Past due balances being reported...

[ahsgal2004]

Long story short: I was without a job for many months due to certain circumstances, and wasn't able to pay my credit card for 5 months. I have checked in with them every now and then to keep communication open and let them know I will pay when I actually have income. I just got on top of financial issues and went to check my balance of this card (1st Financial Bank USA) and it said the balance was ZERO.... it used to be around $3,000....
This is obviously bad news. Can anyone tell me what happened? Did they close my account and report me to collections or something?

Thanks for the help. I would just ask customer service but it's Saturday and I won't be able to talk to them Monday... and this is eating away at me. Thank you.

[fitnessk]

I am wondering if they entered the account into collections or their recovery department. It doesn't actually zero out your balance but sometimes they do close your account and put it in a different department.

[Dru]

Yes, it sounds like they wrote it off as bad debt and have now sold it to a collection agency. You will most likely be hearing from the new debt holder soon.

[4silverstrea]

How horrible. Can’t they give people a break? I freelance and it is harder looking for work than doing the work. Also, finding good clients who operate from a state of integrity and reliability has been tough for me. Although, since I have changed my mindset, I am getting better clients now.

[Easy To Get Credit Cards]

Charge Off.
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