I do not know if you have stopped paying on the cards or not

Ok… I do not know if you have stopped paying on the cards or not.

But that may not be a bad idea. A neighbor told me to do that years ago, but I didn’t, for fear of what the creditors would do to us. I stuggled with monthly minimums till I could no longer meet the minimum payments. We haven’t used a card in over 2 years. It’s been hard, YES, but you learn to do without. We had to use the cards just to survive. But if I had of known that there’s nothing the creditors can do to you, I would of stopped paying them and put that money into savings. Now we are hurting for groceries, as we have nothing to fall back on. There are several books out there on debt.

I have bought quite a few online from used bookstores. I would not file bankruptcy unless it was a last resort. In any event, whether it be bankruptcy, or a debt settlement program, they are gonna ask you for a down payment. Expect to pay $1,000 minimum. Even CCCS asks for a downpayment…. NONE of which goes towards the actual debt. To me CCCS is a ripoff. They lower the interest rate, and some companies will NOT accept CCCS. With a debt settlement program, they pay off your cards ONE at a time…. much like the way you got the cards…

ONE at a time. TRUE the interest continues to accumulate, along with late fees and over the limit fees, but in most cases the company…. well at least mine anyway, settles for less than what you owed the credit card company in the first place. Most of these places mine included gets 25% of whatever they saved you. Mine has a deal where at the end ofthe program when all your cards are paid off they will enroll you in their credit repair clinic, so that there is nothing negative in your credit report.

I am gonna try to help you here

Ok I am gonna try to help you here. I am with a debt settlement company now…. but IF I had known back then what I know now, I would do things a bit differently. Laws vary from state to state. Some states the SOL (Statute of Limitations) is as long as FIFTEEN YEARS! I think that was RI or something.

Some states have as few as 2 or 3 years I think. I have a few CITI BANK cards and so far they haven’t sued me. I would need to ask you a few questions first. How far behind are you in your payments? My debt settlement company won’t begin negotiations till the debt is 6 months in arrears. This is usually the time that the debt is “CHARGED OFF”. By this time it has gone to collections and has most likely been sold to a collections agency. I did get a letter once from a creditor once saying that they were gonna start looking at public records to see if I owned any property. I called my debt settlement company and they told me not to worry that it was a “scare tactic”.

There’s nothing they can do to me, and that lawsuits are “usually the exception and not the RULE”. Since your car is paid for, I don’t think they can touch it. NOW if you owed on it, they could take it, cause cars and houses are considered “secured” loans. Most credit cards are “UNSECURED”, so I guess you could take out a cash advance, buy a car, pay cash and own it outright. I will go into the “things I would do differently” had I known…….in my next post. If I can help just ONE person, all this typing and getting knocked offline will have been worth it.

I have been through this with Citibank twice

I have been through this with Citibank twice, and in the process I have heard from several attorneys and debt settlement program staff people that Citibank almost always takes the tough approach and goes for a judgement regardless of what program you may be in, no matter how good the program or your payment record with the program may be. This doesn’t mean they will or will not settle, but as I understand it this is Citibank’s standard policy that has been decided at some higher, bureaucratic corporate level, and not by the law firm representing them in a given case. I don’t know for sure if this is true everywhere, but this helped me be less stressed about it — i.e. they weren’t picking on me personally!

The suggestion of a legal clinic is a good one, I have also made use of the Legal Advice Line. Basically for $35-$50 you get to have a phone consultation (as long as needed) with an attorney in your state and this includes drafting court documents for you. Basically they help you “do it yourself” which is much better than doing it yourself alone. Pricing and services may vary depending on where you are located. In my experience you can often speak with an attorney the same day you call.

As I understand (and what was told to me) is that it is extremely important that an Answer be submitted to the Court by the deadline given in the lawsuit. (be sure to use certified / signature mail to send it to the Court and send a copy to the plaintiff.) This is a document responding to the lawsuit and as I understand it is much more important than you’re showing up in person for the hearing. This is where the Legal Advice Line or a similar service or a legal clinic can help you – what you say in the Answer can help keep the controversy upon which slows down the court process and gives you more time to come up with money to settle.

(Where I live the courts are very backed up so this bought me a year’s time). One point of controversy I can think of for you is to claim the proper venue is in your home county not the other state. Even if the original contract stipulates otherwise this forces Citibank to prove that, which means delays that help you be in a better negotiating position to settle.

I don’t know anything about the various debt settlement programs you are in and certainly if you are dissatisfied then it may be wise to change. However, I would encourage you to consider not changing programs too often, as this can make it hard for even the best people to help you with a process that does take time.

Please take my suggestions as ideas and not legal advice, and be sure to get some legal advice from someone in your area.

I wish you all the best.

You can ask for the continuance yourself

You can ask for the continuance yourself, but you need a good reason for a continuance. Missing work, unfortunately isn’t one in the legal arena. I would suggest you contact an attorney in your area and see what, if anything, they can do. You may not be able to afford NOT to have an attorney, at least for an initial conference.

Check your local Yellow Pages for a legal aid clinic, they may charge fees, they may not, depending on your income, but whatever they charge, they are usually considerably less than private law firms.

