National Action Financial Services
Date: Wed, 05/13/2009 - 18:41
I rec'd a notice of settlement from NAFS for Chase credit card the owed amount is 5680.78 and the settlement amount is for 1704.23. Should I hold out? The problem is i don't have 1704.23 may be a couple of months before I do. What should i do this is the first offer. If i don't go along with it what will happen? Thanks
You can either let them know what you have to work with, or requ
You can either let them know what you have to work with, or request the settlement to be paid in 2 or 3 payments. And make sure you get a settlement letter before you pay a dime.
It is a good offer and I think that you should ask them for a pa
It is a good offer and I think that you should ask them for a payment plan and settle the debt. If you do not settle the debt, the creditor may bring judgment against you to recover it which will adversely affect your score.
You will recieve a 1099 for the diffrence which you will have to
You will recieve a 1099 for the diffrence which you will have to claim as income on this years tax return. You would also want to stipulate that NAFS not sell off the remaining balance to another JDB or you will see this again in the future.
