Burn Paypal

[howellco2]

If you stop paying Paypal  your other card compaines  will most likely drop your limits of close your account  and raise your interest rate

In the past i had a BofA Card  never late kept small balance i had a late carpayment by accident they closed my card said my score went down

[Anonymous]

	Due	Min. Payment
Capital One	$3,005.34	$83
American Express PRG	$853.00
American Express OPEN	$8,718.00	$303
American Express	$7,620.00	$136
Walmart M/C	$6,440.00	$220
NFM	$1,589	$64
Paypal Credit Card	$5,695.00	$170
	$33,920.34	$976
House Bills	Due Next Month	Payment
Mortgage		$779
Elec.		$75
Water/Sewage		$63
Gas		$58.00
Car Insurance		$117
		$1,092
Cars	Due	Payment
Fiat	COSIGN	$99.00
Truck		$324
		$423.00
Total		$2,491.00

I lost my job in June making 55k a year, and now i make 36k a year.

[fishbjc]

Before you go this route, call TakeCharge America and speak to a specialist.  My payments were greatly reduced and the interest was brought down to 0-6%.  This was about seven years ago that I paid them off, but my experience was very positive.  Don't ruin your credit.  They will eventually sue for that amount.

[fishbjc]

your payment will, most likely, be around $600 for five years if all the creditors play nice, then there is a small monthly fee of about $25 for them to handle the payouts.

[Anonymous]

What about the debt relief companies?

[beutiful5678]

I would call the credit card companies themselves and ask to be put on a debt management plan. I think it closes the accounts, but it will lower your interest rate and minimum payments. Doing somthing through a third party company will cost you more money because they will charge you a fee.

Is it possible for you to get a rommate?

It sucks to be in this position and I can certainly commiserate having been in a similar position before.

[Anonymous]

Here is some good advice for you! I burned PP Credit for almost $15,000, and their sister company billmelater for $21,000 on a newegg charge account. This was over 3 years ago. Never showed up on any credit reports and never heard another thing about it.  If you're going to charge-off something ,do it with these guys.

[fishbjc]

PP came after my sister right before SOL ran out...for around $2,000.  

Once the other cards see those negatives on PP.....they are going to start raising interest and slashing credit lines anyway.  Might as well be proactive and start making phone calls.  

[Anonymous]

I have heard two different things. Some people said they dont and others say they do report, so i might have to take my chances on that one. I am hoping I can get some type of increased income to pay over because we are going to be having a kid soon too. 

[Anonymous]

Any other thoughts? I am having a hard time finding a second night job... so i need something to do in the presence, i might just have to let this account go until i can save up $5k to psy it off after it goes to collections.