My brother is currently under an installments plan with the IRS to pay about 4,000 dollars of money due from 2004 because he took a second job and his employer was not withholding enough from his earnings. This year he may receive a refund of about 5,000 but he’s afraid the IRS will keep this money to settle the debt even though he is already on a payment plan. He is thinking of using this money to do repairs on his home.
My debt is 00 with AMEX and I would like to remove my "charge off." I would like to pay 60(60% of this debt).
Do you think that AMEX will take this offer and agree to removing the "chrage off" and replace it with "paid as agreed"? Or do you think I should just go ahead and offer the whole amount and ask for the "charge off" removal.
Another detail…. I will have to pay in installments because I cannot afford a lump sum.
Hello,
I owe about 000 on a credit card, but I have never been late or missed a payment. The bank recently changed the minimum payment from 2% to 5% and that will make it hard for me to meet the minimum payment. My credit score is in the low 700’s
I called the bank and complained about it and they said that I have two options:
a) Payment plan with an interest rate af 12% for 60 months; I’m sure I can get a better rate from my local credit union.
b) Settlement, ,000 that can be paid in 2 installments.
I’m very tempted on taking the settlement, but how is it going to affect my credit ranking? I really don’t expect applying for anything in the next few years, but you never know. I know I have to pay taxes on those ,000
Thanks for your input.
I can't afford an attorney (if I could, I wouldn't have to file bankruptcy), but I'm pretty smart and I have heard of people filing their own. That cuts out the attorney fees and leaves the filing/court fees which can be paid in installments. So I am wondering if anyone else has filed on their own and how hard it was. Thanks!