Heres the deal..... Yes we owe the debt. However, When the credit card company proceeded to raise our rate from 3.9% to 32.9% when we were not more than 14 days past the due date and then close the account on us after we gave them hell, I gave them a choice....
1) you can lower our rate back down and show the account on our reports as open and active
OR
Simply, were done making payments....
Our payment went from $450.00/month to $1,050/month.
There was no way to keep making the pmts...
Now it is charged off and shows a zero balance on the reports.
Flypilot
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