i have unsecured line of credit at 8100 past due 95 days. I have 2 other cc's with them at about 60 days, but focus on the one 95 first. I have been in contact with them every week or two to give them the same sob story how no assets, unemployed, rent went up etc. I was paying but than stopped due to hardships. They said chargeoff at around 6 months and can call to start setttlement at around 90 plus days. Well fast forward after hearing that over and over, now they are saying i won't qualify for settlement until 1 yr after last purchase which was in feb of 2012..WHAT IS THAT? is this just a trick, and if so not sure what this accomplishes on their end when i told them i could borrow some money after i move in oct and possibly arrange something. Has anyone had this happen, is this just a mindgame and why are they all the sudden changing everything when i can finally start negotiation? Do i have to wait to start this whole thing now until feb, i hardly think they will just sit back until than and do nothing. I really wanted to try to put this behind me, i was going to start it off at 90 and before chargeoff work towards a 10-20 percent settlement. Now i am panicking about this yr thing, they said i won't qualify until 1 yr (feb 2013) to even qualify for a settlement. Any thoughts or advice? I find it hard to believe if they know i cant make monthly payments they will wait that long, or why they would.