I will be sending a couple of PFD letters to collection agencies and hope that they will bite and agree to delete the debt from all three bureaus. My question is if the collection agency does delete my file that would be great but how can I get the orginal creditor to delete the charge off since they sold it to a CA. I would be paying the CA and not the original creditor so why would they delete. This means it would still be a negative mark on my report.

First post and just starting the process... I'm unable to pay my debts due to numerous negative developments over the past 5 years - telecom employer went bankrupt, unemployment for a year, divorce, and more. I've stopped making payment to creditors in an attempt to get close to break even and stop overextending beyond my net pay while I try to negotiate settlements. If I can't settle with all or most I might still ahve to file Ch. 7. I have 3 accounts with AMEX - Green Charge, Blue Credit, AMEX Starwood Credit.

This company is bankrupt. We are considering doing debt settlement with our home and business unsecured debt. We are looking into all options. The other day I was speaking with a lawyer from out of our state and he just mentioned to me "Why are you still paying Advanta when they are bankrupt? At this point it is highly unlikely they will even contact you." I am new to this forum and I am just in information mode right now. Advanta is one of our lowest debt but highest interest.

In way over my head with PDL's. Cash Net USA $565.71 Instant Cash USA $300-original loan-not sure total due now Pay Day One $1153.07 Arrowhead Financial $300-original loan-not sure total due now Pack Management-got collection letter from them today $600.67 Zip 19/Northway Financial $957.86 Thankfully, have second bank account, but first one is so negative and I cant close because it is negative, have issued stop pays but some are still going through. Not sure where to start. Please let me know where to go and what to do. I reside in IL. Thanks so much!!

thanks for the help in advance. i am in a pickle financially as most here. i am going to file bk again (last straw before i lose my house). i filed a chapter 7 in fall of 03 discharge in spring of 04. i was married and filed in my name only (i assumed a ton of debt from my wife when married in 01). due to new laws past a couple of years ago can i file a 7 again or do i have to go with a 13? could i file a 7 jointly if the time frame is to short? Thanks again for the help!

I've checked my credit report and none of my accounts have been sold yet; all but three have been closed. What is the first letter I send and to what address do I send it to? The P.O. Box listed? How long will these creditors wait for their $ ? I'm 120 days past due. I'd like to work this process like a settlement company would do, is this a reality for regular folks? Appreciate all the advice.:)

I called court today, regarding the alleged judgement against me, from 2004. Original file has been destroyed. Was given name and number of Apline Credit attorney. Which, after a quick search shows up as: Machol & Johannes LLC/PC 600 17th St STE 800n Denver, CO.

Can i be charged with fraud if I put false references on a loan application which i defaulted on?

Today I got a call from an irate person telling me I still owed 1500 dollars from a payday loan. He said that I could no longer pay it back because the sheriff was coming tomorrow to arrest me for fraud. I probably got the advance, then when it came time to repay the loan I didnt have the money so the payment was returned, leaving my account in the negative status. Now the bank has closed my account due to the negative status. The guy (who barely spoke English) told me a hundred times that I had to go to jail with the sheriff tomorrow and an attorney would be given to me.

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