“Dear Steve,
I have a Sam’s card and was paying on it until i lost my job and can’t pay on it.. plus had to go to the doctor for depression and medication.
The credit card company calls and I explain it but they are nasty and I’m scared to what happens next.
What can I do until i find other employment. I own nothing right now and live at my parent’s house… which causes them problems answering the phone in my behalf until I tried to talk to them.
I don’t want to not pay the bill, but I’m struggling to find a job.
Cheylynne”
Dear Cheylynne,
Sam’s Club issues credit cards underwritten by either GE Money or Discover. I’m not sure which card you have. Regardless the same issues apply. The reality is that due to your employment situation you can’t make a payment promise right now. The best thing to do at the moment would be nothing.
I know doing nothing sounds like crazy advice but until something changes here to alter the equation there is little need to do anything other than to be pleasant and nice when the creditors call. As long as you are cordial and nice your account will flow through the normal collection process and that will buy you some additional time.
So here is what will happen next. Once your account reaches 180 days past due it will be charged off and sold to a new owner. Until then your account will flow through the normal collection process and collection efforts will fluctuate as it moves from one collection queue to the next.
Eventually you may be sued to collect the debt.
I’m really glad to see you getting help for your depression. Debt problems only make depression problems worse so treatment for depression is critical at a time like this.
You probably want to do something to make this situation go away. The best thing you can do is concentrate of getting a job. By the way, how much debt do you owe?
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Do you have a question you'd like to ask me for free? Go ahead and click here.
- Lexington Law Credit Repair Gets Hammered in Lawsuit Settlement. If You Sell Credit Repair – Wake Up! - August 28, 2023
- People That Got Scammed by Robocall Debt Relief Company Life Management Services of Orange County to Get Money Back - July 7, 2023
- Consumers Charged Illegal Student Loan Relief Fees to Get Some Scratch Back - July 7, 2023
As you can see my parents let me live there but today figured I should be on my own.
I have lived between two places and it is difficult. Now they would like it if I would just stay with my friends.
I guess I just didn’t want any one to know that my parents didn’t want me to live there. I understand it but it is very difficult… If I don’t find a job soon I won’t have parents or friends. either one
Cheylnne,
Focus on the job issue and then let’s deal with the rest.
Steve
FYI
As to the earlier comment… I paid the bill off and on when I babysat my roommates child.. But just making the minimum payments…
She said I can babysit more but won’t get paid as now I need to pay her for letting me live here… which means babysitting while she works.. and that will offset my rent until I can find a job somewhere
I owe $5,000 and pay the minimal charge but interest rates are putting me over the top.
Thanks for your service.. it helped considerably.