Settlement Payments

Date: Fri, 07/02/2010 - 11:51

Submitted by Greg Andrews
on Fri, 07/02/2010 - 11:51

Posts: Credits: [Donate]

Total Replies: 2

Is there an advantage to working with the lender who has charged off my 2nd (Home Equity Loan) vs. letting them send it to a Collection Agency and then negotiating payment with them?

Yes, it is always better to deal with the original lender or cre

Yes, it is always better to deal with the original lender or creditor than the collection agencies. Moreover, in order to remove the charge-off you will have to deal with the lender.
Quote:

Is there an advantage to working with the lender who has charged off my 2nd (Home Equity Loan)

and Quote:

letting them send it to a Collection Agency and then negotiating payment with them?

are two contrasting statements. I am confused. In the first sentence you are talking about a charge-off, and in the second one you are talking of letting the lender send the account to collections. However, an account is automatically sent to collection agency when it is charged off.

lrhall41

Submitted by SC on Fri, 07/02/2010 - 22:24

( Posts: 3937 | Credits: )

Yeah it could be possible to do so. You need to just arrange a m

Yeah it could be possible to do so. You need to just arrange a meeting with the officials personal for that and there should be some written agreement on this so that it can be secure from you side to the matter.

lrhall41

Submitted by alencooper on Sat, 07/03/2010 - 06:19

( Posts: 3 | Credits: )