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 Posted: Thu Apr 03, 2008 5:41 am Subject: HFC How difficult are they?? Need to settle!! |
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I am trying to do a settlement to pay off my loan with has been in default or more than a year with HFC and they have sued me. I am tying to get a 35 to 40% lump sump settlement but they are so difficult to work with. Does anyone have any success stories dealing with them. Please do let me know ..Thank you
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debtinlv
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| Posted: Thu Apr 03, 2008 9:38 am Subject: |
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Is HFC Household Finance which is now HSBC. If it is they are extremely uncooperative. They ignoed my letter and had a law firm take me to small claims court where I was railroaded into paying 600.00 in costs!
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frogpatch
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| Posted: Wed Aug 20, 2008 11:27 am Subject: HFC Settlement |
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Hello, I checked out my HFC/HSBC stats and learned that our office typically settles HFC accounts for 35%-50% of the balance. They can be difficult, and if I were you I would count on settling for approximately 45% of the balance. If your account was placed with an attorney through the National Attorney Network, this shouldn't be a problem. Good luck
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nomoredebt
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| Posted: Wed Aug 20, 2008 11:30 am Subject: |
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Typically local finance companies like HFC , Beneficial , Citifinancial and American General can be difficult to settle with and usually don`t settle as low as credit cards ,but they will settle.
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mobile0311
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| Posted: Wed Aug 27, 2008 9:53 pm Subject: Settlement with HFC |
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I an 131 days delinquent and I owe $11888 (original balance $10000) I would like to settle this account. What are my chances at this point? How long will it take to sue me in the state of GA? Thank you.
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slb2005
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| Posted: Thu Aug 28, 2008 6:37 am Subject: |
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Its hard to say. I would save as mach as you can each month so it it goes to litigation before you have enough to settle you can try and work something out even if its a structured settlement. Is the account still with HFC or has it been charged off yet and sold to a 3rd party?
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mobile0311
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