I have entered in a Debt Elimination program

Have you discussed the matter with your consultant? Your post is not clearly explaining the situation. Do you mean to say that your creditors have sued you after entering into the program with Superior Debt Services? And if so, have you lost the case in the court and a judgment has been ordered against you?

Please explain the situation in brief so that some options can be worked out. At this stage, I have not understood the situation clearly.

Yes I had a 760 credit rating, lost my job with over $12,000.00 in credit card debt and was only making the minimum payment each month but was not behind on any payments. I was talked into intering the debt elimination program with superior and told to stop making payment and they would settle the debt for 50% with no interest. I was suppose to start making payments to superior. I agreed to that and entered the program. I have settled one credit card for 50% as promised, have been sued and lost by one credit card woh got the full $2,600.00 owed plus $650.00 attorney fees. I am now being sued by another credit card company and I have about $8,000.00 left to pay superior in the program and 2 more credit card companies to settle with. I have 3 years before my monthly payment to superior will provide enough money to settle all 3 credit cards for the 50% owed plus superior's fees. If you need more info please let me know.
Thanks,
Roy

Yes, I have spoken to my consultant and been told "we are doing all we can, be patient and do not contact the lawyer or reply to his letters." This also what I was told the first time as well adn it cost me while the debt service did nothing because I did not have the money to send them so they could make an offer to settle. As it turned out I lost my money and could not pay me monthly bills and ended up in worse shape.
Thanks,
Roy

Read this reply I posted in the other thread.

Quote:

I am also in a debt settlement program and I'm pretty new to it. I make monthly payments to the settlement company and it does take time to build up enough money to start settling with the creditors. This was explained to me before I signed up with them as well as in my contract with them. It is something that I dwelled over for three months before joining the agency but I knew this was the best solution for me. Did you provide the court with the info from the settlment company?

PLEASE, everyone that is in a debt settlement program where they reduce and settle your debt for half or lower....I cannot stress this enough, PLEASE, you need to stay on top of your company every single day!

It appears creditors are getting tougher out there.

I fax over every letter demanding attention to my settlement company and I mail a copy with my monthly statements to them as well. I call them on a as need basis or every two weeks just to let them know--I am faithfully active and aware of my surrounding resources. They are all upfront with me and take time with me and my questions. If they were to "shoe" me off the phone quickly, I would consider dropping like a hot potato and going the bankruptcy route.

The first credit card company hired a lawyer and sued right away. I did not have the money built up to offer a settlement and they would not deal with the settlement company at all. They sued and got a settlement within 6 months of me stopping payments on the card. The settlement was not able to get a line of negotians open with them at all.

Credit card companies are not forced to work with the settlement companies. Your explanation and taking care of the matter is the most important concern in front of them. They need to understand that you won't be defaulting in your payments again before any arrangement is made. Tell them your side of the story and get your consultant also involved in the matter before another company takes decision against you.