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zackrat
Joined: 06 Jan 2010
zackrat's page
Posts: 7
4 Magic Points
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Subject: Getting Behind
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Wed Jan 06, 2010 5:12 pm
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| I recently got behind on a bill that I have been paying on for years, the balance has not went down, it is high intrest. I would like to have the intrest lowered but don't see that happening because of my credt score being low. I am getting frustrated because they are now calling me daily, this is the first time that I have gotten behind because of some unforeseen expenses, I plan to catch it up when I get my income tax but in the mean time they keep calling. Can anyone advise me on how to talk to them and let them know that this is a first time deal and that I will be back on track here in a month or so. I apologize for ranting but they are getting on my last nerve and I am ready to blow up on them. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3927
10 Magic Points
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Wed Jan 06, 2010 6:03 pm
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| How long have you been with the company? Have you tried to get them to let you make a partial or an intrest payment. I know it can get very frustrating when you have been with a company for a long time and they treat you badly when you fall a little behind. Hopefully you can work something out with them. I am not real sure what to tell you about the intrest rate, have you talked to them about refinancing the loan, this may be an option if you have had it for a long period of time. |
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zackrat
Joined: 06 Jan 2010
zackrat's page
Posts: 7
4 Magic Points
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Thu Jan 07, 2010 12:51 am
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| I have had this debt for about 6 years now, my credit is not real hot so I had to settle for a finance company, the rates are awful but I had the need at the time. I have always planned on paying more than the regular payment, but something always gets in the way. I was thinking about even taking on a part time job but the baby came along and wala once again I am now behind a month. I will be back to work in a month or two, then I will try to pull some overtime, then income tax should be done and I will get caught up. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3927
10 Magic Points
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Thu Jan 07, 2010 3:39 am
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| That sure is a while, maybe you should be asking them to take a look at refinancing that debt for a lower intrest rate, it is worth a shot, all they can say is no right? |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: credit
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Thu Jan 07, 2010 10:26 am
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| Also......you can ask them about (maybe?) an 'Interest Payment' (paying just the % on the loan) for the month. Some finance companies will 'work with you' doing this....I think you can do this 3 or 4 times a year without any 'negative' impact to you. If you do talk to them about this, please give me an 'update' on what they say.............I've done a few '% payments' on a loan before. So, it's not like they DON'T do it. Good luck. |
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AnyaRostov
Joined: 09 Jan 2010
AnyaRostov's page
Posts: 13
270 Magic Points
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Mon Jan 11, 2010 10:50 pm
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| Have you tried to just negotiate the whole thing to get it paid off? Banks and collectors are settling for record low pay offs. If you want the assistance of a professional debt negotiator please give me a call at (614) 453-5963. We are Legal Credit Card Help, LLC. |
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