dontwearmasks Posted May 29, 2020 Report Share Posted May 29, 2020 Hello, I believe I am in the stage before I will get sued officially. I have the capacity settle up to 50% for both accounts. Each debt is about 10k and 5k. OC: Comenity Is it smart to try to settle now or let them sue and go to arbitratrion? Please see attached letters. Quote Link to comment Share on other sites More sharing options...
dontwearmasks Posted May 29, 2020 Author Report Share Posted May 29, 2020 I called and their offer is 85% and they will not budge. What would the best course of action? Just wait for them to sue me? Would getting lawyer representation help with making a deal? Please help with suggestions. Quote Link to comment Share on other sites More sharing options...
WhoCares1000 Posted May 29, 2020 Report Share Posted May 29, 2020 We would need to know when you defaulted and if you have the last contract before you defaulted. I am not sure about the arbitration clause for Comenity bank but if they have a decent one, you can for them to do 2 arbitration causes and at that point, they would probably agree to 50% because of the cost of 2 cases. Quote Link to comment Share on other sites More sharing options...
dontwearmasks Posted May 29, 2020 Author Report Share Posted May 29, 2020 Both accounts opened June 2016 For 10k debt, last payment 03/18. Closed 06/18 For 5k debt, dates are similar. Is it ever a good idea to hire lawyer? Or is it best to wait to get sued and go through arbitration? Quote Link to comment Share on other sites More sharing options...
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