How to settle with a rip off

Date: Wed, 01/30/2008 - 10:58

Submitted by anonymous
on Wed, 01/30/2008 - 10:58

Posts: 202330 Credits: [Donate]

Total Replies: 2

I had a judgement placed against me by an attorney representing Discover/Arrow Financial. I did not attend the hearing as the rip off settlement company I was with told me they were getting me a settlement and an appearance was not necessary! I called the attorney to see if I could negotiate and he will not work with me. Says there was no attempt to settle by anyone and I have to pay at least $10,000 of the $12,000 balance (includes interest and late fees). I offered him $7000. but he won't accept it or set up payments for the $3000. Suggested I get a loan from a bank. I told him with my credit that won't happen but he says I have to try and show him the rejection letter and then maybe he will talk payments. What would you do?

I often work out agreements when one of my accounts sends me a r

I often work out agreements when one of my accounts sends me a rejection letter from a lending institution. It depends on the account and the arrangement though.

lrhall41

Submitted by FYI on Wed, 01/30/2008 - 12:17

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Do you own property or anything that they can put a lien on? If

Do you own property or anything that they can put a lien on? If so get a loan against that before they do. If not the only recourse they have is to go for salary garnishment which is the same as payments anyway! I would get the rejection and send it to them. I have heard this way too much lately with settlement companies. You are not safe from lawsuits if you are in settlement. You are actually more vulnerable because it sends a red flag up that you can't pay your creditors. They want to be first in line so they sue!

lrhall41

Submitted by Frogpatch on Wed, 01/30/2008 - 12:36

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