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Tag Archives: charge off

Chase Bank Says They Are Going to Charge-Off My Debt And I’ll Still Have to Pay. – Geri

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“Dear Steve, I have been making arrangement to pay some of my creditors, but cannot afford to pay them all, I was in a debt management program but the payments were to high. Steve, I recieved a letter yesterday from Chase, statiing that my account is scheduled to charge-off. However, it was also stated that even if they write off ... Read More »

I Was Sending Less Than The Minimum Payment But What Happened to My Account? – Jan

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“Dear Steve, I was underemployed and am now totally unemployed and trying to still keep my head above water–not really working. No savings or retirement left; had to settle with one credit card company using last of my money and borrowed from family. Still have 2 cards left — way behind on those. Used cards to live on basically. I ... Read More »

I Had an Account Charge Off, Tried to Settle It, But Now I Can’t Pay. – Will

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“Dear Damon, I owe on a debt that was charged off and when I tried to make arrangements to settle it a couple of yrs ago the creditor didn’t have my account anymore. I tried to receive information from them about the recent creditor so I could try to settle the debt but they wouldn’t give it to me. Now ... Read More »

Default Rates Continue to Fall at Credit Card Issuers

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Reports just out from five of the six top credit card issuers showed that default rates on accounts fell in June. Of the banks reporting, Bank of America showed the biggest reduction in default rates with Chase Bank, Discover reporting very noticeable declines. Just recently Discover said their default rate was at the lowest ever in their history. According to ... Read More »

Is There an Advantage to Paying an Attorney to Deal With an Old Debt? – Annette

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“Dear Jeremy, Credit score 580 Credit history late payment excessive charge off Payday loan companies, credit cards and old Banks account closure excessive collection agencies Three questions: 1.What do I do with collection agency that is trying to collect on charge-off account from orginial creditor? 2. What do I do if charge off account with the original owner is past ... Read More »

How Can Capital One Charge Off My Debt And Keep Charging Me Excessive Fees? – Angelo

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“Dear Steve, I was always under the impression that banks are required to charge off debt at 180 days. Just about every issuer does this and account balances dont seem to increase much more from that point with the exception of Capital One, I have found that Capital One balances increase almost 50% within a year of default. I am ... Read More »

We Were With MMI and Chase Bank Charged Off Our Account Anyway. – Eveline

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“Dear Steve, Chase Bank credit card customer, jointly with husband. Two open accounts. Both of us, unfortunately, diagnosed with cancer within a year, financial hardship, inevitable. Called Chase when we got behind and they said they only would go through MMI (Money Management International) to set up a repayment plan. We contacted MMI and everything got set up, confirmation letter ... Read More »

How Do I Deal With My Recently Charged Off Sears and Mervyns Cards? – Nancy

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“Dear Steve, Steve, I need more advice: I’ve just found out that I’ve two cards, Sears @ $1,300 & Mervyns @ $800 that have been charged off; Mervyns @ $1,200 has been closed. I have a good job, make good money so their was no perfectly sane reason why i stopped paying; I just did. Sears was charged off on ... Read More »

What’s the Best Way to Fix My Charge Off and Get it Removed

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Fixing charged off debt A few years ago I took a 25k loan which eventually I could not pay back. The debt has been charged off, and occasionally a company sends letters saying that they want their money. Recently I’ve began working a new job that pays very well, so I want to fix all my “credit” wrong doings. Since ... Read More »

Can a Collection Agency Send Information to a Credit Bureau Even if They Never Contact You? – Denise

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Excellent credit score….found out a charge off for $13.00 recently-then they closed credit card. I was never given a statement or mailed a collection notice or even called about owing a debt to the card company. I have not received a statement in 3 to 5 yrs because I normally dont charge anything. Was amazed when called they had all ... Read More »

How Can I Owe a Debt The Creditor Charged Off? – Janet

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being sued by collection agency have several charged off accts a collection agency says i have a debt with them but the original creditor has charged off this acct how can i owe this collection agency anything? Janet It’s time to put debt behind you and start dreaming about your life after debt. – Click to Tweet The Answer This ... Read More »

Capital One is Charging My Interest for an Account They Charged Off. – Caren

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“Dear Steve, Back in 2001 I had an account with Capital One. I disputed a charge and never paid and it resulted in them both closing and charging off the account in 2002. This was over 8 years ago. I have heard nothing on them, no collections letter, no judgements; nothing. Then out of the blue I receive a letter ... Read More »

If a Credit Card Company Charges Off a Debt Can They Still Sue You? I Was a Victim of CMS and Brad Daley. – Jay

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“Dear Steve, I also was a victim of CMS and Brad Daley. I was sued and got a judgment against me from B/A. My question is, If a credit card company writes the debt off, can an attorney still sue you? Looks like if the debt was written off the IRS would write off the total for the cc company ... Read More »

Can I Just Get By Sending $10 a Month And Not Get Sued? – Jeff

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“Dear Steve, A law office harassing me a bout a credit card bill I have. I lost my job, told the credit card company that I would pay 10 dollars a month to them until I found employment and could pay more. I have since found out that they have charged it off and referred it to a law firm. ... Read More »

Capital One is Suing Me. Do I Have a Case Against Capital One? – Jody

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“Dear Steve, okay here we go I have just recieved a summonds in the amout of $9700.00 from a lawyer claiming to represent Capitol One. Now i’m not claiming that i don’t owe capitol one money but of course they have tacked on nearly 4,000 dollars to the initial 7,000 i was in default for. Now here is what happened ... Read More »

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