Debt consolidation companies dealing with law offices?
Date: Thu, 03/22/2007 - 15:06
Once a credit card debt has been turned over to an attorney's office, do debt consolidation companies have any recourse, or any "inroads" to helping reduce, shrink, pay down, etc., on the amount due?
I have a $14,000 CC debt that, honestly, I have NO WAY of repaying in its entirety. Yet that is the picture one credit firm (Arrow Financial) told me the legal firm (Mann Bracken, out of Atlanta) will approach -- full payback, no installemtns or paydowns.
And advice? Am I screwed?
I have a $14,000 CC debt that, honestly, I have NO WAY of repaying in its entirety. Yet that is the picture one credit firm (Arrow Financial) told me the legal firm (Mann Bracken, out of Atlanta) will approach -- full payback, no installemtns or paydowns.
And advice? Am I screwed?
It looks like that Arrow Financial has given your file to the la
It looks like that Arrow Financial has given your file to the law firm. If I were you, I will never want to deal with Mann Bracken if the file is sent to them.
I think your creditor has just hired the law firm for collection. Speak with a debt counselor and insist him to do all the negotiations directly with Arrow Financial.
Mann Bracken is a collection firm. They do weigh the cost of tr
Mann Bracken is a collection firm. They do weigh the cost of trying to collect/filing a lawsuit against any offer of settlement even from a debt settlement company. There are reports of them violating fdcpa, so be prepared.
