Complaint Review: Discover - Salt Lake City, Utah Nationwide

I am not suggesting that you should not try to pay your debts. I am suggesting that you show lack of understanding on how the financial sector works. To lose your house over credit card bills is ridiculous. If I had to choose between credit cards or house payment, guess which one gets paid? Bankruptcy is there for people who get in over their heads and cannot get themselves out of debt. Even a restructuring bankruptcy would help. It would allow you get get some breathing space from the creditors, and work out a reasonable payment plan with a judge. I understand you had a stroke of bad luck, that apparantly had been ongoing for 8 years now, but that does not change your agreements. All of the rate hikes, etc, are in the cardholder's agreement. It outlines specifically what will happen to you if you don't make payments. You should really go get financial aid, sit down with a conselor, andhave them go over every inch of your finances. You need to get a better budget, and start finding out ways to get the credit cards off your back. You've already missed most of your chances by letting it go to court, bankruptcy may be your only option left. I'm not trying to belittle you, I"m honestly trying to offer you some useful advice. Unfortunately these are painful truths to hear.

That loosing your house over a credit card bill means you probably were not getting very sound financial advise. When you were sued you of course went to court and defended yourself right? You of course brought up the same objections to the judge right? Since you are now subject to wage garnishment either a)The judge didn't believe your side or b)you just didn't bother to show up. You only hope is if there is a c)You didn't know you were being sued. Then you may have grounds if you can prove you were not properly served to have the judgment vacated. "Evidently, paying 29% interest on interest is ok with you.." - No I think that is outragous. But the fact is that when you use the credit card you agreed to that rate. If you didn't like it you shouldn't have used the card, finding other ways to pay your bills. "PS: Have you graduated from jr. high school yet? Maybe you should read it again, like maybe the part where I set up auto payments to pay my debt...." - Yea I did read it again, I also read the part where you admit you didn't open the bills. Wouldn't it have been smart for someone who at least graduated "jr. high" to make sure that the account was getting credited correctly? I also read the part "Discover eventually stopped the auto payments and charged off my card. That was not my decision - it was theirs." - Okay when they stopped the Auto payments what did you do? If you didn't make the payments as required they will charge off the account. But that is not by choice that is by LAW, where they must charge-off a debt as uncollectable after no more than 6 months of delinquency. But hey, you are the type of person who will believe what they want to believe. And when given advise or another point of view think that everyone else is wrong. But as you say to each their own.

I really appreciate all the good advice Missy, and I have to agree. However, Discover Card changed my due date during the auto payment arrangement (Ashley) that I set up and resulted in late payments. The biggest issue is that credit card companies raise interest rates on individuals who are obviously in trouble. Or they offer huge payoffs ($1500 is huge to me). Does nobody see the ridiculousness of that? If I had $1500 to pay off my card, why would I be delinquent on my payments. I agree that planning for the future is the thing to do - well not everybody has money left over to do that. I was making payments to Discover, sometimes very large ones which I mentioned covered a few months of interest and late payments. Once you get so far behind - it becomes the proverbial s****.. Ashley - don't assume that people who cannot pay off their debts, don't want to. It reminds me of all the advice I received on raising children from childless couples. The ludicrous interest hikes came midstream, (after I signed the contract). Until my husband lost his job, there wasn't a problem. I don't quite understand how you imply that I don't want to pay my debts, then suggest I file bankruptcy within the same thought.

I really appreciate all the good advice Missy, and I have to agree. However, Discover Card changed my due date during the auto payment arrangement (Ashley) that I set up and resulted in late payments. The biggest issue is that credit card companies raise interest rates on individuals who are obviously in trouble. Or they offer huge payoffs ($1500 is huge to me). Does nobody see the ridiculousness of that? If I had $1500 to pay off my card, why would I be delinquent on my payments. I agree that planning for the future is the thing to do - well not everybody has money left over to do that. I was making payments to Discover, sometimes very large ones which I mentioned covered a few months of interest and late payments. Once you get so far behind - it becomes the proverbial s****.. Ashley - don't assume that people who cannot pay off their debts, don't want to. It reminds me of all the advice I received on raising children from childless couples. The ludicrous interest hikes came midstream, (after I signed the contract). Until my husband lost his job, there wasn't a problem. I don't quite understand how you imply that I don't want to pay my debts, then suggest I file bankruptcy within the same thought.

