I was recently personally served with legal papers, Petition for Confirmation of Arbitration Award with a hearing date of August 8, 2007. This was from MBNA credit card, asking for ,800. I owe them about ,200. I would like to settle with them before judgment gets confirmed with the courthouse to avoid wage garnishments and liens. I am the major breadwinner of the household and would like to know if it is best to settle with them before the court date or to have judgment confirmed and then settle with them at that time. I wish to keep my financial issues private and not be known by my employer (I work in the legal field). A year and half ago, I signed up with a debt management company to assist me in consolidating and settling all of my outstanding debt. When I discussed the matter with them, they said that I should file an Answer, but the document is not a complaint, but a petition. What proper reply or opposition should I file while discussing settlement with MBNA? Thank u

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i have two creditors.Bof A and chase.all together i owe over ,000.i sent Bof A an offer through their collection agency.i also made an agreement with chase.i told both i wanted letters stating that the debt was to be settled for a certain amount,and wanted confirmation as soon as the letters were recieved.i already tried going through 2 different debt settlement companies and it was just a bunch of bull.what other documentation should i get in case i get blackballed?

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