I’m glad I stumbled onto this site before I sent any money out. I’ve read through a number of threads and wanted to hear from the experienced before I do anything else. I had a credit card issued by Providian. The last time I could make a payment on it was December 2004. They were nice enough to keep adding fees and penalties until they turned a $9,000 balance into a $12,000 one. In November 2005, Providian sold my account to PRA. I’ve received the DV from PRA that shows I haven’t made any payments to them and now the balance is $16,000. I live in Alabama and haven’t moved out of state during the past 10 years. I haven’t sent any payments to Providian since December 2004 and I’ve never sent any money or promises to pay to PRA. The SOL for this type of debt in Alabama is 3 years and I would definitely show up in court if they tried that route. I was thinking about offering PRA $5,000 as a PFD. If they accepted, would it remain on my credit report for 7 years from now or would it drop off at DOFD? Would it be better to just leave it alone and hold onto my money? What are the risks/benefits of paying versus not paying? I’d like to hear about both in case I decide to buy a house before that account drops off next year.
Hi all,
 From 2007-2008, I had to leave school to deploy to Iraq. During this time, I missed payments on two student loans I had through CFNC. Actually, to be fair, I thought I had suspended billing during the deployment. Now I have graduated, and today found out that I have two 90+ late payments on my EQ report from March 2008. Obviously, I want to get these reports removed.
 I am at a loss for how to word the GW letter. Also, during the past two years at school, I have not been making payments on any of my loans. They have been in continuous deferrment which ends May 2011. Later this year I expect to pay off a sizeable portion of the student loans with my re-enlistment bonus. Would I have a better chance of success if I paid off most of the loans first, and then tried to get the negative statements removed?
 From what I have read on this forum, success with CFNC has been hit or miss. Any past experience or suggestions would be appreciated.
Related Blogs
- Related Blogs on CFNC and Deployment
OC is Chase that is reporting a closed account with a 1100 balance, currently at 150 late. During the past 150 days, they will not allow me to talk to their CSR on the phone, let alone make a payment to them. They say I have to talk to the “department now handling my account” – IC Systems. But – it’s not a chargeoff, and the balance is NOT at $0.
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CA (IC Systems) is not showing on any of the CRA – I use Transunion to pull my reports about once a week (OCD I know.) I have blocked their number as “spam” Â on my cell phone so they don’t bother me…the “block” expired a few days ago and I started getting a call every hour starting at 7am, they are relentless.
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I don’t have the money to PIF…I can afford maybe 200 at MOST if I pay at once. And I’m in WA – 6 years is the SOL.
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What’s the best way to handle this situation? I tried emailing and calling Chase, they refuse to talk to me. I don’t want this to show up as a “surprise” in 5 months…trying to handle other bads on my reports so I have a clear report and don’t want this issue to drag me down at the end.Â
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I received some good customer service out of the blue the other evening, and after recovering from the shock, I figured I’d share.
(Die-hard Chase haters, you might want to skip this next part.)
As I’ve posted before, I had a Chase Borders Visa that was phased out and replaced with a Chase Freedom. This was last August, as in 5 months ago. I immediately tried to sign up for the 3 rotating rewards categories, but every time I tried, I got a message that I needed to put in some special code. CS told me that marketing would e-mail me the code, doubtless any day.
I kept calling once or twice a month, increasingly irate that my Freedom card was a complete dud, having only the so-called Ultimate Rewards program on it. At various times, I had CSR’s scold me for being pushy, tell me that my account must be in sorry shape or I would have been given the code already, claim that they would send an e-mail, give me phone numbers that were disconnected, or flat-out tell me that there was no such thing as the rotating rewards, that it was all Ultimate Rewards.
Two evenings ago, I finally got lucky, reaching a front-line rep who passed me up to a supe almost immediately. The supe went in, checked my account, and came back to say that he had no idea why I hadn’t been given the rewards, and that he saw no e-mails from CS regarding this, and that he was e-mailing marketing immediately to ask that they look into this. This cheered me up pretty well, and then out of the blue, he added that he was crediting my account $15 in apology for any rewards I might have missed out on during the past 5 months. Now that was going the extra mile.
Anyone else been surprised recently by good service?