Hi team,
We had a loan with Commonwealth bank and we missed 2 payments as we moved and didn't get the mail till after the date due to the redirection process. They didn't email or call us but then we were contacted on 7th Sep 2011 from Credit Corp saying they brought the debt. We tried to explain to our branch but they said it was too late as no contact was made.
The debt was sold to Credit Corp 7th Sep 2011 with an interest rate of 16.95%. The debt was $26.411.48 when they got it. It is now $26.826.42 as of 30/08/18
I was diagnosed in Aug 2011 after being sick for a year in 2010 they ran some tests and realised I had multiple sclerosis. We explained to CC that we were on the one wage now and I didn't get disability pension due to my partner earning too much each f/n for Pension for myself. I needed to buy so many things as I had a horrendous attack. They would even call when I was in the hospital, wanting to change payments arrangements or offering huge deductions if we could pay a certain amount now.
We made a payment plan, when they got the debt it was at 16.95%, they dropped it to 8.5% and then eventually to 0%. I have asked for these dates to be sent when each interest rates were changed, I also asked for a statement of all the payments we have made and the dates.
They keep asking can we pay a large amount to close the account & I feel it's pretty pushy tactics when we have explained our situation.
Is there a way to get some sort of relief fund application to bypass these people or apply to lower repayments or have some of it wiped off, I don't want to really be paying all the extra hoohars?
What amount would we put forward to them on the debt owed to close and settle the account? Do we go with the initial debt or the debt with Credit Corp's extra $400 odd bucks on top? What percentage should we offer like 40%-60% on total amount?
I also would like to know what to offer as a % rate on a credit card debt of $777 owing, I'd like to close and settle it.
I really appreciate your time.
Thanks, heaps
We had a loan with Commonwealth bank and we missed 2 payments as we moved and didn't get the mail till after the date due to the redirection process. They didn't email or call us but then we were contacted on 7th Sep 2011 from Credit Corp saying they brought the debt. We tried to explain to our branch but they said it was too late as no contact was made.
The debt was sold to Credit Corp 7th Sep 2011 with an interest rate of 16.95%. The debt was $26.411.48 when they got it. It is now $26.826.42 as of 30/08/18
I was diagnosed in Aug 2011 after being sick for a year in 2010 they ran some tests and realised I had multiple sclerosis. We explained to CC that we were on the one wage now and I didn't get disability pension due to my partner earning too much each f/n for Pension for myself. I needed to buy so many things as I had a horrendous attack. They would even call when I was in the hospital, wanting to change payments arrangements or offering huge deductions if we could pay a certain amount now.
We made a payment plan, when they got the debt it was at 16.95%, they dropped it to 8.5% and then eventually to 0%. I have asked for these dates to be sent when each interest rates were changed, I also asked for a statement of all the payments we have made and the dates.
They keep asking can we pay a large amount to close the account & I feel it's pretty pushy tactics when we have explained our situation.
Is there a way to get some sort of relief fund application to bypass these people or apply to lower repayments or have some of it wiped off, I don't want to really be paying all the extra hoohars?
What amount would we put forward to them on the debt owed to close and settle the account? Do we go with the initial debt or the debt with Credit Corp's extra $400 odd bucks on top? What percentage should we offer like 40%-60% on total amount?
I also would like to know what to offer as a % rate on a credit card debt of $777 owing, I'd like to close and settle it.
I really appreciate your time.
Thanks, heaps