Debt Settlement
I read an Liz Pulliam’s article on Why Credit Counseling Often Fails this week. It’s sad that so many people pay debt management companies to write their budget and reach a settlement with their debt collectors and then end up in default. One thing that struck me was that debt collectors are now starting to [...]
by LEO™ If you are having financial difficulties right now, you have plenty of company across the nation. Financial woes have become front page news and stories abound across the internet about families who are in trouble with debt, foreclosure and unemployment. If you are being hounded by debt collectors it pays to know the [...]
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With the current economic situation, many people are having difficulty paying their bills. Banks, mortgage companies and lenders will often work with you to allow you time to get back on your feet financially. One of my creditors cut the interest rate drastically and the payments in more than half for 6 months to help [...]
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Just a quick note to say that I got Capital One taken care of today. It cost me almost $300 more than it would have cost me if I could have settled it last month but at least it’s done and off my mind. The lesson here is not to make an agreement that you [...]
by Articulate Matter Two weeks ago I wrote that I had reached a settlement agreement with Capital One. This settlement was based on two things, I should have had my tax refund back by February 28th and if I didn’t a friend was going to loan me the money in the interim. Thankfully, I would [...]
by SqueakyMarmot I negotiated a settlement with Capital One today. Somehow I don’t feel like celebrating. I do feel tremendous relief as the stress of having them hanging over my head was incredible. I also feel like I could kick my butt for having gotten into this situation in the first place. The settlement was [...]
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by Martin Kingsley Most collection agencies buy packages of loans that are in default for pennies on the dollar. They are bound by a different set of rules than the original creditor and there are differences in the way that you should negotiate with them. The first step is to have them validate the debt [...]
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So NCO called again tonight regarding my Capital One account. According to my Caller ID, they begin calling at 7:25 in the morning and their last call of the evening is about 8:55. Usually when I pick up the phone, there is no one there even if I wait a second or two. I hate [...]
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by rick If you are being harrassed by collection agencies, there are a few things you need to know to fight back. How do you know whether to make a payment to the original creditor or to the collection agency? How do you know whether they even have the right to collect or negotiate your [...]
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