What is your opinion
Date: Mon, 01/07/2008 - 18:33
Also, the bank (In-house lawyers) told me that if I am able to settle at a later date, we could discuss settling at 50%. Do you think they were giving me a load of bologna or will they let me settle later if I am making payments.
I am asking because I was being sued for a debt, this was causing me a lot of distress and I made arrangements to pay the amount of the debt in monthly installments. I figured this way if I could pay more on it at times, I would be able to pay off the debt faster. I don't know much about this but I did not want to go to court. Also, I am not disputing this debt, I do owe it but just could not pay.
Any thoughts.
bills
Of course, it depends on your situation. Which one would be better for you? Also....how much is the debt (if you don't mind saying). To whom (if you don't mond saying)? Do you think the bank/company would 'work with you' on making payments?
It is pretty big debt about $17000 and it is with Chase Bank. T
It is pretty big debt about $17000 and it is with Chase Bank. They did work with me on a payment plan already. The reason I went with setting up payments on the full amount were for many reasons:
1. If I went to court I would probably have to pay the entire amount anyways because I do owe this money and it was only 1 year ago that I stopped making payments.
2. If I went to court they would garnish my wages and I would be paying forever
3. If I set up a payment plan I could pay what I could and maybe get it paid off earlier
4. For the peace of mind of having it settled (I was quickly falling into a depression because of it)
5. If they are telling me the truth, if I can save enough money, I can settle down the road. (This whole process has left me not trusting anyone anymore.)
What do you think. Did I make the right choice?
Can you squirrel away some $$$ towards a settlement offer, and s
Can you squirrel away some $$$ towards a settlement offer, and still make the payments?
Do you have a tax refund coming?
That is what I was hoping I could do. My question is was the gu
That is what I was hoping I could do. My question is was the guy just giving me a bunch of bologna or do they settle even though you are making payments? Like I said, I just don't trust anyone. The settlement would be around 8000 and I already have about 3000 saved towards it. I hope they give me a settlement. I do not want to be paying this for the next 5 years.
They could give you a settlement pretty much at any time so I do
They could give you a settlement pretty much at any time so I don't think it would be a load of bull for them to tell you that. However, be aware that they can choose not to settle with you. Save what you can and when you have enough to close out at half then call em up and see if they will take it.
I don't think he was handing you a bunch of bull. Because I am d
I don't think he was handing you a bunch of bull. Because I am doing that with a CA that I am dealing with. But what I am doing is making the monthly payments to them, and any extra I am sticking away for a settlement down the raod. So instead of giving them the extra money if you have it, put it in a savings account and when you get a good amount in there, then you can try a settlement with them.
Thanks. That is exactly what I was going to do. Same the extra u
Thanks. That is exactly what I was going to do. Same the extra until I had enough to make a settlement. You guys have put my mind at rest - Thanks again.
Didn't realize I hadn't signed in
spatterson... bologna is some actual processed meat from pig gu
spatterson...
bologna is some actual processed meat from pig guts etc and has always been my favorite sandwich!!!...
glad you felt you at least got that from someone!!!!
continue to not trust anyone and require validation forget the bologna and bull or bull balls when processed for consumption ..and become a vegetarian if needed !!!
