MJMMDMM Posted May 13, 2003 Report Share Posted May 13, 2003 Does anyone know if dicover will settle for less then owe, or at least minus the lates & over then limit fees, Link to comment Share on other sites More sharing options...
techgoddess Posted May 13, 2003 Report Share Posted May 13, 2003 It probably depends on how late you are. I just settled with discover for 60% but it had been charged off for well over a year. Link to comment Share on other sites More sharing options...
tolstoy Posted May 13, 2003 Report Share Posted May 13, 2003 Were you able to get them to update your tradeline, or does it show up as settled for less than full balance? Link to comment Share on other sites More sharing options...
techgoddess Posted May 13, 2003 Report Share Posted May 13, 2003 No, they wouldn't bend. I'd rather have a paid chargeoff than a judgement. Link to comment Share on other sites More sharing options...
md Posted May 13, 2003 Report Share Posted May 13, 2003 I got them to settle for 50% at 5 months late...not yet charged-off. Link to comment Share on other sites More sharing options...
tolstoy Posted May 13, 2003 Report Share Posted May 13, 2003 Ok. I haven't heard anything to the contrary about Discover. My big chargeoff is Discover, so it looks like I'm going to have to do the same, settle for a Paid listing.They are supposed to be the hardest to deal with. Link to comment Share on other sites More sharing options...
techgoddess Posted May 13, 2003 Report Share Posted May 13, 2003 Do the best you can. I was in a hurry to settle because they were trying to sue me. I might have gotten a better deal otherwise. Link to comment Share on other sites More sharing options...
md Posted May 13, 2003 Report Share Posted May 13, 2003 Depending on your state, you could try paying them with a restrictive endorsement on the back of the check and then deal with it after the settlement has gone through. This would of course depend on your state and whether such a tactic is enforceable in a court of law.I did this and will write a letter in a week or two to the creditors I did this with and demand that they mark the TL as is indicated and agreed to with respect to the restrictive endorsement. I will let people here know when and if this works. Link to comment Share on other sites More sharing options...
techgoddess Posted May 13, 2003 Report Share Posted May 13, 2003 Discover's CA actually told me to write on the check, "upon acceptance of this check the account is settled in full." Link to comment Share on other sites More sharing options...
Anonymous Posted May 19, 2003 Report Share Posted May 19, 2003 Discover said that they have just filed for a judgement against me and I got a letter from an attorney asked if everything is correct. How time do I have and what can they do with the judgement that they have? I live in Florida... Can they garnish my wages or what? I have no idea, I am new to this and in big trouble. Link to comment Share on other sites More sharing options...
techgoddess Posted May 20, 2003 Report Share Posted May 20, 2003 You've got some time but not much. If you haven't received it yet, you'll be getting served with a summons which will give you between 20 and 30 days to file an answer. Make sure you do it. How this is done kind of depends on your state so I can't really help you there. Then start negotiating for a settlement and round up all the money you can (borrow from family if you have to.) They're only trying to scare you into paying them. Link to comment Share on other sites More sharing options...
Anonymous Posted May 20, 2003 Report Share Posted May 20, 2003 funny story. when i got my discover card (8 years ago or so) i went buck wild, maxing it in 1 month (gotta love those cash advances) i was a freshman in college... dumb girlanyway it went to a collection agency ASETT ACCEPTANCE. we made some arrangements after the original amount doubled. i paid 50 a month to them for almost 3 years (stopping the interest) and finally when i made my last payment i found this board... never knew what an SOL was, or the 7 year reporting period. needless to say it was off my report last year and i kept handing them those 50 dollar payments. fun Link to comment Share on other sites More sharing options...
LetoAtreides Posted May 27, 2003 Report Share Posted May 27, 2003 <blockquote>Originally posted by ChaosJesterI live in Florida... Can they garnish my wages or what? I have no idea, I am new to this and in big trouble.</blockquote> Ok, here is a little info from someone here in Florida too.Florida is the proverbial debtor's paradise.#1 A judgment against you cannot be used to take a lien against your primary residence. I.E. You own a home and live there, they cannot touch it or the equity in it, unlimited amount!#2 If you are married, you can file head of household with the court, must be done within 10 days of judgment being passed against you. It basically means they CANNOT garish your wages for any reason without your consent.Here is a good link with info on Florida lawshttp://www.floridalegal.org/pages/debtrghts.htm [Edit by LetoAtreides on Tuesday, May 27, 2003 @ 09:17 AM] Link to comment Share on other sites More sharing options...
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