Freaking Creditors

I don't know if anyone remembers but awhile back I was trying to pay off my debt. I had a $900 Credit card that went into debt, that I did not pay off. 3 years later the debt went from $900 to $2300 (interest). About that time I called to try and get it fixed. I called them and they said they would settle for $900 or $88 for 2 years. I did not have the $900 so I went with $88 for 2 years.

SO more then 7 months later I called them because now I have money. I asked them if we can settle for the rest that I owe. According to them they have not received a payment from me since January. That our agreement for $88 a month for 2 years was void. I was mad but what ever, I want to settle, so I asked how much would they settle for now.

They said $1300!!!! So I asked how much have I paid you guys so far? $700. $700 later and I have to pay more? Yes you haven't paid $88 in two months and there has been interest. So I asked how much is the debt now? She said $1700.

These people are assholes. How can they offer $900 over 7 months ago, and after $700 worth of payments offer $1300 and deny ever offering $900!!! :angry:


This debt collector is called Unifund btw

You didn't pay it off for basically almost 4 years. Be grateful they don't want to repossess your soul and give them the money. Chalk it up to an expensive lesson in life. And well done btw for being a man and finally facing up to your responsibilities.

If I was grateful I'd also be a sucker

Why do people feel the need to come here and whine about their shitty lives? :dabs:

sorry i bothered you

I was more looking for advice, but I see that nice people don't come to FST anymore. Just a bunch of assholes.

BTW my life is great. I just don't like creditors.

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Originally Posted by Barbarossa

Why do people feel the need to come here and whine about their shitty lives? :dabs:

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Yeah, I hate it when people do that.

:unsure:

Btw....is that you in your avatar?

Unfortunately you got suckered into a creditors favorite scam. They settle on a number and then renig latter. :dabs:

You should never make a single payment to a creditor with regard to a settlement without getting the final settlement amount in writing first.

Try to talk them down as much as possible on the remaining balance. Once a number is agreed to, tell them you'll make the first payment or total payment immediately after receiving written confirmation of the total settlement. I'd try to get them down to the remaining $200.

You were financially irresponsible and you had to pay the price. Cleary the bank had the right to accrue a free. Frankly, I don't see what your problem is. :schnauz:

The bank isn't collecting anything. It's a creditor.

I was just quoting Louis.C.K. Gimmie a break. :emo:

Ah, I 'member that. :lol:

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Originally Posted by Skizo

Unfortunately you got suckered into a creditors favorite scam. They settle on a number and then renig latter. :dabs:

You should never make a single payment to a creditor with regard to a settlement without getting the final settlement amount in writing first.

Try to talk them down as much as possible on the remaining balance. Once a number is agreed to, tell them you'll make the first payment or total payment immediately after receiving written confirmation of the total settlement. I'd try to get them down to the remaining $200.

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Depending upon Local Statute, even this may not be enough and they can still go back on the Agreement.

Best to get SOMEONE ELSE to "buy" the debt at the settlement figure, with everything in writing. That way the settlement is a seperate contract with another party, and as such enforcable.

Give the money to your Dad or sth to settle for you.

I'm sure they can renege on a deal if the debtor forgets to pay for a couple of months :rolleyes:.

I hate to be an asshole but you said, "I had a $900 credit card that went into debt, that I did not pay off 3 years". However, they agreed to waiver the fees/interest and have you pay $900 straight up. You couldn't afford that till 7 months later. When you did have the money, more than 3 years of the original debt, they said $1300 which seems fair considering it took you so long to pay up plus interest.

Also, when they said you missed payments, do you have records of actually paying them $88 monthly? If so, dispute that, otherwise stop complaining. They gave you so many breaks. Next time, pay your bills on time.

I hope you learned your lesson to not charge stuff you CAN'T afford. You should use a credit card when you don't have the cash on you but CAN afford it.

I hate to be an asshole but your an asshole

It seems that by not paying for 2 months, you have defaulted on the contract and I'm sure this standard contract of adhesion provides for them to penalize and/or accelerate payment. In layman's terms: they've got you over a barrel because of the missed payments.

I feel your complaints though. These debt collection agencies are a real barnacle. Unifund is not the worst but they are pretty bad http://cincinnati.bbb.org/WWWRoot/Re...2&firm=6002615

Try to negotiate with them, I am sure if you talk to a manager you may get a good deal, but remember if you own now $2000, and you settle for let's say 700, then you have to tell the IRS, they will find you and the 1300 is counted as income, so watch out.

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Originally Posted by start

I hate to be an asshole but you said, "I had a $900 credit card that went into debt, that I did not pay off 3 years". However, they agreed to waiver the fees/interest and have you pay $900 straight up. You couldn't afford that till 7 months later. When you did have the money, more than 3 years of the original debt, they said $1300 which seems fair considering it took you so long to pay up plus interest.

