I need some help.

iVillage Member
Registered: 04-06-2003
I need some help.
6
Wed, 05-25-2005 - 9:24am
Me and husband are on one income, and trying to pay off credit cards. WE have payed off one of mne and almost fininshed on my last one. He still has 2 that haven't been paid in almost 2yrs. Well just recently Bank of America CC started calling, actually their collections and their legal department. They want their money. I explained we have no money, which we don't we $80 left at the end of month assuming nothing happens and we don't spend any extra. WEll of course they say not good enough I either can try and make payments for around 700 something or pay 30 percent down which is something like 1106. Again not something that can be afforded. Now he threatning to "get the money forcefully without DH consent" I asked if this meant court, since he would tell me flat out. He said thats one way, but that they could get it either way without the consent. He keeps up acting like I am an idiot when he speaks to me. HE says that they will have to mark DH as evasion, blah, blah, blah. He even said Blah, Blah. We live in Florida, I am willing to pay what I can. AS most of you are probally in or have been in the same boat. I can't borrow money from realatives. I can't cut back bills more. Or as he suggested just put other bills on hold since his bill was on hold. It's frustrating because no matter how much closer we feel we get to paying everything off this happens. What should I do. I know he is probally bluffing =, but you never know. Do you think we should try calling Bank of America directly? Or should we try something else? Sorry its so long I just need help
pregnancy week by week
iVillage Member
Registered: 02-06-2005
In reply to: chica_d
Wed, 05-25-2005 - 12:36pm

I am so sorry you've found yourself in this situation.

Photo Sharing and Video Hosting at Photobucket
iVillage Member
Registered: 03-31-2003
In reply to: chica_d
Wed, 05-25-2005 - 12:53pm

Hi Chica,

You've come to a very good place to get emotional support as you work your way out of debt.

I can't add anything to the previous poster, she said it all! Like she said, "You are not your debt". I've never actually dealt with credit collectors, but when I'm on the phone with someone giving me a hard time, I ask for their supervisor. If they refuse, I ask for their name, tell them to have their supervisor call me, and hang up.

I would start keeping a log of the calls, what was said, by whom, and summarize it for the collector who calls. Try to get everything in writing. Don't stay on the line with them if they're not working with you to help you repay your debt. There's no need for you to suffer - you've suffered long enough. Keep asking for supervisors until you get someone willing to treat you like a human being.

There's also a great book you can get at the library, "How to get out of debt, stay out of debt, and live prosperously" by Jerrold Mundis. It helped me out of financial ignorance, and on to being debt free (for a while, anyway ;-)

Hang in there!!

Lee Ann

Lee Ann

www.werenotafraid.com

iVillage Member
Registered: 04-06-2003
In reply to: chica_d
Thu, 05-26-2005 - 2:43pm
Thank you both for your help it is very useful. One more question though. If something happens and they do take you to court, I know they can garnish wages, but can they take awy stuff such as your car. I have a car under both mine and DH name. I only pd 500 for it so it isn't worth much but just want to see. He also has a car, but is makinging payments will this effect either? thanks
pregnancy week by week
iVillage Member
Registered: 02-06-2005
In reply to: chica_d
Thu, 05-26-2005 - 3:29pm
I wish I knew the answer for you, but I don't.
Photo Sharing and Video Hosting at Photobucket
Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
In reply to: chica_d
Thu, 05-26-2005 - 3:37pm

They cannot take your car, either the one you own outright or the one you're making payments on.

All my best,
Danni

iVillage Member
Registered: 04-06-2003
In reply to: chica_d
Fri, 05-27-2005 - 6:57am
well thats a relief thank you so much
pregnancy week by week