Paying off CC

[llloyd4]

What is the name of your state (only U.S. law)? California

Hi! I am planning on using my income tax return to pay off my Aspire credit card and close the account. What is the best way to do this? I also want to be put on their Do Not Contact list permanently. If they hadn't bought out Providian I would never have had an account with them. Their debt collection tactics borders on harassment. So once this is paid I don't ever want to hear from them again, is there a way it can be done? Thank you for your time.

 

[davew128]

What is the name of your state (only U.S. law)? California

Hi! I am planning on using my income tax return to pay off my Aspire credit card and close the account. What is the best way to do this?

I find writing a check usually works.

 

[llloyd4]

Well, no, I mean should I write a letter stating this is the final payment and I don't want them to contact me ever again and get it notarized or, what. I don't want any issues to pop up later, these guys are like grizzlies when it comes to debt collection. So I want to avoid any future issues. I'm going to send them a cashier's check so I have the amount out of my account right away and not that waiting game for the check to clear.

 

[Zigner]

Well, no, I mean should I write a letter stating this is the final payment and I don't want them to contact me ever again and get it notarized or, what. I don't want any issues to pop up later, these guys are like grizzlies when it comes to debt collection. So I want to avoid any future issues. I'm going to send them a cashier's check so I have the amount out of my account right away and not that waiting game for the check to clear.

Strange, I have several credit cards and haven't had ANY problems with collectors calling me. I wonder why my experiences are different than yours...


Let's see...
I have a credit card - you have a credit card <check>
I charge items on my credit card - you charge items on your credit card <check>
I receive a bill each month - you receive a bill each month <check>
I pay (at least) the minimum due each month - ... oh wait, I bet I know the problem...

 

[llloyd4]

We're getting off subject here. So I guess I don't need a notarized letter stating that I want to be put on the No Contact list? Or should I get one? I don't even want credit card offers from them after this is paid off and closed.

 

[Isis1]

We're getting off subject here. So I guess I don't need a notarized letter stating that I want to be put on the No Contact list? Or should I get one? I don't even want credit card offers from them after this is paid off and closed.

To be honest, I seriously believe it's a waste of time of money.

 

[OHRoadwarrior]

I helped my mother out with a cc she got into trouble with. I made them fax me a letter agreeing to a settlement in full, to be paid off that same day at a money wiring place. I don't know if something like that would work in your situation. They only became motivated to cooperate, when they discovered all her assets are under my control and they could not touch them.

 

[cosine]

Strange, I have several credit cards and haven't had ANY problems with collectors calling me. I wonder why my experiences are different than yours...


Let's see...
I have a credit card - you have a credit card <check>
I charge items on my credit card - you charge items on your credit card <check>
I receive a bill each month - you receive a bill each month <check>
I pay (at least) the minimum due each month - ... oh wait, I bet I know the problem...

Statistically speaking, most likely it is due to the CC holder paying late or not paying. However, there is another side of "most likely".

Have you ever had collections call for a card which you have always paid on time? I have. And it was because they screw up things. BTW, companies vary in just how much they screw up. Some do it a lot. Some do it not so much. Then the next measure is how readily they fix their errors when you bring it to their attention.

I have found a significant correlation between larger financial businesses and both "screwing up more" and "not fixing it when brought to their attention".

I wonder if Zigner would pay the extra minimum payment required because of a fraudulent charge of $3500 on his CC card that the bank is dragging its feet on investigating and removing. If not (and he shouldn't have to while it's in dispute), what will he do when the bank then claims he is now past due and adds more fees. Then what will he do when the bank closes his card because he wouldn't front them an interest-free loan by paying fees he really doesn't owe.

I bet if this happened to Zigner, he'd know what to do about it. But does the average person? No. They get into more trouble as a result.