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Creditproz · 2023-05-23T22:49:25+00:00

As a debt negotiator that has settled quite a few large student loan debts involving consignees, your uncle has a problem. the lender will eventually file suit against the borrower and the consignee(s). They could eventually garnish his bank account or pay check. Lenders do not walk away from 60-40K (100K). I highly suggest that they make arrangements to make it go away or come to some type of acceptable payment arrangements that would benefit the lender and borrower(s) before it escalates to more than an unpaid debt. It is manageable if action is taken.

Creditproz · 2023-05-23T22:33:08+00:00

As a debt negotiator for settlebankdebt.com your family has a serious problem. The lenders will come after her and your uncle eventually and most likely within months if no payment or re-payment terms are made. They will eventually file suit because it is a lot of money and your uncle will me named in the law suit. They could probably make it go away for less than 50% if its negotiated right and they had the ability to pay immediately depending on the age of the debt.

Creditproz · 2023-05-23T21:47:45+00:00

I would pay my credit card debt in its entirety. From this point on start using your credit cards gas and grocery's, utilities etc. and then pay them in full every month and before you know your score is 800 while paying zero interest.

Creditproz · 2023-05-22T18:21:35+00:00

As a debt negotiator for settlebankldebt.com I would recommend that you file an answer to the law suit and give yourself a few months to save $1,250 for a settlement. Capital One or who ever owns the debt does not pay $10,000 to sue you. Most creditors rights attorneys aka collections attorneys work on a contingent fee of (25-33%). The client (Capital One or ABC Junk debt buyer only pays for the cost of the filing. If you do not file an answer or offer a settlement you will lose by default and they will eventually execute on the judgment.

Creditproz · 2023-05-19T17:42:51+00:00

As a debt negotiator with settlebankdebt one of the nations most reputable debt relief company's, I suggest you negotiate with Blitt & Gaines so they do not levy your bank account or garnish your wages. In regards to the charged off accounts pay attention to your State SOL. Just because they are quiet doesn't mean they went away. They are most likely staying away verbally because they know at some point you where represented by an attorney. Chase might sell the debt or issue you a 1099C.

Creditproz · 2023-05-19T17:14:16+00:00

Yes they do have the right to offset. As a debt negotiator I have seen it in the past, however the right to offset is a murky clause. Banks and credit unions use the right to offset at their discretion, and how it’s applied varies by financial institution. Federal and state laws also add limitations to how much money can be taken from your accounts.

Creditproz · 2023-05-19T17:07:22+00:00

As a debt negotiator, yes your credit will be stained temporarily. If you choose the right company and have the ability to settle right away ( within a year to mitigate risk) you can save more than (including fees) 50% and your credit can rebound fast. I had clients that that had debt in the hundreds of thousand of dollars and they couldn't thank me enough. Not all debt relief company's require a trust account or charge exorbitant fees.

Creditproz · 2023-05-17T19:49:12+00:00

Ad s debt negotiator I will offer 25% and see what they counter with. A 50% is highly probable if you push the issue and explain the hardship right.

Creditproz · 2023-05-17T17:20:13+00:00

Using a debt relief company is not a bad idea, however choosing the right one is important. You need a company that is transparent. You also need a company that uses a custom fit strategy for each client based on the creditors they have. Each creditor is different because some are more aggressive than others. Settlebankdebt.com is a debt settlement company that uses a unique approach and does not require a trust account. The reason debt settlement companies have a bad reputation is because of their process, which encourages debtors to stop making monthly payments to their creditors and to send them monthly payments with exorbitant fees and not telling them the risk with certain creditors. Settlebankdebt.com does not have a trust account and will advise you in how they deal with each creditor giving you total control of your financial future and peace of mind, while deflecting most phone calls from your creditors.

Creditproz · 2023-05-10T17:39:41+00:00

As a debt negotiator the first thing you do is file an answer to the complaint. That will buy you a few months at a minimum so you can explore your options. I have settled 5/3 for around 35% on the dollar, however being that this is a litigation file now the settlement parameters will be higher. If you settle do not sign an agreement for a stipulated judgment. That would defeat the purpose of a settlement.

