Re-aging Gets You Back on Track

I lost my job in 0ct of 07 and have not been able to find work and majority of my credit cards have been without pymts since oct 0 except 2 which are very easy to pay like 10 bucks on both. My wife is working which we are VERY limited with the income we have.

Okay let me get to the Meat of my question it will take like from the time i start doing it like 1600 to 1700 bucks to get current on all my credit cards!!! which the high ones like 5 with a TOTAL OF LIKE 9000 GRAND PLUS I HAVE 2 OTHER ONES THAT LIKE 300 BEHIND. THE ONLY WAY I can DO SOMETHING which i am IS WHEN I LEAVE FROM I AM Living now state wise that is.  BECAUSE I WILL HAVE A JOB AND I CAN START MAKING PYMTS after i become current.

I know i am not going to become current where i live now so will they close these by may 08  if i have the $$$ to make it current??? and continue making my pymts as if i did not lose a beat even i know i did.i do not want ruin my credit hell it is already huh will they waivethe late fees???

Franz 

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Hello Franz,

Charge-off for credit cards is typically at 180-day delinquency.  Keep in touch with the credit card companies and let them know where you are so they can notate their computer file and when you are back to work they can re-age them for you.

Thanks for the questions and hope this helps.

Paul