Hi, I'm making a last ditch ask for help with a credit card issue. I have two cards that I haven't been able to make payments on. I used them during covid because I refused the fraud shots and couldn't work. I was paying on them for a few years and the interest was over $450. I have work but I don't have enough. So now one card is planning to charge off on May 30 and the other is pending assignment of an attorney. I don't know how to respond or if I should now or wait for their move.
In fairness, I want to pay for what I purchased (I guess). However, I don't want to pay the fees and interest if, as I understand it, I was misled by the conception that I was borrowing from the "Company" when in fact debt was issued to the Company in my name. When I learned that we are credit-exploited I was outraged and the injustice gave me confidence that I could build a case. But now I can see that I need to learn procedural law though there's not enough time to help me in this situation. I do believe that there is a remedy but I don't have the skill to navigate this.
The card that will be "charging off" is asking for a payment of almost $5k, which I can't do. If I make a partial payment, am I affirming the contract? Do I want to do that? I don't know this playbook so if anyone has experience or tips, I would be grateful for any input. When it charges off, what I've found (and there isn't much info out there) is that the bad debt is sold to a collection company who will hound my for-ever. I've also heard that they will offer to negotiate a lower settlement but I have not seen that yet.
The other card I could reasonably pay but not until I have more income and/or without defaulting on my mortgage. This one is pending assignment to an attorney. So, I have to go to their court? Sounds like a racket possibly, even if I travel to who knows where...so many questions. Can I respond or counter-sue from an equivalent court nearby? Is there a way to stall this? I don't have the user agreement/contract. Back in the day, wasn't it a requirement that these be provided to each party?
I have to protect my assets now. I paid off my car a few months ago. I literally do not have anyone to put it in trust with but I need my car and I worked hard for it. I plan to list/sell my house, pay things off (student loan/which was mismanaged, bought/sold and principle escalated) and sever all ties with banks. For-Ever. I just want to stay ahead of these weffers...obviously, I cannot pay for help but I could potentially barter (I'm an herbalist...I make maps...?) if anyone has the expertise, wants to help and has time? Also, all nuggets are welcome...thoughts, tips, your experiences and outcomes. I would like to document this for others too in case it can help someone else.
God bless the folks who stand. Thanks...<3
MJ
https://joehuston57.wordpress.com/