Can the US settle its debt to China by giving it Utah?
China would get lots of land and the rest of the citizens in the US would not really miss it.
Archive for the ‘Debt Settlement’ Category
Should California be given to China to settle the debt?
I think everyone would win. We would settle the portion of our debt owed to China, China would get more land, and the liberals in California (especially Hollywood) would finally live in a Communist totalitarian country. Of course, anyone who doesn’t want to live in such a place or who doesn’t want to eat noodles everyday or who can drive properly would be given a month’s notice to move.
What do you think?
Why wouldn’t China want California? California has the eighth largest economy in the world.
Why wouldn’t China want California? California has the eighth largest economy in the world.
Can One Settle Debt At A Lower Cost With the CRA? (Revenue Canada)?
I owe ,500 to Revenue Canada. I am currently on Disability. Someone from Revenue Canada called me up to boss me to pay the outstanding balance. I told him that I am on Disability and could not afford to pay it. I suggested that we settle the balance at a lower amount that I could afford and he said that no one can settle their outstanding debt for less with Revenuer Canada. Is this true?
Also, can he put a garnish on my bank account for the amount owing eventhough i am on disability?
Thanx!!!
An agreement to pay a lesser amount to settle an unliquidated debt is:?
An agreement to pay a lesser amount to settle an unliquidated debt is:
A) enforceable, as there is consideration.
B) unenforceable, as there is no consideration.
C) enforceable in only some states.
D) unenforceable as a violation of public policy.
Can I settle a debt even if the contract is not yet over?
I am really under a timeline here! I want to get rid of a debt, i made a one year contract with a trainer and well the contract is over Feb 2012. I really want to settle this debt of 1,177 and still counting with atleast half the amount I cant not pay full. Is It possible?
Are you tired of the elite advertising debt settlement commercials on your television every day?
They are the ones to get people in debt and then they want to take more of your money to get you out of debt that they helped you get into. Elitists, I see through your scheme. Poof! Be gone, elitists!
Debt settlement. How does it hurt my credit score?
I had a debt in charged off as bad debt in 2009. I was never contacted by these companies or the debt company (PRA) so when I checked my credit score report I noticed this debt of 1,300.
I am settling with them for 0. They say that they cannot delete the debt from the credit score and it will be shown as settled less than full.
How bad does that hurt my credit score in the short and long run?
Is it better that I settled?
What if I am not happy with debt settlement company?
It seems like they dropped the ball. Can I stop paying the blance of the service fee and negotiate with the creditors by myself? or the debt settlement company still have the right to sue me or something?
Is debt settlement ruining our economy?
I work for a debt settlement company, and I’m very curious as to the impact of this to our nations economy. Do you think we are making things worst by negotiating debts? Do you see this industry going down anytime soon?
What are the effects of debt settlement to our nations economy?
Is it true that signing up with a debt settlement company to settle credit card debt is a bad idea?
because I thought the credit card company may not accept the offer of 40% or 50% of the debt.. and sue in court and win a garnishment.
The debt settlement gentleman on the phone said "don’t worry, less than 1% of people who sign up with us get sued", therefore I feel everyone can rack up huge credit card debt and sign up for it to only owe half or less.
Need to Settle Debt!! Possibly file Bankruptcy… Questions!?
I have a lot of debt (all credit cards) and I need to find a way to settle all this debt! I would much rather settle my debts than file bankruptcy. Currently, I am approximately ,000 in debt between about 8 different credit cards.
Does anyone know a good person/company that can help me settle? My good friend said she hired an attorney who helped her & her husband settle their debts for less than 40% of what was owed. Is that possible & how can I settle for a similar percentage?
Realistically what % are collections agencies willing to settle old charged off debt for?
I know they buy old debt at pennies on the dollar, and I have old cc debt, that WAS only about 6k, but with interest, and then being charged off and continuing to roll for years, is over 20k on paper, according to them. But I didn’t spend 20k, and I know the agencies will settle for much less than that.
I’m looking at ch. 7, but before I commit to it, I want to know what realistically I could pay the various collection agencies to settle it. I feel that a BK attorney will only encourage me to file, and if I call the agencies, they can legally start hounding me and my parents to get ahold of me (I’ve managed to keep my number etc private for years). Where can I turn? And what % do they usually settle for? Thanks so much.
Awesome thank you both, I’m in CA, that site shows SOL is 4years, and I believe it was all charged off in 2006, so it might be past already, I’ll get my credit report and check.