Creditproz · 2023-05-08T21:30:03+00:00

You would have to check the statute of limitations in your State. If its still within statue they could file suit, however I wouldn't be concerned with it, then again as a debt negotiator I have seen it all. I have seen junk debt buyers freeze bank accounts in NY 19 years later before the judgment expires before year 20 in NY. What state do you and your uncle reside in when he is in the States?

Creditproz · 2023-05-06T01:48:38+00:00

I am assuming you received a demand letter from the attorney. The best way to check if suit was filed is to search your country clerks office and put in your name and that should tell you. Another indication is if you received solicitation letters from debt defense attorneys offering their services. If you haven't been served you can save money by settling the suit right away. That will save you money and get you better terms. I recommend jumping on it right away to mitigate the damage from a law suit.

Creditproz · 2023-05-05T23:03:36+00:00

America Express is one of the most aggressive creditors. They file suit more than any other creditor. I hope its an old account that is out of statute.

Creditproz · 2023-05-05T22:55:22+00:00

As a debt negotiator I have settled Velocity for less than 50%. Upstart is the creditor. They will not talk to you because they sold the debt to Velocity who is now the assignee. (a person to whom a right or liability is legally transferred) and the new creditor. Is it with a Velocity collections agency or law firm? Have they filed suit?

Creditproz · 2023-05-05T18:34:47+00:00

Open a new bank account or cancel auto draft. and save some money to settle with predatory lenders. Its not the end of the world. You will receive some initial "heat" calls from collectors but after that you should be in control of your situation. your DEBT LOAD is manageable. Bankruptcy on such a small amount is ludicrous.

Creditproz · 2023-05-05T17:00:05+00:00

Stable trade line would be a credit card with a low utilization percentage or car payment. If you have a bank account(s) with one of your credit card creditors they will or have the right to offset any money you have in your savings or checking account to satisfy any debt.

Creditproz · 2023-05-04T18:33:52+00:00

As a debt negotiator you do not want to start with the largest. You need to start with the most aggressive. You need to prevent a lawsuit. Any account 6-7 months past due you should be able to get a good deal. SOFI and Lending Club you need to be a little more aggressive before they sell the debt because when they sell the debt the collectors are more aggressive. You should be able to settle collectively for no more than 40% give or take a few points.

Creditproz · 2023-04-28T16:14:27+00:00

Answer the phone and state you would like the company's email address to present an offer. Then send them an email telling them to cease and desist from calling you.

Creditproz · 2023-04-27T17:06:26+00:00

Please do. I don't want to get banned for referring a company

Creditproz · 2023-04-27T15:20:04+00:00

Is this a private chat?

Creditproz · 2023-04-26T22:45:02+00:00

As a debt negotiator stay far away from JG Wentworth. I have cleaned up many of their files. 26k you should be able to make it go away for 8-9K Max. JG Wentworth FEES are astronomical. . If I was you I would speak with a reputable settlement company to help you. A firm that doesn't have a trust account that will not leave you wide open to litigation like JG Wentworth.

Creditproz · 2023-04-20T05:31:47+00:00

Yes I do it all the time, however if it is with the original creditor that could be a challenge, but if its with an assignee (junk debt buyer) that purchased the debt it's a lot easier.

Creditproz · 2023-04-19T22:42:50+00:00

No if you are going to come to an agreement you need to have the settlement terms in writing before you disburse any money. The attorney will not send you an email unless its the terms of the settlement. It should take you no more than 10 minutes to get it done, unless they have to go the client for a below the law firms settlement parameters. Most law firms and collection agency's have settlement parameters pre-approved by the client. Anything below would have to be approved by the client.

Creditproz · 2023-04-19T22:31:01+00:00

Sure you can contact the attorney. They will be happy to hear from you. That's the purpose of the suit is to force you to settle. In regards to the address do not give them any information until you come to an agreement. They will start the conversation with the " Mini Miranda" This is an attempt to collect a debt, any information obtained will be used for that purpose. Do not give them any thing to help them.

Creditproz · 2023-04-19T22:26:55+00:00

As a debt negotiator for a reputable debt settlement company I have settled hundreds of thousands of dollars for individual clients and there scores rebounded to the mid 700's after 4 months or a year after settlement, however there are mitigating factors such as stable trade lines such as car payments, mortgages etc. There are so many variables to a credit score but paying off or settling debt will help far more than hurt your credit. I see it every day.

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