I have done a lot of research on debt settlement vs trying to settle debts on my own. Understanding my own strengths and weaknesses, I think I would benefit using a professional company. Now, I just have to figure out which one to go with. I’m interested in Halo, as you get to keep your money in your own savings account, rather than an escrow, and you pay the creditor directly when a settlement is reached. I’d just like to feel better assured that they won’t rip me off! Does anyone have experience with them?

Technorati Tags: creditor, Debt Settlement, debts, escrow, halo, money, professional company, strengths and weaknesses

I received a letter from Cohen and Slamowitz, a law firm, notifying me that my creditor (citibank) has referred my account to their office for collection. They state that I have 30 days to ask them to validate the debt.

I am planning on sending them a letter to validate the debt, but I am considering offering them a settlement amount to clear the debt.

By offering them a settlement offer (a take it or leave it), does that in effect validate the debt and validate the fact that I owe this money? If we cannot settle, and this ends up going to court, will the fact that at one point in the process I offered to pay them a sum of money to settle the account hurt me and will they use this as evidence that I in fact owe all this money?

Any tips or answers to my problem will be appreciated. Thank you.
The debit is relatively new… it is credit card debt and I defaulted in April or May I believe….

Technorati Tags: citibank, credit card debt, creditor, sum of money

I received a letter from Cohen and Slamowitz, a law firm, notifying me that my creditor (citibank) has referred my account to their office for collection. They state that I have 30 days to ask them to validate the debt.

I am planning on sending them a letter to validate the debt, but I am considering offering them a settlement amount to clear the debt.

By offering them a settlement offer (a take it or leave it), does that in effect validate the debt and validate the fact that I owe this money? If we cannot settle, and this ends up going to court, will the fact that at one point in the process I offered to pay them a sum of money to settle the account hurt me and will they use this as evidence that I in fact owe all this money?

Any tips or answers to my problem will be appreciated. Thank you.
The debit is relatively new… it is credit card debt and I defaulted in April or May I believe….

Technorati Tags: citibank, credit card debt, creditor, sum of money

My attorney is helping me resolve certain debts, & has asked me to give the money to him, he said he will put it in a trust account and then pay the amount owed to the creditor out of that.

I have never done this before, is this normal procedure? I feel weird about it, it is a lot of money and I’m worried it could be a scam, how do I know he will pay the amount to the creditor? What could I do about it if he didn’t? He does seem trustworthy and has been in business a long time, I just don’t know what is normal procedure.

I would appreciate guidance from those who have been through this and/or work in law.

Technorati Tags: amp, creditor, debts, guidance, long time, money, trust account

The creditor filed judgment against me on my credit for medical bill, that was from my ex -wife. I was being nice and stupid, she was still under my insurance coverage even we were separated, I had no idea where was she, all of sudden there was medical bill on my credit. I filed divorce on the news paper because I couldn’t find her. I am still not able to pay this money, I am thinking about filing bankruptcy… How can I do it?

Technorati Tags: creditor, divorce, filing bankruptcy, insurance, insurance coverage, judgment against, medical bill, money, news paper

A judgement was put against me in 2005. They told me they wouldn’t take any more legal action if I signed an agreement to pay .00- 0.00 a month. Out of fear I signed. Today I called to find out my balance and the women told me I owed exactly what I owed in 2005. After asking for a statement to be sent in the mail the women became irate and would not let me speak to her manager. When I called back a man answered and told me he sided with the woman. All I wanted was a statement stating how much I owed and who the original creditor was. I don’t know what to do now and don’t trust these people to act fairly. The name of the company is Resurgence Financial, LLC.

Technorati Tags: creditor, fear, judgement, mail, resurgence financial llc

I have an outstanding debt with a CC company. They have already filed suit against me. I cannot afford an attorney so I have tried to correspond as best as I am able, but I find myself hopelessly tardy in getting all the correct documents to the right people and to the right addresses.
So I figured I would send them a formal letter stating that I am willing to settle. I don’t know how to word this letter. I am unsure of the legal jargon needed to address the law firm. I also don’t know what amount to offer them. Does this letter have to be officially served?
The total amount of the debt is 42.90. This amount includes all the "FEES" assessed by the creditor. Obviously this is not the amount they will ask for once a judgment is issued against me for legal fees court etc…… I know that the original debtor was willing to negotiate with me, but I was in a near Fatal car crash and was unable to deal with any type of billing issues, much less
anything else.
Please help……. Thank you

Technorati Tags: billing issues, cc company, correct documents, creditor, debtor, fatal car crash, formal letter, judgment, legal jargon, letter stating that

Is a creditor required to send me notification or a legal form showing the income (like an employer is required to send a W-2)?

