I did something very silly.....?

a few years ago i got a credit card, well my bank offered it to me, i was young and i accepted. i maxed the credit card out to its limit and could not afford to pay it back, i ended up getting another credit card as it was stupid and silly with money. i then moved home and have stopped paying them back. i am hoping to clear them in the next few months. however i have not contacted the companies and have not been back to my old house to see if they have written which im sure they have. my question is: do you think they will blacklist against me or the old house? and can i get a ccj for it? thanks

I did something very silly.....?unsecured loan

Get a copy of your credit report and find out which collection agency your debt has been sold to. The credit card companies may still have the debt but it it%26#039;s been a couple years, it%26#039;s undoubtedly been written off and sold.

Be prepared for big outstanding balances. The interest, late fees and overlimt fees have been accumulating.

You can negotiate settlement but make sure you get the settlement agreement in writing and do not give them access to your bank account. Collection agencies are not going to accept small payments that string out the debt. A lump sum settlement is more likely to get the debt settled for less than the full amount. If they accept payment arrangements, they%26#039;re going to want it paid off within a few months.

If you don%26#039;t clear this up, it will haunt you on down the road. Collection companies are getting more aggressive about going to court and suing for smaller amounts.

I did something very silly.....?

loan

this is why i DON%26#039;T have cc%26#039;s.

it put all of us in debt and not good for you, and you will go on a black list if you don%26#039;t pay them at all and can have your name removed from that list after you have paid them all off and then work out a plan to clean your cc up.

good luck and be careful with Theo%26#039;s cards|||Hi,

I would suggest you get your credit report and see what it states for your credit cards, etc. It%26#039;s always a good idea to check it at least once a year. You can get a free report at https://www.annualcreditreport.com/cra/i...

Good luck.

Kerstin

www.HealthThanWealth.com|||You have ninty days from due date before your credit card company will send your bill to a collection agency. At which point a bad mark will go on your credit report, if they havn%26#039;t done so already, It dosn%26#039;t go by place of residence, its your name and ssn that will suffer. I would suggest a money manegment class.|||You are entitled to a credit report free once a year from all three agencies, Experian, transunion and equifax, call 1877 322 8228 and follow instructions, when you get the reports see what you owe, you might be able to offfer half of it and they mat accept it, a lawyer can help you. I%26#039;m no lawyer|||I%26#039;m not sure what you mean by blacklist or anything, but here%26#039;s what to do:

Go to www.annualcreditreport.com and get one copy of your credit report (you get one from each bureau every year).

Listed on your credit report should be your outstanding accounts. It might take a few phone calls, but you should be able to track down where your debts are. For the purpose of this explanation, let%26#039;s assume you have one outstanding credit card debt with a collection agency.

Contact the collection agency and give them your current home address and phone number. Don%26#039;t give them your employment information. Simply tell them it%26#039;s not relevant information. Ask them for the current outstanding balance. Whatever that is, expect to pay 40-60% (have a calculator handy. They will demand balance in full. Tell them that offer is not acceptable, but you will offer a settlement of 40% (only give them the amount, not the percentage). They will almost certainly turn this down, but haggle back and forth until you get them down to at least 60%. Expect to have to pay this by the end of the month that you call (ie. Call on October 5, pay by Oct 31). It%26#039;s okay to give them your account information to draft the payment out of, but if you can%26#039;t or won%26#039;t do this, then offer to send the payment via moneygram or western union. Make sure that you have a fax number handy when you call them. Request a settlement offer in writing to be faxed to you immediately (BEFORE you place the payment on file). Once you have the offer, make the payment, and immediately request a %26quot;settled in full%26quot; letter. It might take some time, but if you haven%26#039;t received it within 30 days, call them every day to follow up on it and take the names of the people who you speak to. Keep the copy of the offer and a copy of the payment (or if you give them your info, a copy of your statement/cancelled check) and the copy of the settled in full letter for at least 7 years. If they do not send a settled in full letter within 60 days, file a complaint with the Better Business Bureau requesting the letter, and keep all documentation.

Four months after the payment, go back to annualcreditreport.com and get a second copy of your credit report. If it has not been updated to reflect your settlement, contact the collection agency, and the original creditor if necessary. Four months later, order your third free copy to follow up again.