-So, if paying them off won’t improve my credit score, what’s the fastest way that I can bring my score back up? (I assume getting those debts taken off is how your score goes back up), obviously the goal is to get them off and/or qualify for a prepaid cc or some way to bring my score back up, so I can strive for the perfect score I USED to have 
etc. If you get a chance, email me at christianatheist80@yahoo.com
Thanks again, invaluable information.
A collector is willing to settle a debt, should I pay it or let it fall off my report?
Long story short, I owe 8.84….they are asking that I pay .00 and thy will then close the account and consider it paid. I havent been to court for the small debt and this debt has been on my report for a little over 8 years. In Illinois I think debt falls off your report in 10 or 11 years. Should I let it fall off my report or pay it, hence keeping it on my report for more years? Which option makes me look good?
Can you settle debt with a credit card company even in good standing?
Can you settle debt with a credit card company even in good standing?
I am making minimum payments with a few credit card companies but could have trouble paying these in the future. I don’t want to go through a debt consolidation company or a debt settlement company. Is it possible to call on my own and warn them I will file for bankruptcy and ask to settle before I stop paying for 30-90 days like most experts say? Can someone give me their advice or opinion on this? Thanks
Once you are served a summons for old credit card debt, is there a way to settle without wage garnishment?
I was served a summons and have to respond within 14 days. I know that responding is the key, but at this point is there a way to settle with a payment plan, etc without wage garnishment?
Has anyone had experience with The Johnson Law Group debt settlement program (based in Longwood FL)?
I’m trying to find out why they seem so evasive, now that I have signed up with them.
Debt Settlement program startting tomorrow…what should I expect?
To make a long story short, I have managed to bury myself with almost ,000 in credit card debt I did not want to file bankruptcy. I have been able to pay around ,500 a month towards credit cards consistently which usually cover a little more than the minimum payment. I was doing the math and even with getting interest lower this is going to take me anywhere around 8-10 years. So I decided to join a debt settlement program that allows me to pay 75 a month for 36 months and it will get me out of debt by settlement. I have never been late on anything before but this month I have been advised by the company I decided to work with to stop paying the creditors. Does anyone know if the debt settlement companies send pfd’s or are they just trying to settle and get their share? What are somethings that I should expect to happen to my credit in the next 3-5 years? Does anyone have any success stories about settling their debt? I am just trying to sleep good at night with this decison.TY
How does a settlement payment to a debt collector affect my credit?
If you take the percentage payoff how does that affect your credit in the long run?
Just discovered a 13K CC debt. (sigh)…HELP!?
Hey, I need a little advice from soneone who has been in a similar situation.
I recently discovered we had an old credit card that had not been paid off, and the account has been adding interest for 5 years. When the account went delinquent, it had a balalnce of ,000, and has now grown to [B],000[/B].
Anyway, the card is in my wife’s name only, and I am looking at calling the collection agency and settling the debt, probably for around 6 or 7K I would imagine.
My question, however, is what happens if I don’t pay it at all? I mean, I know it would fall off my wife’s credit report, but that doesn’t stop collection actions and or garnishment, does it?
I realize it would continue to kill my wife’s credit, but does it do anything to mine? Can they garnish MY wages, as her husband?
Any help in answering this question would be greatly appreciated. I will likely call and settle the debt, but want to know what my options are. Thanks! Mike
How do I determine if my debt settlement is working?
A few month’s ago, I started working with National Debt Relief to settle 2 credit cards….1 with Discover and one with Citibank.
I have had no issues until the other day, when someone from Citi called me to say they don’t work with debt settlement companies.
So, I have my debt settlement company telling me "don’t listen to the creditors, they are just trying to scare you", and then I have Citi telling me "don’t listen to the debt settlement company because they take your money and never pay us…a law was passed last year that we no longer work with debt settlement"
When I first enrolled into the settlement program, they said they did work with both banks, I had to provide my statements and they seem completely legit. I have a certain amount of money automatically being deposted into a trust account with the settlement company uses to pay off attorney fees and my creditors over a specific period of time.
How do I determine who is telling me the truth, and if my debt settlement isn’t working, what do I do with Citi? They did send me a letter asking me to settle…so what’s the difference if I settle through debt relief vs. settling directly through me?
If it helps, Discover has contacted me and is aware that I’m working with debt settlement and seemed more than okay with that. and they both sent me letters to settle for less than what i owe. it isn’t very much debt at all….just what I couldn’t pay off from my old lifestyle, after I had to move across the country and take a job making much less than i had before.
