Melanie702, NACA sent in my request to
CW on 2/28. My
CW account got locked out about 10 days ago to make payments on line. I called
CW today to make the payment over the phone and the csr told me he couldn't accept the payment because the account was in review. He then went on to tell me that the notes in my file showed that I did not qualify for the forbearance because I have a 15% deficit each month...no kidding? He was kind enough to give me the name of my negotiator and put me through to the Advocacy department that works with NACA. I spoke with a woman by the name of MaryAnne who took my payment over the phone and told me the blocks on my account would be removed. I explained that I would not be accepting the forbearance plan even if it did come through and I asked her if she could offer assistance on a mod. She couldn't help but gave me the name of another rep and his phone number. I left him a detailed message and will keep calling him until I have more clarification.
I have stopped paying all cc debt and will be filing bk in approximately 2-3 months...I have no choice...I can't afford garnishments of any kind. My credit has gone from perfect to trash in no time at all because of the bad economy. I have been in my home for 12 years and don't want to lose it. I was just hoping for a loan mod before hand because once I file bk it will get extremely tricky in trying to obtain a mod.
NACA wanted to submit for a forbearance and then at the end try again for a mod, but by that point I will be up to my ears in bk business and if I want to keep my home the bk judge requires the payments on the mortgage to be current. This whole process has become a full time job and I swear I am no further along than I was in February. I am trying to be patient but I am running out of time for other options. I have called and emailed NACA several times in the last month trying to reach my negotiator to let her know I will not be taking advantage of the forbearance.