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Debt Settlement Tips
debt settlement information
I own a financial/debt settlement website. What is the best paid advertising format to use? Craigslist?
How bad is it to take a debt settlement offer in Canada?
I am over a year late on a debt of 5 thousand..and wonder at this stage how much it will hurt my ability to rebuild my credit if I settle as opposed to 'pay in full'?
Should i do debt settlement?
I will basically sum it up for all of you.I just go recently discharged from the navy's boot camp, for eczema i got home on tuesday, and i just found out i can not get my job back at the post office i was a casual worker so no benefits with out reapplying but that job it took me over a year to get you have to check everyday for where everyday you live if there is job postings So yea, i have all these bills now that i can't even pay anymore so i was thinking should i just find a debt settling company to talk to my creditors, or default on my bills? I know i will most likely lose my car in the next 70 days and i am also applying everywhere and anywhere.What do you all suggest me to do? Thank you.Yes it is my car note, credit cards and a student loan.I already had 5 of the 6 credit cards in a consolidation but i might have to give up the program if no not enough money is coming in.Thank you for the answers so far, very helpful tips.
Questions about debt settlement?
I am so confused. I owe a debt that I'm paying on, a debt to a credit card company that I lost track of years ago. Long story short the debt was bought by midland funding, I then received a summons to court from them through a law firm called Howard Lee Schiff. I worked out a payment arrangement, with Howard Lee Schiff because Midland Funding wouldn't talk to me, they had me sign a stipulation to the judgement in order for me to have a payment arrangement. The debt was for about $3000, I've been paying $100 a month always on time and now the debt is down to about $2400. Everything was fine no problems, but today I find out there is a judgement against me and they put a lien on my property. I'm very stressed out, I'm 8 months pregnant and trying to avoid stress... Anyway I called the law firm and asked them what can I do to get the lien off of my property. They said settle the debt. I asked if they would be willing to do a settlement for less then the remaining balance because I don't have that amount of money but may be able to borrow money from my in laws. They told me $1900 is the lowest they could go. Or if I can prove hardship I might be able to get a lesser amount. I really do not want to be screwed over by these people down the road, so I have a few questions.1. what do I need to get in writing by them before I pay?2. will a settlement take the lien off my property?3. what do I need to provide to prove hardship?4. will paying this as a settlement improve my credit report, what do I need to ask them to do that they will realistically do to improve my credit reportI really want to get this taken care of, I understand that everyone needs to pay their bills and I'm not trying to avoid paying mine. This bill not getting paid in the first place was actually an accident. I had set up automatic payments to be taken out of my bank account on a monthly basis and I didn't notice that they had stopped and when I did it had been sold to someone else. Your help is greatly appreciated I feel so helpless.
What is the difference between a debt negotiation agreement and credit card debt settlement letter?
Should a debt settlement offer letter be hand written or typed?
I'm sending a debt settlement offer to a collections agency and need to know if it should be hand written or typed. And i also read that i shouldnt sign it. Should i sign it or not?
Do I need to send seperate debt settlement offers to the same creditor for many accounts?
I have been doing financially okay in the past few months and I finally decided to get my credit cleaned up. I have been delinquent for a couple of years and over those couple of years most of my previous credit is now owed to Chase. I have 5 different accounts with them. The question is do I need to send a seperate letter for every single account, or I need to send just one letter with the settlement offer?
Do you recommend debt settlement services why or why not in califronia?
Can i sue my debt settlement company?
I signed up with a debt settlement co, because my 3 credit cards raised their rates to 29.99 % without notice and refused to work with me to lower those rates. The settlemrnt co. advertised that only .005 % of their clients get sued by the creditors. Well i have been sued by 2 of 3. In my view this is false advertising and lapse of ability to settle.
Who can you contact at BOA for a debt settlement?
Do debt settlement letters have to be signed before making a payment?
I am in the process of settling a debt with a creditor that purchased the debt from my original credit card company and no, the debt is not older than 7 years so it is still within the statute of limitations. I went with a debt settlement company but I am having some reservations about their protocol, although they did negotiate with the debt collector representing the creditor for a settlement of about 35 % of the debt.I recently received a settlement letter from the debt collector and it DOES state the agreed upon amount and the words " SETTLEMENT IN FULL" . But it also says " Upon receipt of the amount, we will notify our client to make any appropriate adjustments to the account" . " ...any appropriate adjustments" ?... this sounds a little vague. Am I being paranoid? And then it has a deadline to accept the offer I have about 4 days left .Plus, the letter is not signed by anyone but just ends with " Sincerely," and the names of several people of the firm collecting the debt. I was also told by my settlement company that I don't need to sign anything, that I just have to send a check to the debt collector. Is this true? No signatures required for a legally binding agreement? ?Oh and I also asked my debt settlement company if I could pay with a cashier's check or money order and they said only if the debt collector says it's okay. If not than they would just do a direct transfer from my bank account, which I assume would require a bank routing number and whatnot, which I have heard I should avoid.When I ask about some of these issues, believe it or not, my settlement representative gets belligerent with me saying " this is just how it's done" , " direct transfers are no problem" , " I know better than you" , " I have other cases to deal with" . They basically want to just get my case over with even to the point of being threatening, saying " do you want the offer or not?" .Can somebody please help? Especially with the direct transfer part and the fact that supposedly there are no signatures required.The debt is less than 2 years old and we agreed on a lump sum payment.It's just that if they refuse to take anything other than a direct transfer and my settlement company is not going to help me with that what recourse do I have? Even if they do a direct transfer can they really take out more than the amount we agreed upon? Isn't that illegal? What is the worse they can really do in the case they get a direct transfer?And can you please answer the question about the signatures on the settlement letter? Are they absolutely necessary, both the debt collectors' and mine ?
What's the best way to work a debt settlement with Capital One?
I am currently trying to settle a $9600.00 account...they seem to be the worst to deal with. I can pay the current balance in full with one lump sum payment, however it seems silly in this current economic environment. All other creditors have settled for 50 %.
Does anyone know a good debt settlement?
Does anyone know a good debt settlement? I been searching everywhere online and all of the ones I've seen has bad reviews. Please help me.
What are the ramifications for defaulting on a debt settlement in California?
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