I talked today with a lady regarding my 57 day late Advanta bank corp account. First of all she mentioned to me debt management, I then mentioned to her that dmp would not help my monthly payments be lowered and I mentioned debt settlement. She then told me that they do not deal with DS companies as they require them to "sell" my account and they don't do that. I had never heard that before. And she also said that as of the 30th my account would leave her department and so somewhere else, collections I assumed. I explained my situation to her and she wasn't rude but she still was wanting me to make a whole payment when I had just explained that I could not. We then got cut off when I went down into a bad cell phone place. If they don't deal with DS companies, will they deal with DS lawyers? Reason for Editing (Minimum 15 Characters)
Asked on 11:23 am Sep 23rd 2008
Anonymous
0
You will be 1099'd (taxed) for 2009 proportionate to the difference between the settlement and the $12k balance. I wouldn't consider anything until January at the earliest. Reason for Editing (Minimum 15 Characters)
Answered on 6:15 am Dec 17th 2009
Anonymous
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How late are you? How long did it take to get an offer? Reason for Editing (Minimum 15 Characters)
Answered on 3:19 pm Dec 17th 2009
Anonymous
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Back in July I told Advanta I will not pay the 35% interest they want to charge me. They began calling me at all hours and even early on weekends. At the time, I could tell those callers were in some sort of a sweat-shop in India. Reason for Editing (Minimum 15 Characters)
Answered on 6:24 am Dec 18th 2009
Anonymous
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Advanta will participate in a Debt Management plan Reason for Editing (Minimum 15 Characters)
Answered on 7:48 am Dec 18th 2009
Anonymous
0
How it's going to work: Reason for Editing (Minimum 15 Characters)
Answered on 10:56 am Dec 18th 2009
Anonymous
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So does this means Phillips and Cohen bought my debt from Advanta or is this something that will evenetually come to be? Who the heck owns my debt? And how do I know if I settle, will Advanta's account show a $0 balance??? Reason for Editing (Minimum 15 Characters)
Answered on 4:58 am Dec 19th 2009
Anonymous
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Debt buyers are not really in the market right now. And to the extent they are in the market they're offering insanely low amounts. But in Advanta's case they know they can get it for less in the JDC program, so I doubt they're offering Advanta anything at all at the moment. In short, you're safe for now. Phillips and Cohen is just a collector, not a buyer. Reason for Editing (Minimum 15 Characters)
Answered on 8:44 pm Dec 22nd 2009
Anonymous
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Wife checked our CR today. Advanta Charged Off my Balance after my last call with that dick I had. Reason for Editing (Minimum 15 Characters)
Answered on 12:22 pm Dec 28th 2009
Anonymous
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well you will either have to call them and see were it went, or wait it out till you eventually hear something as to were it went. alot of times when this happend to me they didnt even know were the account went. so you may have to wait it out till you hear something [url=http://saving-money-during-a-recession.blogspot.com/2009/01/provanta-corp-unsecured-debt-solution.html">my blog about saving money during a recession, And my personal story about Provanta's debt settlement program and how it worked for my family
Reason for Editing (Minimum 15 Characters)
Answered on 12:41 pm Dec 28th 2009
0
Like a Junk Debt Buyer? Reason for Editing (Minimum 15 Characters)
Answered on 3:04 pm Dec 28th 2009
Anonymous
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