@FireMedic1 wrote:
@Anonymous wrote:
@FireMedic1 wrote:
@Anonymous wrote:Thank you for responding! I really appreciate any advice.
The Harley was repossessed in Jan 2016, listed as charge off Mar 2016. I have received a few letters from collection agencies asking for payment or to make arrangements for a payment plan.
The Chase account (Chevy pickup) was repossessed May 2018, listed as charge off June 2018. I have also received a couple letters, directly from chase, asking for payment. In a way thats good. It hasnt come to a CA placed on your file.
As you've said, I have to pay this stuff, I know. Honestly, I was being stubborn and just didn't want to pay as these were things I never wanted the bills for anyway.
Do these places ever negotiate for a lower amount? 20 grand is a lot of money!
My income is $65000 gross.
Yes, dude definitely took me for a ride, but I'm wiser now and working on teaching myself this credit stuff.
When you call to arrainge a settlement. Start low like 30%. Explain you were just the co-signer and trusted someone. It may help or may not. Wheres the other one you co-signed for? I'd be all over them. Help me pay this stuff. They are kinda older so they may go low. Keep us updated. Yes AZEO is only have 1 card report <8% each month the rest 0. If you have reward cards. Use them for the perks. But stay AZEO like a debit card. Keep us updated and best of luck.
*When you want to quote someone. Hit reply on the post that you want to respond to directly. Text box will load. Hit quote top right. It will load the post and type at the bottom.
Thank you for telling me how to properly reply. I was wondering if I was doing that right. Thanks again for your help. I'm working to get everything to zero, after which I'll keep one in use. I don't use them for anything, I try to pay cash for most items. The capital one quicksilver is the only one with rewards, still waiting for it to arrive.
Unfortunately this dude basically told me to eat the debt. So it's just on me to pay, he's no help. I'm definitely gonna try to get them to lower it. I'll start low like you suggested.
Congrats. Use you Cap1 card as a debit card so you can get the 1.5% on everything you'd pay cash for. Then pay it down to <8%. Let it report and then PIF before the due date. Repeat each month. Leave the others alone once $0 balance. Use them 1 time every 6 months to aviod closure. But pay them before statement date. Sorry you dont want anything to do with this clown. They wont be so tough when handed court papers. Love it when its Bike Week. All these tough bikers loaded with tattoos become whimps when its IV time.
That sounds like a great idea. I have 3 left to zero then I'll utilize my Cap One. Thanks for the 6 month advise. I was wondering about that. Question. I have everything on autopay for the due dates. Do you suggest changing it to pay before the due date?
I definitely understand about the tattoos and IVs, like come on buddy you got all this ink. But yea, although I've got a lot to recover from this dude I still feel like I'm dodging a bullet. So I'll just bite the bullet and pay ☹
Thanks again!
@Anonymous wrote:
@FireMedic1 wrote:
@Anonymous wrote:
@FireMedic1 wrote:
@Anonymous wrote:Thank you for responding! I really appreciate any advice.
The Harley was repossessed in Jan 2016, listed as charge off Mar 2016. I have received a few letters from collection agencies asking for payment or to make arrangements for a payment plan.
The Chase account (Chevy pickup) was repossessed May 2018, listed as charge off June 2018. I have also received a couple letters, directly from chase, asking for payment. In a way thats good. It hasnt come to a CA placed on your file.
As you've said, I have to pay this stuff, I know. Honestly, I was being stubborn and just didn't want to pay as these were things I never wanted the bills for anyway.
Do these places ever negotiate for a lower amount? 20 grand is a lot of money!
My income is $65000 gross.
Yes, dude definitely took me for a ride, but I'm wiser now and working on teaching myself this credit stuff.
When you call to arrainge a settlement. Start low like 30%. Explain you were just the co-signer and trusted someone. It may help or may not. Wheres the other one you co-signed for? I'd be all over them. Help me pay this stuff. They are kinda older so they may go low. Keep us updated. Yes AZEO is only have 1 card report <8% each month the rest 0. If you have reward cards. Use them for the perks. But stay AZEO like a debit card. Keep us updated and best of luck.
*When you want to quote someone. Hit reply on the post that you want to respond to directly. Text box will load. Hit quote top right. It will load the post and type at the bottom.
Thank you for telling me how to properly reply. I was wondering if I was doing that right. Thanks again for your help. I'm working to get everything to zero, after which I'll keep one in use. I don't use them for anything, I try to pay cash for most items. The capital one quicksilver is the only one with rewards, still waiting for it to arrive.
Unfortunately this dude basically told me to eat the debt. So it's just on me to pay, he's no help. I'm definitely gonna try to get them to lower it. I'll start low like you suggested.
Congrats. Use you Cap1 card as a debit card so you can get the 1.5% on everything you'd pay cash for. Then pay it down to <8%. Let it report and then PIF before the due date. Repeat each month. Leave the others alone once $0 balance. Use them 1 time every 6 months to aviod closure. But pay them before statement date. Sorry you dont want anything to do with this clown. They wont be so tough when handed court papers. Love it when its Bike Week. All these tough bikers loaded with tattoos become whimps when its IV time.
That sounds like a great idea. I have 3 left to zero then I'll utilize my Cap One. Thanks for the 6 month advise. I was wondering about that. Question. I have everything on autopay for the due dates. Do you suggest changing it to pay before the due date?
I definitely understand about the tattoos and IVs, like come on buddy you got all this ink. But yea, although I've got a lot to recover from this dude I still feel like I'm dodging a bullet. So I'll just bite the bullet and pay ☹
Thanks again!
I'm not an auto pay fan. Got messed over years ago. And its never their fault. The only auto pay I have is auto insurance for the discount and utilities. I like to handle my own money and not trust a computer. To stay at AZEO once there. You'll have to pay on the cards that are going to report a $0 balance if you use them before the statement date. But having it as a back up is fine. The one that will report. You can pay it before auto pay kicks in. But. Thats just me.
Ohio's statute of limitations is six years regardless of the type of debt. The time limit is counted from when a debt became overdue or when a borrower last made a payment, whichever happened more recently. If it's been more than six years, a creditor cannot sue a debtor for debt collection purposes.
What resets the statute of limitations on debt collection?
Making a payment on an old debt, whether in full or part, revives it, essentially restarting the clock on old debt.
Agreeing to pay: If you acknowledge that the debt is yours and agree to pay, the statute of limitations on your debt will start over.
So look up the last payment on the Harley. You might be right on the edge with this one or passed it. If repo'ed in Jan. Last payment is before that.
Same apllies with Chase.