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Send message to laquidal
Sub: #1 debt consolidation
Replied on 11-16-2008, 02:02 PM
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can you file debt consolidation on accounts that have been charged off.

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Send message to t160out
Sub: #2
Replied on 11-16-2008, 02:10 PM
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From what I've found from research, I'm afraid not. Once a debt is charged off it is no longer with the creditor and is now in collections either internally or externally.

This is a good time to try to settle if you can raise a lump sum. depending on the collector, you could save a substantial amount. look around as there's plenty of really good do it yourself info.

good luck




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Send message to SOAPLADY
Sub: #3
Replied on 11-16-2008, 02:23 PM
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Yes you most definately can. Normally when it is charged off it is either placed with a CA or sold to a JDB. You can still do a dmp with accounts in collections or sold off.




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* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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