Woohoo, FIA wants payment in full....

[flyinbroke]

..as though I can do that. I couldn't make minimums, for Pete's sake. But they were too cheap to send it Fedex...I got it snail mail. I guess they like other people better....

They said if I don't, my account will fall behind (duh) and my credit may be adversely affected. I have read other boards where scores went up after charge offs...not sure if that happened to anyone here, but it will make it easier for me when they go to a CA. I never ever opened an account with BoA. They bought out other places...I doubt THEY have original paperwork.

[tigergem]

oooooh. That sounds lucky. Does your local small claims court handle FCRA violation cases? Mine doesn't.

[flyinbroke]

Not sure but I definitely will be looking into that. I mean the implied threat has already passed...my credit was in the crapper long before I stopped paying thanks to the CLD and ratejack and "closed just because" game that they (and a few others) played.

My cards were from Fleet Bank (loved them) and MBNA (not so much) which they bought out several years ago and put them out of business...what are the odds of them having any original paperwork? Go ahead...write it off and sell it.

[forgotten]

..as though I can do that. I couldn't make minimums, for Pete's sake. But they were too cheap to send it Fedex...I got it snail mail. I guess they like other people better....

They said if I don't, my account will fall behind (duh) and my credit may be adversely affected. I have read other boards where scores went up after charge offs...not sure if that happened to anyone here, but it will make it easier for me when they go to a CA. I never ever opened an account with BoA. They bought out other places...I doubt THEY have original paperwork.

I do wonder if that has ever worked.
"I can't pay the $300/mo, I just don't have it."
"Then you are in default and need to make payment in full. That will be $23,000. How would you like to pay?"
"<sigh> I'll get my checking account information."

I don't have $300, I only have $23,000.

[flyinbroke]

Yeah, like somehow I can crap 25K when I couldn't manage the 600 a month they demanded...

We all know it is a scare tactic. OH NOES! My CR may take a ding if I don't PIF. I think the more dings it takes, the less it drops. My estimated score on some online guestimator has me at 450-580 (quite a variance, actually) and it was only mid 600s when I was UTD on everything so it pretty much sucked before I went into strategic default mode. My CLDs left the illusion that I was constantly running the cards to max, when I hadn't used them in years. Interest rates jacked because "the economy is bad" left me with closed accounts when I opted out. And some just randomly closed accounts "because we need to reduce risk". (from a furniture card that can only be used in one store...like I will think "gee whiz, the economy sucks, let me fly cross country to buy a couch!")

Go ahead, charge it off and sell the debt. I suppose they can sue, but once again I have squat to take.

[forgotten]

They account for the majority of people having no idea what makes up your credit score. In the letters they act like you need to take care of it now to not ruin your credit. In reality, by the time you get a letter like that your credit is shot and paying it isn't going to help any.

As soon as you slip a little and everything isn't paid on time as agreed then you might as well just stop paying. You already have bad credit and now you are going to get reamed on the interest rates.

[flyinbroke]

They account for the majority of people having no idea what makes up your credit score. In the letters they act like you need to take care of it now to not ruin your credit. In reality, by the time you get a letter like that your credit is shot and paying it isn't going to help any.

As soon as you slip a little and everything isn't paid on time as agreed then you might as well just stop paying. You already have bad credit and now you are going to get reamed on the interest rates.

In my case, I did not even need to default to get crappy credit. I had about 30K of credit slashed or closed for no real reason. As soon as you are "maxed out" you are screwed. There is nothing in a CR to indicate that you were not the one to max yourself out.

I pretty much decided the first nonpayment was the point of no return. There would be no way to catch up anyways. Now they "want to help" and want me to call. I said I would not do financial business over the phone. i stand by that.