Cash Call Default?
Date: Sun, 07/10/2011 - 20:20
I am in good standing with them but feel as though I will never get out without a lot of financial duress. I called a different consolidation company and they said Cash Call does not negotiate unless you default. So I would have to default and then work out a settlement once the interest freezes.
Are there any other options? Would Cash Call go along with a settlement or would they try to sue? I feel as though I have paid enough interest on this and just want a settlement where I can pay off the balance.
- thanks
I have not personally dealt with Cash Call. So, it will be diffi
I have not personally dealt with Cash Call. So, it will be difficult for me to say. But usually, lenders refuse to work out a settlement unless you are delinquent on the loans.
re
Thanks. After calling a couple more debt consolidation places, defaulting does not look like a very good option. Defaulting would trash my credit to the point of not making it worth it so I will default as a last option.
I have decided to get serious about improving my credit score and then will pay off CC with a better loan once my credit improves. I am actually not that far away.
re
I am in Michigan.
I tried that. They probably will not sue since its not legal in my State but, it is on my credit report and the default would be too.
Why is there something I am missing?