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  1. I have 2 creditcards with them. A visa and mastercard that i have had for about 3 years or so. The past few months i was unable to make payments since i have lost my job. My minimum monthly payments got as high as $1000 for each. I figured that a debt settlement program was the way to go. However, i was offered a hardship program where if i made 3 payments of $177 on my visa and 3 payments $71 on my mastercard, then my account would be reported as current. In addition, they lowered my interest rate to around 8 percent.. Now I read in another post that an individual got a similar settlement wit
  2. I am about to settle an account with MBNA, for 80% of the total. They are using the law offices of Wolpoff and Abramson. I've tried to deal with MBNA directly for the past two days, to no avail. What I would like to do is pay this debt but have it reported to my credit bureau as "paid in full" not, "paid less than total" Can I negotiate that as part of the settlement? We are talking about less than $4,000. Also, could someone let me know what the credit ratings are? for example, if MBNA reports to the credit bureau that the account was "paid less than total" then that would put me at an "R9"
  3. Hey guys, I have an acct with Providian. They say I owe 1964. Its charged off, and has been since 1/2001. They wont talk to me, make me go through collector. I offer collect 40%. They tell me they arent authorized to go any lower that 50%, by Providians rules. Also say they are not authorized to change status on report, except to Paid for Amount Less than. They say this is all they are authorized to do. Im trying to buy a house and have been #@$%$# around with this for months. I am ready to just pay it, and take that status, because my mortgage broker requires it being paid...... I am still
  4. I am confused on many things and need some help. I have been reading all the messages all day and have learned a lot, but having trouble putting it all together. Here is my background first: I have 5 cc accts. DMB-$7600, Providian-$4200, BOA-$1250, Target-$1200, Juniper-$750. I have been paying forever it seems, but getting nowhere. It always was my intentions to pay much over the minimum and pay these off fast, but you all know how that goes. I actually did pay over many times, but still would have to turn around and charge it right back up. My husband is in the military and suddenly just so
  5. I was just sent to summons by certified mail from two different lawyers that represent two different credit cards both issued from citibank. I sent a debt settlement letter to the lawyers back in December but I quess they chose to ignore it. My husband has been unemployed since June and his last Fed. extension check will be in March. I am working a full time and a part time job and am using our 401 to pay off the creditors. My plan at this point is to call citibank directly and explain my situation and see if I can get them to drop the suit and work with me, since I really don't want to deal w
  6. Anyone know anything about a company that will negotiate with your creditors for you and even field their calls? The one Financial Rescue Services charges $50 per month plus 25% of what they save you. In essence they put your monthly payments in a trust and settle with your various creditors as they can. The fees sound a bit steep - but I like that they handle all collection calls. Anyone have comments about a service like this?
  7. Has anyone been able to get a high risk loan to settle a debt? Curious in case I have to go that route. Thanks.
  8. I recently found out that there was such a thing as debt settlement, so i decided to try it. I'm going to have to say that it was terrible. It seemed like the first person you talk to is just a level 1 settlement officer and if you crack them then you talk to a level 2 and so on. I think i had success with one card, i got them to settle for 50% of the balance, and i got them to fax me a confirmation that the account has been settled, but now i wonder if they are just going to sell the remaining balance to someone else. When i asked about a receiving a 1099 she told me that i would. I have a co
  9. My income will be increasing unexpectedly in the near future by about $200 a month. I was checking my options with debt settlement and ran into this. Could someone who is smarter than me take a look and see if it looks better than the typical CCCS? It almost seems too good to be true which of course raises some red flags. Thanks for your help! Pan
  10. I am considering paying OC's for deletion of tradeline from cr. The accounts have all been charged off (1998). I live in South Carolina, so the SOL has run out on all of these debts. Does anyone have any experience with this? Are there any sample letters for this situation? I have seen some of the debt settlement letters that I could probably adapt to my situation.
  11. Hello everyone I am new to this board and I can tell you now that I am glad I found it I need help really bad ! Right now I am with a company by the name of The Credit Network and I really dont see much a difference with the balances on all my credit cards (7) I am about 44,000 in debt and I want to pay this off . I am not working at the time but my husband is .Is there anyone here that can give me advice on what I should do . I have been looking into debt settlement companies . I have also tried to call each creditor and work something out but they want . I am trying to get things in order b