my bf had debt collectors after him for the balance on his motorcycle.. the motorcycle for whatever reason was financed with 2 loans, but both of which were with GE Money.. my bf settled his debt with GE Money although I’m not sure if it counted towards both loans. GE Money sent him the title to the motorcycle, so does this mean all debt associated with this bike was settled? I ask because now a debt collection law firm is attempting to sue him for the balance of one of the loans associatied with this bike.. can he use the motorcycle title as proof that the debt was settled? I’m just assuming they wouldnt have sent the title to him if everything wasn’t settled… please help, thanks!

oh and by the way, he missed the 30 day window for the debt validation and this company has already mailed him some papers I assume are the starting process of getting a court date/judgement..

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I recently asked for a debt validation on a charged off account and have previously disputed it with CRA’s and still state it’s valid. What I wanted to pin point was the date of delinquency and amount said paid on last payment. Wrote a debt validation letter sent certified. Got a response from the company stating that the information I want is "frivolous" according to Federal regulations because I have failed to prove sufficient information. Letter claims I seem to be working with a Credit Repair Agency, which I have not been and claim the money I am giving them could go to settling the debt. HAHAHA. Just trying to validate the supposed amount owed and who owns it, since Ive been getting collection notices from some other company. ANYONE WITH SOLID ADVICE?

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I have a lot of debt and considering settling these debts without a debt settlement company. Their are many debt settlement programs that promise to save you 50% while other companies promise to save you up to 75% of total debt you owe. How can one company be better then the other, after all, in the end all they can do is negotiate and ask for a lower amount as settlement. I also bought a Ebook that teaches you how to settle credit card debts and payday loan debts on your own. It seems simple enough and contains all the letters that you need to send out and takes you step by step to settle your debt. Their are also many well written letters online. Sure they may be more experienced and save you an extra 0-0, but with the cost of the programs sometimes exceeding ,000, the amount you did save is just going towards the debt settlement program. I’m guessing that debt settlement program is for people that don’t want to dealer with creditors at all because they answer all the calls, send out all the letters such as debt validation letters, and do all the negotiating for you. Whats your opinion.

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