When Wamu Files For Bankruptcy, Do I Still Need Certainly To Make Credit-Card Payments?

[galvin]

I do not know if WAMU has filed for bankruptcy but. My worry is do I still need to make the payments to the card? Let's say the bankruptcy goes through, at what point, if attainable, might I quit providing payments? What would sufficient time frame be? Numerous days soon after, weeks, months?

[jordi]

Wamu hasbeen ordered out by pursuit lender. They're not, nor had been they ever, most likely to proceed bankrupt.You Can not cease generating payments. The cash is owed by you - you require definitely to make the funds. The only real distinction is that in the location of wamu, in a few weeks, you will be delivering your instalments to pursuit, and two - your minimum amount due is definitely going to improve. Nothing at all else will change. Sorry, but you're stuck paying for the things you charged.

[Eadwine]

[Germano]

You will always make the credit card payments. Don't ruin your credit. JP Morgan bought Washington Mutual in September, and that includes their deposits and credit card sectors. SexyTrojan 62 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Danilkar]

Wamu is not going bankrupt... They were bought out at a discount price. However, even if your bank does declare bankrupcy, you still need to make your payment. The debt is good and is considered one of the assets that go to the creditors of the bank. The mortgage will be taken over and probably sold to another company. If you do not pay your mortgage, you are risking ruining your credit rating, and possible foreclosure(depending on how long you try to carry it out). dejapooh 63 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Mariner]

Spatzie~Lover said: 2 You need to make your payments, no matter what. If they(Wamu) get sold, your account will be "bought" by the purchaser. 63 months ago

[Einian]

JP Morgan bought Washington Mutual in September, and that includes their deposits and credit card sectors.

[Desire]

Yes, you do - that "asset" of WaMu has been purchased. If you stop making payments, you'll trash you credit. The company that bought WaMu's credit assets will contact you with information.   Nice try though, to skip out on your obligations - you can only do that if you're rich, or a corporation.  Little people like us don't get to do it without repercussions.   Schelli's Recommendations Credit Repair Kit For Dummies(For Dummies(Business & Personal Finance)) Amazon List Price: $24.99 Used from: $11.00 Average Customer Rating: 4.5 out of 5(based on 14 reviews) Managing Your Money All-In-One For Dummies(For Dummies(Lifestyles Paperback)) Amazon List Price: $29.99 Schelli 63 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

[Ruadhan]

You need to make your payments, no matter what. If they(Wamu) get sold, your account will be "bought" by the purchaser.

[Aelfdene]

The company that bought WaMu's credit assets will contact you with information.   Nice try though, to skip out on your obligations - you can only do that if you're rich, or a corporation.  Little people like us don't get to do it without repercussions.