Michael T
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You should contact the credit card company and offer to pay them. They are going to want the full amount, but unless you are rich you are not going to be able to. Try negotiating a payment plan with them. This could save you a lot more because if it goes to court you may be responsible for all the attorney fees and court cost. You can get some good tips from http://www.your-credit-solution.com . |
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OC1999
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If they have actually filed suit against you, then the time to settle for a huge discount has pretty much gone out the window. They will still settle but it will be for close to the actual amount, how close really depends on the creditor. They are going to want the money before the court date. Because you have not paid up until now, they are not going to make payment arrangements and take a chance you stop paying again.
The other thing you have to verify is if the debt is outside of the statute of limitations. Depending on your state this is anywhere from 2-6 years from the date of the last delinquency. So if you have not made any payments or signed any agreement to pay and are outside of this time you are legally no longer required to pay. You would have to request that they provide you proof of the date of delinquency is within the SOL. If they can't provide that the suit can be thown out. |
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stephen l
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It really depends on how far it has gone, do the attorneys have it, history, etc. Some things are best left to the professionals. They can analyze the situation and get you the best possible settlement. Most collection agents like to take advantage of consumers calling in but also belittle them in an attempts to collect more money. Check out the free evaluation form at the source website. Good luck. |
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acermill
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What makes you think you can settle for anything less than what you owe ?
If the amount owed is $4000, be prepared to have that much handy when you start talking settlement. Anything you get to pay LESS than that is considered a gift. |
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beauty s
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call them and see |
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crazyem
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It really depends upon how mad they are. For the most part, they just want to get it settled, so you won't end up paying the full price. But beyond that it's variable. |
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nunya b
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well i dont know about u being kicked in the butt. i was in the same situation. (owing) my ex husband charged a great deal to a joint credit card before things were finalized and they came back on me. the will usually make u an offer just over half. hope that helps |
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Karen
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is part of that amount for interest and fees? I would offer the original amount owed for purchases. They will usually settle for that....and you are paying what you legally owe. |
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J R
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No guarantee they will settle for less since a court date has already been set. You could try contacting them to see. They may possibly settle for around $3000 and if you don't have it in full then the payment will total way over $4000 because when you're in default you're charged a really high interest rate. Sometimes the rate is the max for your state. It's best to pay them off in full if you have it instead of going to court. Because then its counted as late payments & also a judgement. |
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Kiowa1
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You need to be kicked in the butt for running up a bill that you can't afford to pay... How responsible is that???... You'll "settle" for less than you owe (kinda pathetic) and the credit card company will raise their rates to make the responsible folks pay for your stupidity...
How's THAT for a suggestion???... I have lots more if you need any...
Hope this helped and Good Luck!!! (you'll need it)... |
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NONAME
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if you have been served you wouldn't be able to settle at all. |
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chussey85
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Without knowing your exact situation i would say go for somewhere between $600 and $800. Credit card companies do not like dealing with the whole legal system and will gladly settle. $4000 dollars to them is pennies. |
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