Quick Question!

Hi, It's roni. I posted here a few weeks ago that I was considering debt consolidation. I am in the process right now. Negotiations are going on between the counselors and the credit card companies. My citibank accounts are now 90 days late. This collections agency NSF is calling me daily, hounding me like crazy at my office. They are telling me that the accounts are going to charge off because I am in breach of contract immediately. Well, is that possible? Don't yell at me. I have forgotten alot.

roni

 

Thanks, I am in the consolidation process. In that I mailed the letter requesting all creditors to stop calling me and call consolidation company. Citi will not take these letters. They have 30days to call anyway. I don't mind the calls. It is my office nd my two employees know I am doing this program b/c of the debts that I racked during my pregnancy and illness. So there is no shame. Thanks for letting me know that it is 120days. I am tempted to make a bogus good faith payment to prevent charge off. but I don't care about the phone calls. I have been asking them questions and then telling them that I will call them back with some kind of payment after christmas. CITI IS A TRIP.

 

What's OC?

 

OK, Well Citibank isn't calling. It is the Collection agency. I wasn't aware that a collection agency would call like this B4 an account charged off. DAMN! As far as the CCCS, they got back to me this week saying CITI wants $13 more per month on the monthy consolidation payment. It appears my consolidation is going through with citibank. But at the same time the CA is calling saying I may charge off anytime.

 

Ok, So I just called Citi and they said they can not accept any payments from me because the NSF people are handling the account. Understood, they also had a notation that a proposal was received and not accepted. That is what the CCCS told me happened. So now I feel more confidence in what they are telling me. It is basically a race against the clock I suppose. I agreed to the amount Citibank wanted month. So, I hope this will be over soon. I will leave it in God's hands.

 

I understand that. And I asked on the board 1 month ago the downside of CCCS before I started the process. It received mixed reviews. But here's a question, since I keep my AMEX and Chase cards which I like and are in good standing, and I already have my home and a business, do I really need new credit. How long will this take affect. Let me also say my debt situation came about because of sickness, disability w/o benefits and no income for several months. I lived off my cards basically. With that said, my only future credit purchase I may want is a new (newer) car. I have a car now but IF I wanted another one would this prevent it. I have NEVER been late on my CAr Payments or Mortgage.

 

ANYBODY?

 

Oh, I will try again....CAN YOU GET A LUXURY CAR WITH BAD CREDIT?

I have to go soon and but my 7 month old to bed...come on CRedit Guru's.

 

Re: Re: Quick Question!

thanks G.

 

Re: Re: Re: Quick Question!

Well, the CA from Citibank was demanding payoff in 3 payments when they called my office and found out I was a doctor. So, since I run my own business and raise my infant son without a husband or active father or any family in the area, I am doing the very best that I can. I WISH I had time to play the credit repair negotiating game again. Thanks for hopeing the best for me.

v