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for debt settlement do you have to prove income and insolvency?

Date: Thu, 09/15/2011 - 22:19

Submitted by anonymous
on Thu, 09/15/2011 - 22:19

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Total Replies: 5


I have tons of debt and personal loans which aren't listed, plus expenses that are greater than what i take in- i can't provide proof for personal loans and the rest of my expenses exactly. what must you show the banks?


I've settled 5 accounts so far. The banks ask for numbers over the phone - income and monthly expenses. I've never had to provide any sort of proof of any of it. Also, I specifically have said "you would see that if you checked my credit report" and had them reply "we don't have access to your credit report."


lrhall41

Submitted by yogagirl on Fri, 09/16/2011 - 05:56

( Posts: 32 | Credits: )


I slayed my plastic masters through settlement.

Can't recall ever having to prove my income to any of them other than saying that it had been greatly reduced.

Regards,
King "Kash" Jabba Labba


lrhall41

Submitted by King Jabba Labba on Sat, 09/17/2011 - 05:20

( Posts: 507 | Credits: )