workingonit2

Hi all, So forgive me; it's been awhile since I've had credit problems, but last year was a rough one... SO I had two cards with capital one that both charged off about 6 months ago...... I just got a letter dated 1/18 that says "My account was acquired by Sherman Originators III, LLC on 1/17." And that they own my account and may contact me yata yata.... a) trying to not panic that I will receive a summons 😱😱 b ) I am totally wanting to pay these off. One is for 733.00 and the other for about 1200.00 My finances are kind of tight as I've been paying quite a few things off, but my income is steady and I could slowly but surely pay both. If this is my plan, do I need to freak out that they won't work with me? Unfamiliar with this company; have no idea what to expect. Any help or insight would help. I will try not to react unrealistically in the meantime! Thanks!

Thank you so much. Yea... I've calmed down. A lot lol. Not panicking anymore. I've had charge offs years and years ago, like college and I just remember the sigh of relief when they finally fell off... I worked hard to clean up my credit, so I think I'm, more than anything just frustrated that this was such a tough year financially that this even happened. I still have a steady source of income so I know I'm not in as troubled waters as some... And so far, these are my only blemishes. They're just BIG ones..... Capital One was really good to me, I'm sad I wasn't able to hang in there. Anyhow..... I haven't decided if I'm going to reach out or just let it be. I'm just trying to work on being more money savvy, less spendy and figure out how to put money away. I thank you very much for your replies. You have talked me down from the ledge....

Oh wow thank you! Panicking a bit more now lol but I'm glad I know that! I called them as soon as I read what you wrote but their offices are closed of course today. Will call first thing Moday. Ugh I hope it's not too late. It's been a couple months... :/

Hi everyone, I'm totally new to the forum so hi and hello. Bottomline, I am in complete PANIC mode. In the last few months, I have 4, yes FOUR account charge offs. I had two accounts with Capital One, and two accounts with First premier Bank and they have all, now, charged off. This year was a tough year for me financially; i made a lot of mistakes and did some overspending last year and it seems this was the year everything came around to bite me in the butt. Obviously hind sight is 20/20 and I see now all my mistakes---shouldn't have got the cards to begin with, should have paid more than the minimum, should have done automatic payments yata yata..... but here we are. I have had HUGE bills these last few months which truly left no extra money at all. Im in my 30s and I support myself completely. My own place, my own car my own BILLS :(. So as I'm feeling like this is the end of the world; Does anyone have any success, advice, or encouragement?? These are the only (and I don't say Only lightly...) negative items on my report. The other accounts I have (car, an online store card, student loans) are all current and paid on time. These 4 cards are the 4 things I could just not stay on top of. My Capital One balances are 1270 and 700, my first premier are something like 800 and 700, I believe. Ive been disputing, hasn't been working of course. I just feel so discouraged.