I can see the light at the end of debt tunnel
Since I posted this, there has been lot of things happened with James Lombardo. I do not recommend him any more. He took $3200 of my money for fee of settlements that never happened. He has not work on any of my accounts at all. I settled almost all of my accounts by myself because he did not do any.
I settled 7 accounts since I posted first page. I used medical reason for my hardship and told my creditors I would not have regular income from work for some time. Some of creditors like Amex-NCO & Citi was easy to deal with. They were eager to offer settlements of 55 % and 40% at few days from charge off.
US bank was tough to talk down to the range I want to pay. US Bank end up costing me 70% of balance before charge off.
I am now down to one Sears account at this point. It has been charged off and sold to CA. (according to Sears-Citi, but my credit report shows no change of ownership ) I sent DV letter and waiting on their reply. and will find out who ownes my account from it. I will send settlement offer if they send me verifications I requested for this account.
I used some tricks such as using medical reason for hardship and " help from family member for settlement" and wait till just charge off for settlement offer and not talk to them until they are ready to accept my offer after all all they want is my money. Citi was not talking until my account reached close to charge off then they send me a letter for 40% settlement. James Lombardo manage to mess up on this letter by not doing anything until it got charge-off. Thanks to him I ended up paying 55% to close this account but he managed to lie and took 3200 for settlement fee even before settlement of the account.
I am breathing much freely as of now. I just need to settle one more then CC card debts are out of my life. It feels great to be free from CA calls and letters. I can start new chapter of my life with out credit cards.
Thanks for your update! I too am an exclient of James. And its good to hear from you that you were so successfull at doing this yourself. Good job! It gives the rest of us hope.
it's a shame that he has taken advantage of so many people who had gone to him for help. Good for you for "keepin' on keepin' on!"
I am in the process of putting a plan together to settle my cc accounts my self. What should I do first? Am being sued by one now, thining the debt settlement company Hess & Kennedy had communicated with them. How do you know when an account is going to charged off. Thanks