Yes I'm sure they would. They are out for all the money they can get. But my reason for saying to work with them is you already have that account listed as negative on your report. And with not having a job and putting the money on the card if something happens and you can't pay that then you have two negatives accounts. But if you want to pay it off with the card call them up and ask them what would be the least they would take as pay off. They should agree to a lot less than what you owe. If they do ask them if they are willing to delete the negative listing from your report. If they agree send them a pay for delete letter certified with receipt so you have proof they got it. And when you pay them what they will settle for then they will remove the negative listing. This may end up being your best bet. Also read your contract with the credit card and make sure they are not going to up your interest rate. They are famous for that.
Hello and welcome to credit magic. I am unsure of what your question is. You subject seemed to be cut off . Are you asking why the bank would charge you interest on a car that is sold at auction? It could be that they did not get the full value of the money you owe them for the vehicle. If this is the case you are responsible for the amount they do not get for the car. If you could explain a little more I will be much more able to help you.
Hi shellzangels,
Yes I'm sure they would. They are out for all the money they can get. But my reason for saying to work with them is you already have that account listed as negative on your report. And with not having a job and putting the money on the card if something happens and you can't pay that then you have two negatives accounts. But if you want to pay it off with the card call them up and ask them what would be the least they would take as pay off. They should agree to a lot less than what you owe. If they do ask them if they are willing to delete the negative listing from your report. If they agree send them a pay for delete letter certified with receipt so you have proof they got it. And when you pay them what they will settle for then they will remove the negative listing. This may end up being your best bet. Also read your contract with the credit card and make sure they are not going to up your interest rate. They are famous for that.
shellzangels4,
Hello and welcome to credit magic. I am unsure of what your question is. You subject seemed to be cut off . Are you asking why the bank would charge you interest on a car that is sold at auction? It could be that they did not get the full value of the money you owe them for the vehicle. If this is the case you are responsible for the amount they do not get for the car. If you could explain a little more I will be much more able to help you.