I had agreed with Bank of America to make payments on my credit card.
I wrote BOA a letter informing them I would only be able to pay 50% of the payment.
I lost my employment and religiously made my payments.
I continued to make my payments religiously.
After about 5 months they called me and said I should stop sending in payments.
I was flabberghasted!
I subsequently stopped the payments since they told me to.
Subsequently, collection agencies started contacting me.
I have adapted a letter that I now send them registered mail.
It stops the telephone calls and they quit contacting me.
I am not encouraging anyone to stop paying their credit card debt, but if you are ill-treated like me I encourage to act accordingly.
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