Wes T
Stunt Coordinator
- Joined
- Apr 11, 2000
- Messages
- 55
I hate to bring up personal problems to people I don't know, but I figured that my friends at the HTF might be able to help me.
My financial picture is not good. But, I have never been late paying my credit obligations. Apparently, one of my creditors decided that they no longer want me to do business with them, and they raised my rate to a whopping 29 percent! They tell me that they sent me an "opt out" letter. Yeah right...mixed in with all of the 15 "credit protector" letters I get a month. Also, back in April I was recovering from back surgery so I guess I overlooked the junk mail letter they sent me. I have pleaded my case with them, and tried with no luck to close my account at the old rate. Now they want a 100 dollar payment that is all interest and NO principal! I have no way to re-pay this debt. I have tried 4 times to get a different card to try and move this money but no one will give me another card. I pulled my credit. Everything is "paid-never late" with the exception of one 30 day on my car back in November of last year. Too many accounts. Yep. And a buttload of inquiries. Now I am stuck with a 4000 dollar card that I could never pay.
My choices: Keep paying the theives at C$3%e bank 100 dollars a month for nothing, and hope that I can pay some of it with my income tax next year. Blow off the debt and ruin what is left of my credit. Go bankrupt (I have never liked this but now I know why so many people do it). Go crying to Mommy which is really ridiculous for a 40 year old man.
What I can't do: Pay it. I have negative money every month already. I can't do home equity, I just did that in November. I can't get another card to "flip" it to. I have no collateral for a loan.
Does anyone have any suggestions? It is really bad that I have less than 10 grand in credit debt, I make good money, and I can't get out of this jam! Credit cards are the DEVIL!
-Wes
My financial picture is not good. But, I have never been late paying my credit obligations. Apparently, one of my creditors decided that they no longer want me to do business with them, and they raised my rate to a whopping 29 percent! They tell me that they sent me an "opt out" letter. Yeah right...mixed in with all of the 15 "credit protector" letters I get a month. Also, back in April I was recovering from back surgery so I guess I overlooked the junk mail letter they sent me. I have pleaded my case with them, and tried with no luck to close my account at the old rate. Now they want a 100 dollar payment that is all interest and NO principal! I have no way to re-pay this debt. I have tried 4 times to get a different card to try and move this money but no one will give me another card. I pulled my credit. Everything is "paid-never late" with the exception of one 30 day on my car back in November of last year. Too many accounts. Yep. And a buttload of inquiries. Now I am stuck with a 4000 dollar card that I could never pay.
My choices: Keep paying the theives at C$3%e bank 100 dollars a month for nothing, and hope that I can pay some of it with my income tax next year. Blow off the debt and ruin what is left of my credit. Go bankrupt (I have never liked this but now I know why so many people do it). Go crying to Mommy which is really ridiculous for a 40 year old man.
What I can't do: Pay it. I have negative money every month already. I can't do home equity, I just did that in November. I can't get another card to "flip" it to. I have no collateral for a loan.
Does anyone have any suggestions? It is really bad that I have less than 10 grand in credit debt, I make good money, and I can't get out of this jam! Credit cards are the DEVIL!
-Wes