Any direction you can give me would help. Thank you

Hi mercuryart

I wonder why you can't make the minimum payment of that $400 anymore. Can you be more elaborate on that earning specified? If $15,000 is your monthly income, then you have an approximate due of $20,000. And it becomes stranger that you have not made any assets by now.

Moreover, It's very stranger from the part of the credit card company who is not offering any assistance to you who has made payments for over 3 years and who has a great credit. Can you explain your situation elaborately so that it becomes easier to understand the situation?

Roxette

Thanks for replying to my post.
I can no longer make my payments because my income has decreased. I don't know why it is weird I have no assets, I rent an apartment in Manhattan in NYC, that could do it. Maybe also because I have always payed off my debts (school, other).

As far as the credit card, I don not understand it either why they will not assist me. First USA turned to Bank One, then they turned to Chase. I contacted them over 6 months ago to preempt and bad situation. I try to be proactive, but there is nothing they can do unless they reccommend me for their hardship program which puts me in a worse place than I am in now.

What else can I tell you? I am looking into a personal loan and there is this situation where a company can buy my debt and I will have no credit for three years. Not sure what to do.

Hi mercuryart

I will suggest you not to go for personal loan to pay off your debts, since your income has decreased and it will further put a strain on you financially. What I recommend you is to opt for debt consolidation because it will have lower monthly payments and the interest rates will also be lower in comparison. Taking a loan to pay your debts won't be the best choice for you at this stage.

Roxette

I looked into that. Thank you. It was my first thought, however, as I stated before, I have excellent credit and my rate is already at a very low rate of 8.99%. I only have one credit card with no assets and there is nothing to consolidate.
So, I'm not sure where to go next.

Hi mercuryart

Having no assets, you can still opt for consolidation. Isn't it? And you can make the monthly payments from your regular income. What do you say?

Roxette

How do I get the person who contacted me by phone on Apreil 25th to call me again and email me the info we had talked about?

He was very helpful and actually suggested an applicable solution. No offense, but I feel like I am going in circles here.

Hi mercuryart

As I suggested in other post to your reply that the consultant is trying to free some time for you. You don't need to worry much as it is certainly their responsibility to contact you. You can be a bit patient for the time being and let's hope that it works out nicely. I think the customer care has forwarded the call and now the consultant will keep further correspondence with you. I believe that's how it works.

Thanks with regards
Roxette

Thank you Roxette, to both replies.
I just have been under the gun and I was led to believe he was going to email me on April 25th.
Just following up.

Thank you again.
Mucha appreciated!

MA

Hi MA

:D You don't need to worry much. Trust me everything will just work up nicely. Don't get tensed and enjoy.

Keep smiling :) Always

Roxette