Can the IRS take money out of your checking account to settle what u owe them? Without your permission?
I owe the IRS about 00 from when I got audited one year. I have 00 in savings and 00 in checking and I’m in fear that they will take it one day. I’ve called the IRS and put a hold on my debt because I’m not working right now. I’m currently collecting unemployment and that money in the bank is all I have.
Has anyone ever used a debt settlement program? What were the results?
Over 50,000 in debt
Question on Debt Consolidation Loans…..?
Does anyone know of any companies in the UK who will settle whatever debt you might have – directly with the credit companies concerned – thus allowing you to pay off one monthly sum – to just one company? Naturally I know there will be an additional fee involved!!!
how do i resolve a debt with a debt collector who will not talk to me?
its from a credit card debt, which was turned over to Arrow Financial Services (a debt collector), they in turn had Mann Bracken LLP (a national collection attorney network firm) contact me to settle the debt. I made arrangements to pay the debt, and was making monthly payments, directly taken from my checking account. After paying 00.00 over several months time, I received an "Agreed Judgment" from Mann Bracken in which Arrow Financial Services is the plaintiff and is seeking a judgment against me. I was in communication with Mann Bracken and was told to sign the Agreed Judgment and they would agree to not execute, abstract, or otherwise seek to enforce the agreed judgment during the term of our temporary agreement, as long as I (the defendant) complies with the payment terms. I agreed to pay 0.00 monthly directly from my checking account for 9 months, then the parties agree to review the matter again and attempt to negotiate a final settlement agreement.
This was in Sept of ‘09, in which I was dealing with my daughter and my grandson who were in crisis and our family was occupied with their issues, so I had every intention of signing the agreed judgment, but I got distracted and didn’t sign it, so at the end of Oct ‘09, a "Final Default Judgment" was issued against me. I of course called Mann Bracken and was told that after our agreed 9 month period of consistent monthly payments, they would have the judgment taken care of.
So I made my monthly payments every month, but in Dec ‘09 the money was never taken out of my account, so I called Mann Bracken, but the phone # was no longer in service. I tried several different #’s and all were disconnected, then I read on line that Mann Bracken had been investigated/sued and went into bankruptcy! So I then contacted Arrow Financial Services, spoke to a representative, explained the situation, and was told that a new debt collector attorney will be contacting me, but that has been 6 months now, and no one has contacted me.
What do I do? How do I settle the debt, I am more than willilng to settle, and what do I do about the Final Judgment? I’ve pulled my credit report from all 3 credit bureau agencies, and there is no judgment listed. I contested the debt with Arrow Financial, but after the investigation, the debt still stands in effect on all 3 credit bureaus.
Do I need to hire a lawyer?
Does anyone know anything about the company DebtXS?
I had enquired to them about debt settlement and they said because of their long-standing relationship with credit card companies, they were able to settle my debt for $.40 on the dollar. I just wanted to know if they were a legit company and if anyone had heard anything about them before.
Settled credit card debt a year ago – call from Creditors Interchange about settling interest rate????
I made some bad choices in the past regarding my use of credit cards and have spent the last few years making it better. This includes settling my outstanding balances on the credit cards that I had defaulted on (it’s only fair to pay back what I owe, in some capacity, right?).
Today I received a very pushy call from Creditors Interchange telling me I owed several hundred dollars for a credit card that I payed off through settlement last year. I was calm and checked my paperwork while on the phone and sure enough, I have records of the settlement.
The unpleasant man on the phone informed me that I owed monetary payment on the interest rate (and threw out a 20% rate) that had accrued on the debt. I informed him that I had already settled the debt, but he seemed adamant about what I owe and threatened me on the possibilities of ruining my credit score and kept insisting on bank account/credit card payment information. I refused.
Thoughts?
My impression is that settling a debt effectively closes the door on future amounts that I may owe in the future for the card? In a sense, double jeopardy?
Settled a debt-but haven't recv'd a settlement ltr yet.?
I’ve just settled the last of my outstanding debts so that I can have a rapid rescore done on my credit report. The collector said they would fax me the settlement letter after they received my funds but I haven’t yet received the letter and they won’t return my calls. Funds were taken out of my account a week ago. How long by law do they have to wait before sending me this settlement letter?
debt settlement companies, a good deal?
I am debating on going the credit cousneling/ bankrtupcy route or going to credit solutions for a debt settlement. Is it any good? i cnat do it unless they get the stuff talked WAY DOWN cause i cant afford the minimums on my stuff now.