Hello, I need some debt counseling! I'm in the UK. I am aware of organizations like CCCS, so no need to get in touch with them. I just wanted to get some advice from the Yahoo community. My situation: I am in default of a large amount of personal debt. I have not paid to creditors (professional student loan, and some credit cards) for about 1 1/2 years. I have not signed any agreement with them debt management. Basically just stopped paying and then ignored all phone calls and letters from them. Due to the recession I am earning much less (and sometimes not working at all), so I would not have been able to make the payments, even symbolic to them. Therefore, do not bother. Now, because of an inheritance in another country, I'm in a position where you could pay about 1/3 of the debt. However, I really do not want! What I like to do is that each creditor an offer of full and final payment, if accepted, would mean that mark the debt as "settled" in my credit report and was not pursued for more payments. I know this is not going to wipe the slate clean, as future creditors will see that I default, but at least it's better than bankruptcy. My question is: What is the lowest offer I could do? 10%? I would keep some of the money from his inheritance! We will never know about inheritance, because I'm saving to a foreign bank account in my name. For those of you surprised by my lack of honesty, good, there are much worse happens. I do not steal the taxpayer for billions, or sell subprime, or take multi-million pound bonuses even when my bank was losing money. Just silly (with credit card debt) and was the victim of a bad time (do a professional course in the face just before the onset of the recession).
A family member recently died in a car accident . The driver of the other vehicle was determined to be 100 % at fault . Your insurance company has offered us the full amount of your liability coverage for bodily injury settlement. Everywhere I look I see insurance companies low-ball their first offer . But this is the total limit . Should we accept this offer , or the insurance company may be holding you back ?
I owe 1,300. I have never paid one cent or attempted to make a payment plan. This debt is over 7 yrs old,....Does anyone have any advise on what i should do?
I do not know if lawyers always say take the first offer , as it is easier for them and too much work for negiotiate more .
settlement offer from car accident, but want and deserve more.
I have a 2nd mortgage, now with a collection agency. I need to a settle, but collection agency didn't agree with the offers I made. I'm in California, and my 1st mortgage is much higher than the property value. Who can help me to get a settlement offer? What type of attorney, do I have to hire to get a settlement.? Is Bankruptcy (Chapter 13) the only option, to eliminate the debt? After loosing my job, I fall behind my mortgage payments.With current income I only can afford to pay my 1st mortgage. Pls. can someone advise me what I should do. I'm really struggling, and worried over this.
Someone told me the agencies normally buy these accounts for a fraction of the amount due, then collect what they can, sometimes accepting half as a payoff amount. If I had had the money, I would have paid it off originally, but right now I'm not even making it paycheck to paycheck and the collections agency will not set up monthly automatic withdrawals or anything other than the full amount. Any suggestions? I'm not debating I owe the money, just can not pay it at this time.
Does the Consumer Credit Counseling offer a good deal? If not, what no debt service ?
What is the difference between an agreement to negotiate the credit card debt settlement letter and debt ?
I am looking at my options for paying my student loans . Currently I owe about $ 50,000 - all of which are federal student loans (divided between sub / un- sub Stafford and Grad Plus). Initial research suggests that filing bankruptcy ( 7 or 13 ) does not exempt student loans unless they can demonstrate