I received a summons thanks to Sif...
I contacted another company to help and they came back with an offer from Amex attorneys (Mass based) for full amount with lump sum down, 5 payments and then negotiate balance in 5 months.
No different then a judgment i would think as they are including an agreement for judgement.
Is this a bad deal??? Do i go to court or get an attorney?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.