Settling with credit card company and dealing with debt collectors. Hey, my husband has not been able to work for a few years and we stopped paying on our credit card bills over a year ago. One of the companies is getting really aggressive (calling me at work, talking to the receptionist, etc.) so I feel that I need to take action. [more inside]
I have a credit card debt of $4200 on a closed account, which I want to get rid of by end of this month. The interest rate charged is almost $65 I talked to the credit card company and asked for a settlement which they agreed for 60% off my balance i.e pay $2500 approx, but said this will be reported on my credit report, and I will also owe tax on the remaining debt. Should I go this way, or pay off my debt completely?. I have an average credit score of 660 and have no other debt.
Is credit card settlement worth the hit to my credit score? [more inside]
[I am asking this for a friend.] Legal troubles over a decade-old debt to a bank. I am being sued by a law firm representing a collection agency. I would like to find a way to resolve this situation that does not involve hiring a lawyer, since I cannot afford one. I receive income via Social Security Disability. [more inside]
My Mom’s wages are being garnished by a collection agency. Can we still settle the debt? How much do we offer and where do we get the money? [more inside]
How do I get my debtors to allow me to pay them off on a payment plan and no further interest charges? [more inside]