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Bill Me Later Wants Me to Pay But I Can’t. Can I Settle With Bill Me Later? – Michael

Written by Consumer

My name is Michael, and I am 23 years old, 2500 dollars in debt to bill me later, and earn 8.50 an hour working for a computer retailer. I had never been given much to work with before, so I went nuts. Always saying “This will be my last purchase.” I screwed up. Badly. Recently, my payments have begun increasing. I thought I understood the fine print, but that was just the over-confidence of being young. Assuming I could handle it, and that my payments would never increase was the biggest mistake I’ve ever made. I need help with understanding the hole I’ve dug myself into, and the best ways to dig myself out of it before I’m buried and my credit score is even further ruined. I’m generally a responsible person, and I don’t want the debt to just go away or be paid for me. (though, it would be nice.) I want to pay this off and do it right.

What kind of options are available to me? Is there a way to settle on max payment per month I can be charged? Will BillMeLater be willing to work with me to pay them off at a proper pace? Is there a way to level off the max payment a month that I can be charged? What other things can I do when this is paid to take care of my credit score since this is not doing me any good?


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  • first i would call and find out what your options are with BML. then i would work out my monthly budget to see what i could afford to pay them. i have had to cut out any luxuries before to pay off debts i created, see if you have anything you absolutely don’t need and maybe put that $ toward your payments. if you only make the minimum it will take a long time to pay this off, which the sooner you get it paid down the better your credit score will be, and as long as you are making steady payments even though some might be the minimum that will help your credit score but the biggest help to your score would be to get this paid down to 50% of your available credit, then your score should rise more significantly.

    good luck

  • Call them and ask for a reduction of the bill with the ability to pay a certain amount each month.  You can also ask for the percentage rate of the credit charge to be reduced.

  • just do your best tomake them as many of the originally agreed upon payments as u can…
    in your case I would make 3 to 5 payments. At that point u won’t be accuse if fraud.

    I’m not an attorney, but I did stay at a holiday inn express, last night

    Sweet J

  • Have you called Bill Me Later?  These companies usually have several options to help you pay without killing your credit.

    I disagree with Jared that having your family bail you out is the best alternative.  Lending money within a family creates family drama

      • you will have to speak to the lender – each one is a bit different, but there are hardship programs where the interest rate can be reduced for a period of time, which makes the payments lower. They probably won’t let you use the account any more, but it gets it paid off without killing your credit history.

        • Good morning, Nan. Unfortunately, most hardship arrangements are reported to ones credit. Granted they’re not as damaging as a charge off, but they’re generally still damaging for the duration of the hardship program.

          You’re right about the potential of drama from a loan from family. That’s why it so important to make sure that the arrangement that is made between family members is realistic and comfortable for both parties.

          With Michael’s situation, his expressed goal is saving his credit. His only 2 options to do that are paying the normal payments (which he apparently can’t do) or paying off the account.

  • Hi Michael, 

    The last thing you want to do is settle. If your total unsecured debt load is $2,500, you and your credit will benefit greatly by not settling. The damage the settlement would do to your credit isn’t worth the amount you would save. With that said, you still need a solution to your problem. You’re young and you have your entire future ahead of you. It would be a shame to have a $2,500 account stand in your way. 

    If you can’t maintain the required payments, your best bet is to contact a family member and borrow the funds to pay this off from them. Anything that negatively deviates from the original contractual terms could have an adverse effect on your credit. So, by borrowing the money, you’ll reverse that situation and begin to rehabilitate. 

    Just make sure the arrangement you make with your family member is affordable and comfortable for the both of you. 

    Feel free to follow up with any questions. Good luck to you.

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