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if hsrd financial times come do they have a hardship program to reduce interest rates and payments for a period of time
Most lenders have some sort of hardship program, but I don't know about Barclays specifically. Might be best to call them and ask.
@Anonymous wrote:Most lenders have some sort of hardship program, but I don't know about Barclays specifically. Might be best to call them and ask.
Exactly. It's best to get this kind of information straight from the horse's mouth
@Anonymous wrote:
@Anonymous wrote:Most lenders have some sort of hardship program, but I don't know about Barclays specifically. Might be best to call them and ask.
Exactly. It's best to get this kind of information straight from the horse's mouth
Until you ask and they lower your credit limit to like 300 or 500
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:Most lenders have some sort of hardship program, but I don't know about Barclays specifically. Might be best to call them and ask.
Exactly. It's best to get this kind of information straight from the horse's mouth
Until you ask and they lower your credit limit to like 300 or 500
Yes that is what I wanted to avoid.
When my wife lost her job a few years ago she called up BOA just to inquire about hardship. She didnt even tell them she lost her job. They closed her account just off of inquiring about it. She was pissed and she rightfully should be. A simple inquiry should not raise a red flag to anyone. People just want to know options sometimes .
So I would rather not stir the pot and get them on edge for no reason.
@CreditGuy03 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:Most lenders have some sort of hardship program, but I don't know about Barclays specifically. Might be best to call them and ask.
Exactly. It's best to get this kind of information straight from the horse's mouth
Until you ask and they lower your credit limit to like 300 or 500
Yes that is what I wanted to avoid.
When my wife lost her job a few years ago she called up BOA just to inquire about hardship. She didnt even tell them she lost her job. They closed her account just off of inquiring about it. She was pissed and she rightfully should be. A simple inquiry should not raise a red flag to anyone. People just want to know options sometimes .
So I would rather not stir the pot and get them on edge for no reason.
You can check the rebuilding forum to see what experiences others had. While it won't necessarily be as accurate as asking Barclay directly, you won't risk the kind of overreaction that happened to your wife.
FWIW, my personal experience with them back in 2009 was Yes, they do. BUT, they close your acct and give you more managable min pymts to pay monthly until PIF. So in hindsight, I don't know that it was that good of a program to #1 lose the card and have it reported to the CRA as "closed by creditor" and #2 still have a balance reporting on a closed acct to the CRA. I ended up getting a loan from my 401K to just pay them off so it would eventually drop off my CR entirely (which it now has )
@CreditGuy03 wrote:
Yes that is what I wanted to avoid.
When my wife lost her job a few years ago she called up BOA just to inquire about hardship. She didnt even tell them she lost her job. They closed her account just off of inquiring about it. She was pissed and she rightfully should be. A simple inquiry should not raise a red flag to anyone. People just want to know options sometimes .
So I would rather not stir the pot and get them on edge for no reason.
The solution to this one is fairly simple. Do you have access to a phone number that's not associated with any of your Barclay accounts? Call them from that number, dont mention you are a customer, say you are doing research on a new card and vetting potential lenders, and ask whether they have a hardship program.
@CreditGuy03 wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:Most lenders have some sort of hardship program, but I don't know about Barclays specifically. Might be best to call them and ask.
Exactly. It's best to get this kind of information straight from the horse's mouth
Until you ask and they lower your credit limit to like 300 or 500
Yes that is what I wanted to avoid.
When my wife lost her job a few years ago she called up BOA just to inquire about hardship. She didnt even tell them she lost her job. They closed her account just off of inquiring about it. She was pissed and she rightfully should be. A simple inquiry should not raise a red flag to anyone. People just want to know options sometimes .
So I would rather not stir the pot and get them on edge for no reason.
Now that is just crazy! I'm usually team BOA. But, sometimes they can be super sensitive and overreact.
Have you tried Google? If nothing comes up, I agree with the poster that suggested calling from a phone not associated with your account and just doing a general inquiry without giving personal info.
@yfan wrote:
@CreditGuy03 wrote:
Yes that is what I wanted to avoid.
When my wife lost her job a few years ago she called up BOA just to inquire about hardship. She didnt even tell them she lost her job. They closed her account just off of inquiring about it. She was pissed and she rightfully should be. A simple inquiry should not raise a red flag to anyone. People just want to know options sometimes .
So I would rather not stir the pot and get them on edge for no reason.
The solution to this one is fairly simple. Do you have access to a phone number that's not associated with any of your Barclay accounts? Call them from that number, dont mention you are a customer, say you are doing research on a new card and vetting potential lenders, and ask whether they have a hardship program.
Good Idea.
I will try that