I previously settled some debts, received no such form, and the IRS came calling for the back taxes a couple years later. I have other debts that, after inability to pay, consideration of credit report limits, and statute of limitations for claim suit, I have decided not to pay. How will I know when this is considered income by the IRS?

Technorati Tags: back taxes, credit report, creditor, debts, irs, statute of limitations

I am ,000 in the hole in charged off debts so one of the creditors filed a civil lawsuit on me, if i file bankruptcy & name the creditor in the filing does the lawsuit get stopped dead in its tracks?

I have 2 weeks to submit an "answer" to the civil complaint denying all charges to buy myself an extra 90 days…

Technorati Tags: amp, bankruptcy, civil complaint, civil lawsuit, creditor, creditors, debts

I’d like to know if it is legal to use this violation as a ‘bargaining chip’ with my creditor. I’d like to settle the debt for a smaller amount than I owe (I owe 50, I’d like to get the debt forgiven since the fine against the creditor is 00 as per the fair debt collection act). This bargain would be instead of filing a complaint with the FTC and contacting my state’s attorney general’s office.

Technorati Tags: attorney general, bargain, bargaining chip, creditor, debt collection act, fair debt collection, fair debt collection act, filing a complaint, ftc

My bankruptcy was discharged and closed in March of 2008. A couple months ago I found out I had a creditor still requesting money that I didn’t know about, and was not present on my credit report when I first filed. I was wondering if I could reopen my chapter 7 that was discharged and closed (in Illinois)and put this creditor in it. I filed myself without an attorney, so I didn’t know if this was possible.

Technorati Tags: bankruptcy, chapter 7, credit report, creditor, money

My wife has a Vehicle that she wrecked over 6 years ago, and she didn’t have insurance (before we met). Now we are in escrow for a new home. The underwriter wants us to settle this debt. It’s a debt passed the statute of limitations in my state, and has been charged off years ago from the original creditor, but active with a junk debt buyer. I need to get this settled ASAP because we are in danger of loosing the house we want. Should I use a lawyer to negotiate this debt? Or should I go it alone?

Technorati Tags: 6 years, asap, creditor, debt buyer, escrow, insurance, lawyer, statute of limitations, underwriter

never being late?
According to the fair credit act, a letter to settle including a check for less than the amount owed , conditions upon cashing the check are that the creditor must report to the credit bureaus as the account never having been late.
I heard such a letter was impractical and that they won’t reply, or honor such a request, but it can be done under certain circumstances, such as a very very late bill, or request by an attorney.
Anyone know of the form to write the letter in to state it clearly and send it to the creditor?

Technorati Tags: circumstances, credit bureaus, creditor, fair credit act, reply

I am not familiar with this kind of situation and don’t know whether or not there is something I need to do. I actually attempted to contact the creditor (a major bank) and was unable to connect with anyone who could assist or explain. I would like to settle the debt and move forward with improving my credit.

Technorati Tags: creditor, major bank

Can the credit card companies get my disability money like they garnish wages?
Will my credit clear-up in 6 year if I don’t file bankruptcy?
It has been 15 months since I have charged anything on any credit card account.It has been 12 months since I have paid on any of my credit card debt. It is well over 10 times the reported national average. My life situation changed dramatically. My old job was great money and I would be back in it in a heart-beat , if I could. Income from disability doesn’t cover the unsecured debt I have.
I hope to heal and someday go back to work; however, what looks worse a bankruptcy or bad credit? I need advice that will help pull my life together in a way that I can return to the mainstream without some creditor popping up to sabotage my attempts to become productive again. (next time without credit cards- I have made it a year and I am determined to go longer even though the idiots keep sending cards(with hugh credit lines) in the mail.

Technorati Tags: 12 months, 15 months, attempts, bad credit, bankruptcy, credit card account, credit card companies, credit card debt, credit cards, creditor, disability, heart, life situation, mail, mainstream, money, old job, sending cards, unsecured debt, wages

I am having trouble finding a simple straight to the point letter to send to the original creditor to settle the debt. Can anyone please help me? I would like it to mention about upon recipt of payment that they will remove all negative reports from all 3 CRA and no calls at home to do all contact through writing. Please help me. Thank you!!

Technorati Tags: cra, creditor, recipt

I am trying to settle the debt but the creditor would not give me much time. Does anyone know if I can loan about 9000 with bad credit? I do not have home but i have a stable job now.

Technorati Tags: bad credit, creditor, stable job

Can a creditor file adversary in my chapter 7 bankruptcy if I used my credit account over 30 days prior to filing bankruptcy? What are the stipulations? How can I determine if I’m safe from a creditor filing adversary against me?

