Advanta just called offering 'help'. Need advice.
Date: Thu, 09/24/2009 - 21:42
Ok, backstory. I'm about $85K in debt to four cc companies. About 45 days late.
Till today, I've gotten tons of alls but I never pick up and they never elave messages.
Today I got a call from a senior manager at one of the companies, Advanta. He left a message. He says he 'wants to help'. He's 'stopped the collection calls for now', and it's his job to try to lower interest rates and make a payment plan to get this taken care of.
Well, I dont want a payment plan, I want to settle.
So..my question..do I call him back? I have not put aside near enough to take care of this debt even at settlement..well actually, maybe just this one if they negotiated very low with me, but I'd have nothing for any of the others.
But do I call him just to look like I'm acting on good faith? Or??
And if I do call him, what do I say? How do I handle it?
Could really use some advice here.
Thanks!
Till today, I've gotten tons of alls but I never pick up and they never elave messages.
Today I got a call from a senior manager at one of the companies, Advanta. He left a message. He says he 'wants to help'. He's 'stopped the collection calls for now', and it's his job to try to lower interest rates and make a payment plan to get this taken care of.
Well, I dont want a payment plan, I want to settle.
So..my question..do I call him back? I have not put aside near enough to take care of this debt even at settlement..well actually, maybe just this one if they negotiated very low with me, but I'd have nothing for any of the others.
But do I call him just to look like I'm acting on good faith? Or??
And if I do call him, what do I say? How do I handle it?
Could really use some advice here.
Thanks!
So far the only "help" I have been offered from Advanta is eithe
So far the only "help" I have been offered from Advanta is either a lower interest rate 16.9% I think, or a an offer of a 95% settlement
Yeah, thats not great and that's what I'm afraid of. I know t
Yeah, thats not great and that's what I'm afraid of.
I know this first call wouldn't be what I'd wind up with in the end, but I'm just wondering if it would look better if I returned the call and then said, no, sorry. Or if I should just ignore it.
