Finally FREE from the plastic
Date: Mon, 02/21/2011 - 18:16
BofA was the first to settle mid Jan of this year. We were at $22,000 and they accepted $6300 in one lump sum mid Jan
HSBC had a balance of $23,000 and it settled at $8000 mid Feb
Today I settled with Citi. They sent it to collections at day 112 and the way I found that out was on day 114 I called to make a settlement offer. They said since it went to collections they would not discuss it with me and I needed to wait for the law firm to contact me. They finally did and I offered them less than what I was ready to offer Citi on day 114 as a starting point. They said they would have to get approval and they did. It settled for $6400 on a balalce of $15500.
I settled over all for roughly 33% and saved over $38000. It was a long journey with a lot of stress, but I came in here almost daily and read every thread over and over. I also have started working on the inslovent work sheet and things are looking very good there also.
I think for once in a long time I will sleep like a baby full of warm milk tonight. Thanks for all the support this site has provided.
Congratulations on a great job! You deserve to sleep well! Enjoy
Congratulations on a great job! You deserve to sleep well! Enjoy! You will be an inspiration to many others. Thanks for the share!
Woo hoo! Congratulations! Enjoy tonight and every other night'
Woo hoo! Congratulations! Enjoy tonight and every other night's good sleep.
Congratulations :-) It's really good to hear that you've settled
Congratulations :-) It's really good to hear that you've settled all the 3 credit cards that you had and as Frogpatch says... you'll definitely be an inspiration to many of us here...
Congrats! I'm in a very similar predicament. I have about $17k o
Congrats! I'm in a very similar predicament. I have about $17k or so of charge-offs, which have since been passed down multiple companies.
I have no clue who to start contacting but I am determined to start getting this off my back. My last payment on all of my accounts were summer of 2009.
You can get hold of your credit report in order to find out the
You can get hold of your credit report in order to find out the names of the collection agencies and the amount of debt that you owe them. Once you get to know that, you can contact a local debt relief company and take their help in negotiating with the collection agencies and paying them off.
Helloall can negotiate with the collection agencies, rather than
Helloall can negotiate with the collection agencies, rather than a debt consolidation company who will charge a fee. I negotiated with a collection agency and settled for 25% of my balance.