I really appreciate all the good advice Missy, and I have to agree. However, Discover Card changed my due date during the auto payment arrangement (Ashley) that I set up and resulted in late payments. The biggest issue is that credit card companies raise interest rates on individuals who are obviously in trouble. Or they offer huge payoffs ($1500 is huge to me). Does nobody see the ridiculousness of that? If I had $1500 to pay off my card, why would I be delinquent on my payments. I agree that planning for the future is the thing to do - well not everybody has money left over to do that. I was making payments to Discover, sometimes very large ones which I mentioned covered a few months of interest and late payments. Once you get so far behind - it becomes the proverbial s****.. Ashley - don't assume that people who cannot pay off their debts, don't want to. It reminds me of all the advice I received on raising children from childless couples. The ludicrous interest hikes came midstream, (after I signed the contract). Until my husband lost his job, there wasn't a problem. I don't quite understand how you imply that I don't want to pay my debts, then suggest I file bankruptcy within the same thought.

I really appreciate all the good advice Missy, and I have to agree. However, Discover Card changed my due date during the auto payment arrangement (Ashley) that I set up and resulted in late payments. The biggest issue is that credit card companies raise interest rates on individuals who are obviously in trouble. Or they offer huge payoffs ($1500 is huge to me). Does nobody see the ridiculousness of that? If I had $1500 to pay off my card, why would I be delinquent on my payments. I agree that planning for the future is the thing to do - well not everybody has money left over to do that. I was making payments to Discover, sometimes very large ones which I mentioned covered a few months of interest and late payments. Once you get so far behind - it becomes the proverbial s****.. Ashley - don't assume that people who cannot pay off their debts, don't want to. It reminds me of all the advice I received on raising children from childless couples. The ludicrous interest hikes came midstream, (after I signed the contract). Until my husband lost his job, there wasn't a problem. I don't quite understand how you imply that I don't want to pay my debts, then suggest I file bankruptcy within the same thought.

If you are that bad off due to credit card debt, you should have declared bankruptcy. To lose your house over a credit card? You shoudl have gone to a financial advisor. You sound as if it would STILL be in your best interest to declare bankruptcy. They aren't ripping you off, but only enforcing a legal contract you signed. They loaned you money, and you dont want to pay it back.

While I understand that everyone is quick to blame the banks for the current economic situation, we all need to take a little inventory here. First of all, no one is suggesting to get a "crystal ball" to predict the future. We are suggesting PLANNING for the future. It is common knowledge to most people to have at least 6 months of income saved up for an unfortunate incident, such as a job loss. Second of all, a credit card can be a wonderful financial tool if used correctly. Unfortunately, the latter of that statement is often ignored. It is up to us as consumers to hold ourselves accountable for our debt, and our spending habits, whether it is willy-nilly shopping or day to day living. Lastly, the "bail-out money" is to be paid back to the American people, with interest. It is NOT a free loan, no matter how the media spins it. I am a tax payer, my concern is more with AIG who took tax payer money and went on vacation with it to a resort in California. I refuse to do business with anything having ties to AIG for there gross allocation of hard-working American taxpayers money. AIG is one I suspect will never repay that money. I work for a bank, I know what is going on in the financial industry, I know who is trustworthy with the hand out, and who is not. Furthermore, the 29% interest rate is the default rate. It happens when you don't make payments for awhile. If I were the lending institution and you had a history of weak, slow, or delinquent payments with me, I would just demand that you pay all the money you owe me up front. No more luxuries of monthly payments. You broke the trust, now its time to pay up. So really 29% isn't so bad.

Hi Dee, I really appreciate your intelligent input. Are you a bored stay at home wife maybe? (of someone at WW&R maybe?) Or just a financial genius with an extra minute. How long did it take you to think of that snappy very little answer? My crystal ball broke, but whether I could foresee the future job drought or not, I have 5 children to take care of and I don't consider that "racking up" excessive unnecessary debt. (Please don't show true ignorance by addressing my children.)The only one "racking up" excessive (UNVALIDATED) debt is Weltman, Weinberg & Reis. Evidently, paying 29% interest on interest is ok with you. To each his own, but you should get some anger management counseling. After all, what's it to you? PS: Have you graduated from jr. high school yet? Maybe you should read it again, like maybe the part where I set up auto payments to pay my debt....

has nothing to do with your inability to pay back the debt that you racked up. Whether they get money or not, you still need to pay your bills. You should not have used the credit card as a survival tool when you knew you would not be able to make the payments. The only one being ripped off here is the credit card company (which is why they needed bailout money in the first place--- people not paying their bills DUH)