Technorati Tags: adversary, chapter 7 bankruptcy, creditor, filing bankruptcy, stipulations

I sent my creditor a certified letter of debt settlement that I would pay in a lump sum, my debt .30 to the dollar. and If they were willing to settle send me a letter signed in agreement! How long do they have respond? It has been a week. Should I keep sending them the letter..? am I on the right track.
I am only 19, and want to fix my mistakes I made with two credit cards I made last year! also how will it look on my credit if its paid?

Technorati Tags: credit cards, creditor, Debt Settlement, lump sum

The credit card account was closed and the collection agency offered me a debt settlement for 1500 dollars less. I took the option and paid off the account. They sent me a letter saying account was satisfied. However I lost that letter. Now I need it for employment purpose because they want to make sure I don’t owe money. Will the credit card company still be able to fax me a letter saying account was settled?
It’s not showing that I owe money. I had to mention to my employer if I "made negotiation with creditor". I answered yes and in details provided that I paid off the debt settlement. Now my employer just need proof of that payment.

Technorati Tags: credit card account, credit card company, creditor, Debt Settlement, money, negotiation, proof

What would happen if the creditor rejects the offer from debt Settlement Company regarding about my credit cards debt? Will I facing a law suit?

Technorati Tags: credit cards debt, creditor, Debt Settlement, law suit, settlement company

I had my hearing for chapter 7 my atty told me that up to something like 80% of my tax refund but atty won’t tell me if I’ll get it all back if no one files a claim or explain any further just says almost always a creditor files a claim.

Technorati Tags: chapter 7, creditor, tax refund

My brother is going to file bankruptcy next week. On one of his credit report there is an account that is MINE. How did it get there, i dont even have him as authorized user. (FYI we have same address, same last name). Experts tell me me not to worry about doing anything because when the court calls the creditor, (citibank) they wouldn’t have a record of having a credit card with them. I just wanted to get some comments here. Good Day

Technorati Tags: bankruptcy, brother, citibank, credit card, credit report, creditor

i don’t have the 00 to pay and it is a simple bankruptcy for one creditor just wondering if i can do it myself and just pay the state fee of 9?
could you go into detail as to why?

i read that you could buy the documents at "office depot"

Technorati Tags: bankruptcy, creditor, office depot, state fee

We moved out on November 15. By Dec. 15, we still hadn’t heard anything so we contacted them. They sent us a letter saying that they would give us our deposit by Dec. 31. We waited and had not heard from them. We just got a letter saying they filed bankruptcy and listed us as their creditor? How do we get our money back?

Technorati Tags: bankruptcy, creditor, money, november 15

My credit card account is in debt collection and be passed to a attorney to sue me. I have contacted the attorney – he started threatening me that he has my account only to sue me – and that any arrangement with go through the court. I had asked how to avoid that, then he suggests that I settle with him and then will not be sued and avoid judgment – He is willing to settle but I am not sure if this is trap. The reason is that in NH where the account is, if a creditor cashes a full payment check and explicitly retains his right to sue you by writing "under protest or without prejudice" with his endorsement, then he can come after you for the balance. But those exact words must be used. If he writes "without recourse," communicates with you separately, notifies you verbally or writes on the check that it is partial payment, it is not enough.
Please advise how I could make sure he is not going to trap me and come back for the unpaid part later.

Technorati Tags: credit card account, creditor, debt collection, endorsement, exact words, judgment, prejudice, protest, quot, recourse

i don’t have the 00 to pay and it is a simple bankruptcy for one creditor just wondering if i can do it myself and just pay the state fee of 9?

Technorati Tags: bankruptcy, creditor, state fee

I file for bankruptcy and I have the meeting on the 17th. I DON’T have an attorney.And I forgot to add a creditor on the file.

Please, I need to know exactly what is the form I have to print out and fill out to bring to the court in Fort Lauderdale, Florida. I know I have to pay a fee of . But I still don’t know what form I have to fill out and where to get it. Thank you for your help.

Technorati Tags: bankruptcy, creditor, fort lauderdale, lauderdale florida

I can not afford to pay this creditor so I was thinking of filing bankruptcy.

Technorati Tags: creditor, filing bankruptcy

So if i buy a Corvette, and GM goes bust in a few months, and my car is financed by GMAC, does that mean I get the car for free?
If they go bankrupt, they went out of business, therefore have no business in having a creditor come after me, when they themselves are gone, and already have filed the paperwork saying they can’t afford to pay anyone back

Technorati Tags: bust, corvette, creditor, gm, gmac, paperwork