You don’t say what state you are in, but why didn’t Citibank start the action in your state, your county? A local attorney may be able to help there.

Question from a New Member

I just joined this blog about 1 month ago and so far have learned a lot but I need an opinion/advice from you. I have about $30,000 in CC debt. I joined a debt management program about 18 months ago and was doing ok until they “lost” my payment and were very unhelpful during the situation.

So I switched to a Debt Settlement Program which was a HUGE mistake because as soon as I switched, Citibank sued me for the amount owed. I am now trying to get into another DMP. My court date with Citibank is 11/9/16 and is out of state. If they don’t accept the proposal from the DMP, I need to get the trial delayed because I can’t afford to miss 2 days of work.

I am a contract employee so no work = no pay. I am waiting for a reply from the DMP Citibank’s response to the proposal. My questions: Should I contact the court or Citibank’s lawyer to ask for a continuance?

I am unable to afford an attorney so I guess I would do this myself. Should I contact another DMP and see if they have better luck dealing with Citibank? Are there any programs out there that have experience in dealing with consumers who are involved in litigation? Thanks in advance for any and all advice!

I just feel like a slave to my husbands child-support!

Hi. The slave part was a joke. I just feel like a slave to my husbands childsupport! Me and my husband have recently moved back to Ca to be closer to his kids. His ex is the typical stereotyped alienator and it has been very hard for him to keep contact with his girls living in another state. Also since the court base childsupport on visitaion we thought we could see the girls more and pay less childsupport.

I of course had to give up my job to move here so actually im just a unemployed somebody right now! I was working in the semiconductor field.. O did I mention my hubby pays 2000 a month in childsupport so his kids can get pedicures every month! And the tormentin his ex part is simple I torment her by just being alive and happy. She cant stand that he got remarried. Even though she also got remarried. I also have an ex hubby who pays me 200 a month in childsupport. And I fly the girls back to see him every two months. At my own expense because I feel guilty about taking them away from him so that my new hubby can hopefully bring his family back together.

I truly do not understand woman like my hubbys ex who can not be happy with there life unless there torturing someone else! BTW my hubby is a part of this club too his name is alan00038. Ok ive babbled enough about myself. Im sure you will be hearing from me everynow and then probably soon since my hubby is supposed to go back to court for contempt end of this month.

Bankruptcy Alternative: AKA Debt Settlement

Hi to all… I am somewhat a newbie here, but by no means a newbie to DEBT. My husband and myself had over $42,000 spread over 27 cards. We have been with a debt settlement company now for two years. So far so good. I have been hearing a lot about debt settlement companies going under lately and consumers losing out big time. To anyone considering this please check out the company by visiting the BBB site and seeing if they have any complaints pending against them. The rules vary from company to company. Some will only take cards that you owe $1,000 or more on while mine will accept balances as low as $500.

Most tho require you to be $10,000 in debt or greater before they will consider you and with no hope of ever catching up on the cards. I don’t know about others, but mine required me to write a letter stating why I was in so much debt, and what my monthly bills were…. and what I wanted my monthly payments set at, where as CCCS set the payments themselves.

What most people don’t know is that CCCS will show up on your credit record as a bankruptcy…. They aren’t gonna tell you this… naturally…. CCCS works FOR your creditors… the creditors pay them so much for handling your debt. I did read an article earlier this year where Cambridge went under. It was in Family Circle or Womans Day…. Back in Feburary I think. This is getting long so I will start another post…………..

Lottery

Well here’s a true story for you:

A husband’s wife was having an affair on him (which he knew about) and they were getting ready to get a divorce.

After moving out of the house, he won the Lotto but didn’t say anything about it so the court set child support and all that good stuff on his present salary.

About 2 years later, this guy’s in a bar having another drink with some friends, and he starts to tell them how at least his ex-wife, the b**** who had an affair on him, wasn’t able to get his lotto money because he didn’t cash it in until later. Everyone asked questions and somehow, her name was divulged.

Well, a woman was sitting at another table near them and overheard the whole story, so she tracked down this guy’s ex-wife and told her everything. (I’m sure she got a commission on that little gossip!) The ex-wife went to court and guess what? his lotto winnings were taken into consideration and his child support was increased, etc.

Moral of the Story: If you are blessed enough to win the lotto after your spouse leaves you for another man: do NOT, repeat, do NOT, go near a bar!!!! LOL

What a wonderful club…

Hi, I’m a secondmom (stepmom) in Atlanta and my husband has been through hell and back with his manipulative and controlling ex-wife. Our relationship with his oldest son was completely severed because of her instigation, but I’m sure you guys all know what that’s about. I just became a member of this club and think it’s an excellent idea.

My husband doesn’t even know how to turn on a computer, but I’m going to encourage him to take a look at this. Anyway, I hope it’s not considered inappropriate, but I wanted to invite you guys to a chat we’re having at my club “The Stepmoms’ Club” tonight at 9:00 p.m.

The subject is “Husbands Intimidated By Their Ex-Wives.” I think that you guys will have a lot to contribute to that chat to other husbands who find it difficult to stand up to their ex-wives, as well as hear the new wife’s point of view on how frustrating it is to deal with.

Thanks! I look forward to chatting with you here!