Debt issues because of medical bills. I actually pay like $800 a month now in medication and dr copays!! I had a very high risk pregnancy and was on bedrest, the baby was born sick (Thankfully she is healthy happy 4 year old today), shortly after she was born I was diagnosed with severe lupus SLE. So we lived on credit cards for awhile when trying to make ends meet.Everything is closed. We have 29k (does not include car which is 19k and with chase) in debt that I am wiping out with this money. There should be enough to put in savings (10k). I am expecting about 40-50k as part of a settlement from a car accident hubby was in. They are in the negotiations stages now. Oh and I forgot hubby was in an accident that totaled MY car (he took it to work because it had been sitting while I was out of town for work. A girl on a suspended license for DWI and in her dad's car and her dad was in the car with her plowed through a stop sign at 55miles an hour into him. Both cars were totaled. He had to be cut out of the car.He had broken ribs and knee surgery and back issues as a result). We want to pay the debt off and be free of it. Right now, just Discover and Chase is about 13k all together. I have a 0% interest rate on everything. My payments to them both equal to $770 a month. So I am anxious to get rid of this.
Chase was pretty cool about the 0% interest plan. They sent us a letter after 6 months telling us that they were marking our credit reports as current and removing past dues on it! They said it was because we had made all of our payments on the plan on time to them. It took Discover a while to come around. They eventually gave us a 0% interest 5 year plan too.
So I guess if I want credit with them (Chase did give us a car loan with our terrible scores of 500 and 520 last year at a 7.9% interest rate. I know I was shocked too! They also hold our mortgage note) I need to pay full amount to them for a chance. Anyone else negotiate. I am pretty good at negotiating as I do that in my job everyday (contracting officer for govt). We also have several collections from accounts that have been charged off and passed around to JDB. A few have sued, all have lost. They hd no documentation to back up paperwork, could prove they owned the debt, or didn't have a chain of custody.
We also are trying to get ourselves into upgrading to a new house within a year as our house is too small with one bathroom and three daughters, a hubby and me. I am hoping to get my score up to 620 within a year or higher. We will be using my hubby's va loan (right now ours is a conventional loan because VA always counted daycare costs in the ratios, my last one is in prek now. WHOO HOO so that frees up another $700 a month and will not be in our debt to income ratios as in the past). I do want to get credit again with discover and chase.
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