Debt settlement

Thank you all. Im going to try to be patient.....I heard its an agonizing year....that first year.....at the moment I just started being late for my first time to all my cards....scary

it is scary, but if you ever need to feel better just come on back! we have all been there. If you do it right, this year will be the worst in your life. But you can tell yourself that you will be rewarded for your sacrifice. Just keep telling yourself how good it will be when its all over. and that this was a matter of necessity.

Most of the poeple on this forum have had some type of debt trouble and we know what your about to go through. My suggestion?? if you dont have one, get a answering machine or voice mail so that you dont have to deal with the calls if your having a bad day.

But no matter what it is the most important thing and that is patience. Once you start this process you must follow through no matter how bad it gets! Good luck to you!

Thanks to all. I guess I will just be patient....I heard the first year is the worst and then it getts better....I just started being late for all my payments.....its going to be a long year.

I think the first year also seems the worst because you havent settled alot yet. till you reach the second year, they are mostly all getting settled and you may be down to like 1 0r 2 and you see the end in sight. The first year though feels like you have such a long road to go. I think that is why the second year is not too bad because usually you are seening progress till then.

am looking for someone who would like to share his/her story for a major German newspaper. The story would be published anonymous and I also would be able to reimburse you for your effort. Ideally the person should work on getting out of debt.
let me know, I would really appreciate if you could get back to me,
josefine

It may be the norm to wait for a year or so for debt settlements, but 2 out of 3 cards I gave to Swiftrock have now went into court proceedings, and these are not threatened court actions... I have court dates set this month. I'm still paying Swiftrock and now am going to have to pay whatever the courts assess to me, and I have no money left for a second payment toward those cards. I can either pay Swiftrock or the cards, but not both. And Swiftrock keeps telling me they'll settle. Sure, right there at court they will. I can't seem to get Swiftrock to answer how they are going forward with this since I've paid them so much and I still have to do the negotiation on my own. I have no idea where the 3rd card is, but I expect it to go into court action as well based on the first two cards. Swiftrock has been very good with talking to me, but they have done nothing to show me that they are ligit. They won't answer what their plan of action is, whether I can get at least a partial refund since they are not doing the negotiation, or what will happen to my payments to them if I get a judgment or lien against me. I shouldn't have to pay them based on the cards that they did not end up negotiating. I'm just saying, although Swiftrock is very courteous to me, they simply will not answer my questions that I've repeatedly asked.

I went with XXXX. My representative is IAPDA Certified (International Association of Professional Debt Arbitrators). I actually verified their certification on the iapda.org. I was treated with respect and they did a great job of helping me understand the process.

not all settlement company affect you credit because i find a company for deal my debt and the guy tell me this not affect my credit if you pay late affect your credit

I have mixed thoughts on your post.. i mean i know you have a lot of debt, but is there any way you can consolidate within the creditors? reason is that , like you said. they will want you to pay payments that are tough to meet and you still got to pay 4 people and put food ont he table and pay for your house, power and other bills.. if you had the money to pay it all, you woldnt be in this spot..

when is the right time? well its all a gamble on how long you can go and how long you can wait. If they sue you, then its a lot different then if they offer a settlement.. i got an offer for 70% or .70 to the dollar.. and its a great offer, but i cant afford the payments they want @ $3318 for five months, so i have to gamble again and might try to wait one more month to see my new offer/ option.. i could shoot myself in the foot but it is what it is and i am limited on income.

"guest" if you are in a settlement company that is what you do stop payment. so it does effect your credit. you may want to be sure you are in consolidation or settlement, i think you may be confused

has anyone heard anything about action financial?

Yes , Action Financial markets for several top debt settlement and non-profit credit counseling companies.

DO NOT, I REPEAT DO NOT DO BUSINESS WITH SWIFTROCK FINANCIAL!!! As a former employee, believe me it's a ripoff

Obvious advertisement deleted - ND

What the Heck

Mods please DELETE!!!

WHAT EVER YOUR COMPANY SUCKS AND THEY JUST GET YOU INTO FURTHER DEBT