Also, when they said you missed payments, do you have records of actually paying them $88 monthly? If so, dispute that, otherwise stop complaining. They gave you so many breaks. Next time, pay your bills on time.

I hope you learned your lesson to not charge stuff you CAN'T afford. You should use a credit card when you don't have the cash on you but CAN afford it.

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I thought only parents had the right to be that much moralizing :dry:

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I thought only parents had the right to be that much moralizing :dry:

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I'm tired of people playing victim and not taking responsibility.

It's amazing here, the number of financial experts is quite extraordinary.

Even more so for a BT trading site.

Lighten up.

Everyone fucks up occasionally, none of us are perfect except JP


Edit:

JPaul, as always, you have perfect timing :unsure:

Post edited to show so.

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Originally Posted by start

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I thought only parents had the right to be that much moralizing :dry:

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I'm tired of people playing victim and not taking responsibility.

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Let's see when banks start taking responsability and stop giving credit cards to people that can't afford them.

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Originally Posted by pentomato

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Originally Posted by start

I'm tired of people playing victim and not taking responsibility.

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Let's see when banks start taking responsability and stop giving credit cards to people that can't afford them.

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Yeah it's the banks fault that people spend money they can't afford on credit cards they can't service.

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Originally Posted by JPaul

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Originally Posted by pentomato

Let's see when banks start taking responsability and stop giving credit cards to people that can't afford them.

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Yeah it's the banks fault that people spend money they can't afford on credit cards they can't service.

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To be honest mate, a lot of people get suckered into it, let's be fair. I worked in the industry for a while and it's not pretty what goes on there.

And I agree with squeams; take it as a valuable, yet painful lesson and cut your losses as much as you can. Little hint: Most creditors allow their employees to negotiate their own settlement figures, and most of these employees work towards a commission. If you phone a company at the end of the month you are more likely to get someone who already hit his or her target and will be more lenient. Also, don't be afraid to phone in several times and speak to different people until you get an agreement out of them. Three quarters of the time the person you spoke to previously won't have logged the exact details of the conversation anyway.

Good luck with it.

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Originally Posted by Skweeky

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Originally Posted by JPaul

Yeah it's the banks fault that people spend money they can't afford on credit cards they can't service.

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To be honest mate, a lot of people get suckered into it, let's be fair. I worked in the industry for a while and it's not pretty what goes on there.

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I think that's an abrogation of personal responsibility. People buy shit they don't need and can't afford then it's someone else's fault they did it and can't afford to service the debt.

Not everyone is "responsible".

Common Sense is by no means that common.

Credit: You only need to google "shopping catalogs" to see the amount of links from company's pissing their pants in anticipation of making another poor person bankrupt, cunts.

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Originally Posted by JPaul

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Originally Posted by pentomato

Let's see when banks start taking responsability and stop giving credit cards to people that can't afford them.

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Yeah it's the banks fault that people spend money they can't afford on credit cards they can't service.

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Yes it is, why would a bank give anyone a credit card with $20000, if they don't even make $15000 a year? They just don't care, that's why some people are loosing their houses, most people could never afford them and the banks would tell people instead of writing down you make $1000 a month, lets put that you make $3000. They do it with car loans too.
It is about personal responsability, but banks too, they just prey on people's needs, most people would never be able to have a good car or a house without credit, banks just take advantage and after a while the interest from 8 per cent goes to 24 or more.

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Originally Posted by pentomato

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Originally Posted by JPaul

Yeah it's the banks fault that people spend money they can't afford on credit cards they can't service.

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Yes it is, why would a bank give anyone a credit card with $20000, if they don't even make $15000 a year? They just don't care, that's why some people are loosing their houses, most people could never afford them and the banks would tell people instead of writing down you make $1000 a month, lets put that you make $3000. They do it with car loans too.
It is about personal responsability, but banks too, they just prey on people's needs, most people would never be able to have a good car or a house without credit, banks just take advantage and after a while the interest from 8 per cent goes to 24 or more.

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So, either,

A. You've had a brain transplant.

B. You've discovered the wondrous and aesthetic benefits of spellcheck.

C. They've found a cure for spastics.

D. Your mum is posting for you now.

E. Your account has been hacked to the max.

Whichever it is, doesn't it feel better to make a coherent post for once?

Well done.

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Originally Posted by chalice

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Originally Posted by pentomato

Yes it is, why would a bank give anyone a credit card with $20000, if they don't even make $15000 a year? They just don't care, that's why some people are loosing their houses, most people could never afford them and the banks would tell people instead of writing down you make $1000 a month, lets put that you make $3000. They do it with car loans too.
It is about personal responsability, but banks too, they just prey on people's needs, most people would never be able to have a good car or a house without credit, banks just take advantage and after a while the interest from 8 per cent goes to 24 or more.

