| how much time, or does it matter?
What is the name of your state? Minnesota
I am now in MN, filed and dismissed a ch.13 in Mich., a couple years ago, concerning debt accrued and neglected in FL a few years before that. After dismissing the ch. 13, because it seems to have been a mistake for the nature of the the debt, and its amount, I began settling with collectors, and/or the law offices that purchased the accounts from the original creditors.
Down to just one last debt, under 5000, recently an office I dealt with for another debt that was settled, contacted me for this latest one finally. It has been a couple years since I dismissed the BK. They purchased this one as well. Long story short, they offered a settlement, with the other option being "litigation". IT was a good deal, but circumstances have limited my ability to cover it. We haven't spoken about payments, but I know this particular firm requires high money down to do that, and even so, they haven't offered.
A second call offered a LOWER settlement, very tempting, but yet, you can't sqeeze blood from a turnip.
I am not being harassed because my dealings with agencies such as this have emboldened me and I don't cower to the threats of litigation immediately. In fact, it almost seems that the fella I am talking to in regards to this, knows he won't be able to make me piss my pants easy, at this point.
I do want to pay this off, and be done with it, but it will take some time to earn the funds, since admittedly, (and regretfully) I did not plan for the eminent call that came last week.
My experience has led me to believe attempting to work out a payment plan would be met with a fair plan, but I would like to know how long I would have to get some payment saved up, before I would be forced to in a court. And, since I have relocated, how easy is it going to be for this agency, or its agents, to serve me, and do you think they will? The debt is 4700 or so, the first offer was 3000, and the second only 2200. I know they purchased this account for pennies on the dollar, and that is how they can afford to chop it in half, but this debt has gone from the cc co., to the collector, to the BK courts, and now to a collection attorney, and the rep. for the attorney mentioned the original collector wrote it off years ago.
On a final note, I DO owe the money still, I DO want it to be in the peoples hands that originally lent it, I know it wont ever be, so what is the advice of the forum? Also the first question would appreciate an answer as well, involving my time frame should I ignore these latest pleas? They have my cell number only, I don't have any open accounts, zero assets, absolutely nothing they can claim. What types of action can be taken by them, and would they put that much good money to bad in this instance? Any advice would be appreciated, as for the "attorney", I was going to give him a call tomorrow and see what type of arrangement I can make, or at least buy a little time. Thank you |
12-05-2006, 09:29 PM
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