bwise Posted July 4, 2007 Report Share Posted July 4, 2007 Has anyone had any experience with these guys and negotiating? My boyfriend has a significant amount of outstanding CC debt with them (his car is with them too) and after mistakenly going with a credit repair company, he's in pretty big trouble. He was told by one repair company that b/c his debt was with a Federal Credit Union that they wouldn't even take him on as a customer, but then another company told him they would and he signed up. After defaulting on his payments for 3 months and getting a repo letter on his car, he called the credit union and they said they didn't have to negotioate b/c they are backed by the government. He has continued making his car payments but stopped paying on the CC's totally because he just can't see a light at the end of the tunnel to pay down his debt. He's giving up and resigned to waiting until they report it to the CA's and then another 7 years to get it off. Any suggestions for dealing with this Federal Credit Union or any FCU for that matter? Thanks in advance!!! Link to comment Share on other sites More sharing options...
direred Posted July 4, 2007 Report Share Posted July 4, 2007 Don't ever mess with a credit union -- they cross-collateralize. Link to comment Share on other sites More sharing options...
Recommended Posts