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Mr. Pink · 11-01-2004, 01:35 AM

NoSoup,
Wow, what a great thread!

Here's my situation and question:

I have had a bank account with one institution for some time, and about 6 months ago, shortly after my 18th birthday, I overdrew. Due to various demands on my time (school, and various extracuricular activities aimed at college scholarships), I was unemployed, and so it was some time before I was able to rectify the situation. When I once again I had some money I went to the bank and worked out a deal to pay off the balance to the collection agency they had recruited, and put some money back into the account.

When I went in, it was the Thursday or Friday before the 4th of July and sort of late in the afternoon. The guy I talked to said he would take care of what he could that day, but some things would have to be taken care of Monday, and while he would be out Monday, someone would handle it.

Fast forward a couple of months, I had assumed the debt was taken care of, and had since had a fairly fluid bank account that I was never sure of exactly where it was, due to the adding and subtracting of funds related to student loans, and the costs of moving into a college town. I was home one weekend when I recieved a phone call, asking me fairly politely something to the effect of "where's our money?" I did some investigation, and the debt was never taken care of... Which leads me to my current perdicament. I am riding a razor edge, balancing my phone payment, my rent payment, and some other expenses, (no car, thank God) and waiting on some funds to clear the University so I can be back in the clear. I don't have the funds to take care of the debt right now, but (hopefully) within the next 2 weeks I will. When I do have it, what should my course of action be? Should I, and how would I, apprach them about coming to some terms about a reduced payment, or some sort of payment plan? Any extra advice?

Thanks so much!

11-01-2004, 01:35 AM	#235 (permalink)
Mr. Pink Upright	NoSoup, Wow, what a great thread! Here's my situation and question: I have had a bank account with one institution for some time, and about 6 months ago, shortly after my 18th birthday, I overdrew. Due to various demands on my time (school, and various extracuricular activities aimed at college scholarships), I was unemployed, and so it was some time before I was able to rectify the situation. When I once again I had some money I went to the bank and worked out a deal to pay off the balance to the collection agency they had recruited, and put some money back into the account. When I went in, it was the Thursday or Friday before the 4th of July and sort of late in the afternoon. The guy I talked to said he would take care of what he could that day, but some things would have to be taken care of Monday, and while he would be out Monday, someone would handle it. Fast forward a couple of months, I had assumed the debt was taken care of, and had since had a fairly fluid bank account that I was never sure of exactly where it was, due to the adding and subtracting of funds related to student loans, and the costs of moving into a college town. I was home one weekend when I recieved a phone call, asking me fairly politely something to the effect of "where's our money?" I did some investigation, and the debt was never taken care of... Which leads me to my current perdicament. I am riding a razor edge, balancing my phone payment, my rent payment, and some other expenses, (no car, thank God) and waiting on some funds to clear the University so I can be back in the clear. I don't have the funds to take care of the debt right now, but (hopefully) within the next 2 weeks I will. When I do have it, what should my course of action be? Should I, and how would I, apprach them about coming to some terms about a reduced payment, or some sort of payment plan? Any extra advice? Thanks so much!