Synchrony Financial Credit Card Complaint

Synchrony Financial Credit card department,

Payoff process Virginia

I stopped making payments on a - credit card in - 2015 due to underemployment at the time. In - 2015, I got a part job and began attempting to catch up on past due payments from a number of accounts. In - 2015, I was contacted by a third party collections company working on behalf of this GapCard named - - -. I was informed that a payment of approximately $200.00 was due to bring the account current. I told them that I was unable to pay that amount at that time, but that I was willing to begin making payments. They then asked me how much I would be able to pay, and I responded with about $50.00. I was placed on hold for a few minutes and when they came back on the line I was told that by setting up 6 monthly post-dated check payments of about $70.00, I would have the account current at the end of this period. I assumed that the account was in collections at this time ( since I was speaking with a collections agency ) and I agreed, assuming that those payments would go towards paying off the principal balance..


settled upon balance, was little more than money thrown away. My balance is no smaller than it was 4 months ago, and my minimum payment to bring the account current is now $250.00, some $60.00 more than it was before I payed $270.00 to this creditor. I was not just mislead, but lied to, and tricked into entering into what would have been a never ending payment plan. There is no way I would have ever knowingly entered into such an arrangement. I would have just let the account go to the courts and entered into some sort of arbitration to pay off the account. I spoke to someone at GapCard today and they said they would " file a complaint '' against this collection agency, but frankly I do n't trust them, and certainly do n't expect to see my money back. I would like some help. I can only imagine that this is happening to other people and it definitely needs to stop.