debt settlement?
Date: Thu, 05/17/2012 - 08:50
I'm wondering if debt settlement might be a viable option for my daughter.
Her situation:
She owes 20,000 in medical bills (many have gone on to collection agencies)
5,000 in personal loans
We've considered bankruptcy, but she is soon to receive a settlement
from an auto insurance company which includes compensation for unpaid medical bills.
She would rather someone other than her family members handle negotiations with creditors.
Who should I contact?
Also, she has an outstanding student loan for $17,000
Any suggestions on what to do about that?
Her situation:
She owes 20,000 in medical bills (many have gone on to collection agencies)
5,000 in personal loans
We've considered bankruptcy, but she is soon to receive a settlement
from an auto insurance company which includes compensation for unpaid medical bills.
She would rather someone other than her family members handle negotiations with creditors.
Who should I contact?
Also, she has an outstanding student loan for $17,000
Any suggestions on what to do about that?
Her situation: She owes 20,000 in medical bills (many have gone
Her situation:
She owes 20,000 in medical bills (many have gone on to collection agencies)
5,000 in personal loans
Quote:
We've considered bankruptcy, but she is soon to receive a settlement from an auto insurance company which includes compensation for unpaid medical bills. |
The bankruptcy court would probably lay claim the settlement anyways.
Quote:
She would rather someone other than her family members handle negotiations with creditors. Who should I contact? |
Why doesn't she handle her own settlements? It is not that dificult. And a heck of a lot cheaper.
Quote:
Also, she has an outstanding student loan for $17,000 Any suggestions on what to do about that? |
What type of loan?? Federal or private???
