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  1. Thanks for your insight. I'm assuming you mean this for when they have already sued and we have to go to court, correct? How about negotiating with them for a small settlement and removal of tradeline and never resell before they sue?
  2. Hi Art, thank you for you comment. I hear you on having Cavalry prove they own the account, but I have the feeling that since it is a sizeable amount under 4k , that they will go through the hoops to get Cap one to give them what they need to support a lawsuit against me and then add thousands more in fees. I verified with Cap one that they sold it to them and it also says it on my Transunion credit report; "Sold To Cavalry". What do you think? I keep reading some people having succces DVing Cavalry and them going away and deleting their TL, but I have the feeling those were little amoun
  3. thanks for your reply. I remember a couple yrs ago this forum was very active.
  4. Hello guys! Sorry for the write up!! A couple of years ago I settled around 5 credit cards that were charged off and the OC hired CA to collect. I settled for between 10% and 15%. I was also sued by Discover and ended up settling before the court date for 16%. Some here would cringe at the fact that I paid, but at the time I really wanted to get this over and didn't want to chance another lawsuit and the stress. 2 yreas later I am still left with a few charged off accounts that would not budge and wouldn't agree to a low settlement. Two still with OC and another sold to Cavalry. I am co
  5. Hi LionHunter and Clydesmom, congrats on achieving your goal of getting your credit cleaned up! I'm looking up to you now!! I am trying to get started with cleaning up my credit as well and wonder if I will have any real impact on it. I settled several credit cards back in 2012 that were showing charged off and then Settled for less than full. These were with citi, boa, chase and discover. Is it possible these days to attempt to get them deleted by disputing them online with the credit bureaus via their websites vs mailing certified letters? What is the approach to start with charged o
  6. Thank you both for your reply. I have been reading so much that it actually hurts, Lol.. I had a few if you don't mind. 1) The agreement you posted for me to download Linda. It has Jams and it is for 2009. BUT the only place where there is a date on the agreement is on the "Pricing Schedule" which has a disclaimer stating this is only an example and one will get the true terms based on the offer I applied. Can I use this agreement when sending my MTC as valid? Won't they be able to say I just had a sample that that real one doesn't have JAMS etc..? 2) I defaulted in 2011. Will they dig up
  7. Thanks for your reply. They sued me in small claims court. Which is a bit different from what I read most memebers here posting about with them having to send a response and whatnot. I did not get anything to send back to the court, just a court date to show up. How do I get still have to send a MTC to the court and request a hearing or how do I get JAMS started in this case? Should I just Appear in court and give the MTS or MTC to the judge that day? I am afraid I missed a deadline for something here not knowingly. thanks
  8. All offers have "settled in full if received by such and such" so you think these are good offers then. Assuming that the OC follows through and comply with what's on the settlement.
  9. oh yeah.. I am gearing up.. the ONLY thing that I would like to know better is whether it is worth to settle now on a few like 1) BOA on a second mtg that settling for 10% and that would release the lien on the 2nd. Any other way to fight this one to get it released for less than 10%?? I'm all ears.. 2) Chase.. they offered 20% on two accounts. If I fight them, will I get a better deal? 3) Discover.. I am gearing up to follow with JAMS.. but then again.. will it be worth it? Can i expect them to settle for like 10% even at the arbitration? they offered 60% now to NOT go to court. that is my
  10. thank you guys,, and Linda for the Agreement. So on a balance this small can I expect that the Attorney will be offering me a low Settlement, if so, historically with Discover, what can I expect? I am trying to figure out if all this time I will be investing in fighting this account is worth it in savings and risk. Worst case scenario would be to let the arbitration determine the amount? in that case, how is a settlement determined and why would it be favorable to me? thanks
  11. thank BV80... I read them through before posting.. thank you .. that was really helpful info from Linda. What I really would like to see is what kind of numbers I will be looking at based on members' experience only.. i know no one can tell me for sure, but since I was offered to settle for $900 on a 1500 balance, I wonder how much better I could do by going the arbitration route.. I know I have to pay at least $250 for my fees with JAMS (it it is jams) but read some paying zero and getting it forgiven,... or is it more likely to get an offer for a 10% or 5% settlement prior to arbitration or
  12. Linda, any chance you take a peek at a thread I just started regarding arbitration when you get a chance? thanks a lot sorry couldn't post a link due to not having 20 posts yet!
  13. Trying to decide if Arbitration is right for me vs just settling for 60% before court. In a nutshell: Discover sued me and I was served a week ago. I tried settling with them for months but they never allowed an offer better than 80% (the attorney's CA) and now after they sued me about a week ago I was able to speak with the attorney and he agreed to settle for 60% and would move the court date to November. I have to pay the 60% by then in order to get this settled and out of court. I have yet to receive this "settlement offer" in writing in the mail, since it was just agreed upon last last