I haven't charge anything for over a year now, I live in Senior Housing ( I'm a senior) who lives on Social Security and alimony now retired/Divorced ,I was doing average spending and surviving, then everything went up , My rent My utilities, Car Insurance,My Health Plan, so this took a bite out of my income. Therefore there wasn't quite enough to pay those two credit cards , I have No loans, Mortgages, No Nothing.. My priorities came first. I'm working on one card to try to stay ahead but the other card, is ready to go to a debt collector, I was giving "Good Faith payments, " but not good enough. My Credit Score took a dive, All the comments listed do this do that, To much to process,
You don't want to close your accounts because it will actually lower your credit score as it will change your credit to debt ratio. Destroy the card for sure and never use it again. Just keep paying the balance down. Good luck. I am in the same boat.
I have TWO Credit Cards One acct is closed.. making pyts. The One which is open I. have not been applying any pyts because of my income so I would assume it was signed over to a collection agency my acct online and credit report does not show Debt Collector or Collections, haven't used them I would say in a year. Both have balances on them. Total $4,800..... Both are also locked
Yes I'm aware of that (Haven't use in almost a year.) I have Two Credit cards with Balances. Total $4800.... The one that is closed ,shows on my Credit Report "Closed by Consumer" . I do not remember closing that acct.??Questionable. The acct that is open gets no pyts The one that is closed gets pyts
Yes I have Two Credit Cards Total Owed $4,800 One card is Open , One card is closed Im paying on the acct that is closed ( I just picked one to pay)The one that is open I can't do right now What I don't understand is why it has not gone to collection. I had no choice for that card. I had to let it go, It's been a year but I don't see anywhere that it is collection.