Will paying his half charged off debt be worth it?

Hi Allyson

Welcome to the forums.

Since you are stationed in Germany, the creditors cannot take any sort of legal actions against your husband as the FCRA laws are different across borders. They will be able to take any action only when he returns to the US.

However, it's better to pay off your debt as you are responsible for it. Send a copy of his divorce decree to his creditors. They will agree to receive half of the debt from your husband only.

Regards
Roxette

I already have forwarded a copy and they said that they will come after him for the full amount if he is the only one paying. That's why I am leaning towards paying his half and seeing what happens.

Legally, the other half is supposed to be paid by his ex. So, the creditors won't be able to take any legal actions against your husband after receiving the decree that mentions about division of debt.

Also, your husband needs to be in US to face fdcpa laws. It is because he realizes his moral duties; he is paying towards his debt in spite of being out stationed to another country. Please get proper receipts of your payments made to the account for sufficient proof.

Regards
Roxette

Hello,

I have a charged off debt. I have received 3 offers from the credt card company. One offering me a 50% discount with a monthly payment of $40, one with a 30% discount with monthly payment of $20 and one with a $10 a month payment until it is paid in full. The entire debt is $544. It would state "satisfied in full."

I have been told that it I take one of the 50% or 30%, then the account could be sold to someone else for collection for the rest. I've also been told that it makes no sense to pay the debt since it's been charged off and will still stay on my report for the 7 years, and that if I did pay it, it would stay on there for 7 more years starting from the date that it is Satisfied in full.

What do you suggest?

Hi Robert

Welcome to the forums.

You need to first see if the said debt is within the SOL period or not. You can see the SOL of the state where this account showed last activity. If the account is past the SOL period, you can't be legally forced to pay it. Do keep in mind that if you pay anything towards this account, your SOL timeframe will begin from the starting.

Your credit file will be nicely viewed if you have 'paid in full' or 'paid as agreed' statuses posted in it. Do not accept the status 'settled' in any case as this will hurt your credit badly.

In which state did your account show last activity? I will be able to suggest you more after knowing the SOL of that state.

Regards
Roxette