I have a past due CC that only had a $125 limit on it. I totally fell behind when I was unemployed earlier this year, and now that I have a stable job I want to pay this off ASAP. While looking at my credit report, it looks like they charged a load of late fees and penalties totalling, bringing my new past due balance to $280.. I want to send them a proposal letter (assuming the CC company still owns the date - they do according to my credit report I pulled on August 28th), throw in a $50 money order, and kindly ask them to remove the late penalties. If they do I could have this paid off next week. Is this a wise idea? Any suggestions? This was my only credit card that I had and I've never had to deal with a charged off account like this before.
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