What is the name of your state? CA
This is a continuation of my last post. I attempted to settle with Eskanos & Adler for the discover card debt (against which I owe about $8500), and they gave this term:
Willing to settle for $7,496.00 Lump Sum
OR
Deferred payment plan of $200 a month with a Stip Agreement with no (JD)
interests at 10% (which will take me about three years to pay it back)
Considering the reputation of Eskanos & Adler, I know this is not a bad deal from them.
But I am thinking whether I should choose to be tied to them for three years (I have another $13k worth of debt) or just throw in the towel before too late.
What would be a better strategy for me at this point? I expressed in another board that my total assets do not exceed the CA homestead allowance, and I have less than $1,000 worth of cash.
Pay up and try to settle the rest of my debts, or just give up? (I last paid on Dec 03 and have no illusions about my credit ratings, which I don't mind anyways since I won't be buying anything major for the next few years)
This is a continuation of my last post. I attempted to settle with Eskanos & Adler for the discover card debt (against which I owe about $8500), and they gave this term:
Willing to settle for $7,496.00 Lump Sum
OR
Deferred payment plan of $200 a month with a Stip Agreement with no (JD)
interests at 10% (which will take me about three years to pay it back)
Considering the reputation of Eskanos & Adler, I know this is not a bad deal from them.
But I am thinking whether I should choose to be tied to them for three years (I have another $13k worth of debt) or just throw in the towel before too late.
What would be a better strategy for me at this point? I expressed in another board that my total assets do not exceed the CA homestead allowance, and I have less than $1,000 worth of cash.
Pay up and try to settle the rest of my debts, or just give up? (I last paid on Dec 03 and have no illusions about my credit ratings, which I don't mind anyways since I won't be buying anything major for the next few years)