Creditors Interchange
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Posted by Power Johnson (208.247.100.130) on January 18, 2004 at 10:56:17:
Hey everybody. Thanks for the great advice on this site. I owed BOA $11.5k. BOA added fees, late penalties, etc, and the number ballooned to $13.5k. I couldn't pay the 11.5, how could I pay the 13.5? Anyway, it went to Creditors Interchange. CI did not have my correct address, so they called my parents and told them that I had applied for credit with them and that I had listed my parents as a reference. All they had to do was give them a current address and phone number to process my request. my parents did not give them any info. I'm not skipping out on this debt, as I just paid off almost $40k of other debt. This is my last debt in the world. How much should I offer CI to get them to consider this account closed? I have, at most, $6k to give them. Even that number will leave with no food on the table. They have had this account for about a month, and already have told me that they are going to sue me and garnish all but $125 of my paychecks per month. They also told me that the debt is now considered secured. Help!
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