealing with CA's,etc. He told me because I was a long term customer and had never been late on a payment before that they're more than willing to work with me. It really does depend who you talk to. I have been in contact with them for a month and nobody else would listen until I asked for and spoke with a manager today. I asked for the agreement in writing and it is good until Set. 2011.
Thanks for the update. And yes - I too think it's always better to deal with the OC rather than letting things get turned over to a CA. Now, stick to your payment plan and get that card paid off as fast as you can!
