Below is my letter to one of the major banks whose credit card I've had for years. My financial situation has worsened over the past two years, and a recent trip to the ER left me with medical bills I've simply been unable to pay. Yes, I have insurance, but was forced into a very high deductible because of the incessant increases in my monthly premiums.
(Note to you young-uns: Premiums go up dramatically as you get older, even if you have no chronic illness that needs treatment and rarely go to the doctor.)
When I read that Wall Street's profits have skyrocketed along with their obscene bonuses, I made a decision. I'm not the least bit proud to be in this position, but it is what it is. One creditor, the hospital, helped me when I desperately needed it. The other... not so much.
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