What happened to the remaining amt and how will this reflect on my credit report? Also. another creditor that I have, sold the acct to a collection agency and the amt that they are trying to collect is for a much higher amt, almost double. Can this happen? I will never be able to pay this off.
My wife and I have settled 2 credit cards thru a debt settlement company with no problems. We are now in the process of settling hers, this is the last one. But, now it was sent to a law firm and now she has to go to court. We have a little saved up in our acct. w/ the settlement company. Was wanting to know if this has happened to anyone and if so, when you went to court were still able to pay off your debt when a settlement was reached or what.
I am 25 and want to be debt free. I have over ten thousand in debt. I want to start settling with debt collectors. It been about 5 years since i paid a dime. I want to buy a house in 15 months.What steps should I need to take to be debt free.What should or Shouldn’t i do when talking to collectors. I know i am suppose to get a written agreement saying the acct# and how much I settle for.In the letter can I state that they would contact the bureaus and state of paid in full. How long does it take for credit score to fo up and how long take to fall off. Any other advice will help me.. When I settle with a collections does hurt credit card score.
I just posted a question a few minutes ago about my wife having to go to court over her credit card. Like I said before we have all ready settled 2 w/ a debt settlement company. Her’s is the last one we are settling and now she has to go to court. She has lost her job because of plant closure. We have a small amount built up in our acct. with debt settlement company, but nowhere near what the lawyers say we may have to pay. Does anyone have any thoughts of what might happen?