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So, either,

A. You've had a brain transplant.

B. You've discovered the wondrous and aesthetic benefits of spellcheck.

C. They've found a cure for spastics.

D. Your mum is posting for you now.

E. Your account has been hacked to the max.

Whichever it is, doesn't it feel better to make a coherent post for once?

Well done.

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:huh:

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Originally Posted by Rat Faced

Not everyone is "responsible".

Common Sense is by no means that common.

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Exactly. Not everyone is born with the gift of intelligence and there are people out there who think that 'if the bank decided to give me credit, surely it must be ok'

I have seen banks giving credit cards with a 10K limit to people on a 15K income. That's the equivalent of giving a baby a pair of scissors to play with.

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Originally Posted by chalice

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Originally Posted by pentomato

Yes it is, why would a bank give anyone a credit card with $20000, if they don't even make $15000 a year? They just don't care, that's why some people are loosing their houses, most people could never afford them and the banks would tell people instead of writing down you make $1000 a month, lets put that you make $3000. They do it with car loans too.
It is about personal responsability, but banks too, they just prey on people's needs, most people would never be able to have a good car or a house without credit, banks just take advantage and after a while the interest from 8 per cent goes to 24 or more.

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So, either,

A. You've had a brain transplant.

B. You've discovered the wondrous and aesthetic benefits of spellcheck.

C. They've found a cure for spastics.

D. Your mum is posting for you now.

E. Your account has been hacked to the max.

Whichever it is, doesn't it feel better to make a coherent post for once?

Well done.

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Well that was...nice...of you, I think.:blink:

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Originally Posted by pentomato

It is about personal responsability, but banks too, they just prey on people's needs, most people would never be able to have a good car or a house without credit, banks just take advantage and after a while the interest from 8 per cent goes to 24 or more.

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It's not about people's needs, it's about their wants. People want nice stuff they rarely need it. They get the credit card because they want stuff and don't think ahead, that's not the banks fault.

Re the interest part, that's just talking pish. Anyone who buys a car or a house with a credit card is an idiot. Anyone who doesn't have a fixed rate of interest on a car loan is an idiot. Anyone who doesn't arrange a fixed mortgage term is an idiot.

None of that is the bank's fault, it's people blaming the bank because of their own greed and stupidity.

I was just astounded that he wrote something I could understand which didn't insult anyone.

A few schoolboy errors, but they were forgivable, like.

It all hinges on his next post. It could go either way. A bit like him, actually. :naughty:

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Originally Posted by chalice

I was just astounded that he wrote something I could understand which didn't insult anyone.

A few schoolboy errors, but they were forgivable, like.

It all hinges on his next post. It could go either way. A bit like him, actually. :naughty:

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Shut up already

And then he goes and spoils it all by saying something stupid ...

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Originally Posted by pentomato

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Originally Posted by chalice

I was just astounded that he wrote something I could understand which didn't insult anyone.

A few schoolboy errors, but they were forgivable, like.

It all hinges on his next post. It could go either way. A bit like him, actually. :naughty:

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Shut up already

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Now, you and I know I'm not going to shut up, don't we?

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Originally Posted by JPaul

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Originally Posted by pentomato

It is about personal responsability, but banks too, they just prey on people's needs, most people would never be able to have a good car or a house without credit, banks just take advantage and after a while the interest from 8 per cent goes to 24 or more.

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It's not about people's needs, it's about their wants. People want nice stuff they rarely need it. They get the credit card because they want stuff and don't think ahead, that's not the banks fault.

Re the interest part, that's just talking pish. Anyone who buys a car or a house with a credit card is an idiot. Anyone who doesn't have a fixed rate of interest on a car loan is an idiot. Anyone who doesn't arrange a fixed mortgage term is an idiot.

None of that is the bank's fault, it's people blaming the bank because of their own greed and stupidity.

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But you need a credit card for everything these days, you have to go in an emergency trip anywhere, and the only way to buy a ticket is on the internet with a credit card, and if you don't have the money you are screw.
I wasn't talking about buying a house on a credit card, credit is credit and it is not stupid that people want to own a house or a car.
Fix rates? Of course when you have a clue about it, but the majority of people don't, not everybody is as smart as you.
Let me put it the way you may understand, when a bank for their benefit, lies and gives you a loan or a credit card that you can't afford, yes it is the banks fault.

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Originally Posted by chalice

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Originally Posted by pentomato

Shut up already

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Now, you and I know I'm not going to shut up, don't we?

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Yes we do know that.
:frusty: