I have a credit card that is over 3 years past due. I get calls on occasion from the bank demanding payment, but I honestly don’t have the money. They say they’ll take payments, even as low as $5/month. This makes me suspicious. Obviously, this will never have any serious effect on the debt owed.
However, I notice that each time they call, the amount due never changes - they don’t seem to be charging me interest. If I start making payments, will that start the clock on interest due? This will drive up the amount due quicker than my meager payments will pay it down.
I’m also worried about giving them my current address and banking information. Is this concern realistic? Do I run the risk of being sued or having them take more money out of my account?
Thanks for your help and I apologize if this is the wrong place to post this.
Submitted April 01, 2019 at 09:37AM by maxlactica https://ift.tt/2Va4qWx
