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Tired of being a mass murderer

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Junior Member
Or at least feeling like one...

What is the name of your state? Texas

Any advice is greatly appreciated.

Here is the story... In mid 1999, I was involved with a rather nasty dispute with US Customs, and ultimately lost my business. By late 1999, I had become delinquent on about 7 or 8 charge cards that were ultimately charged off. (One, AMEX, remains on my credit report as active and 9500 past due, but the others show charge off status and some have been assigned to collectors. )

Well... From what I can tell, I have 3 options- Wait 2 more years for the 7 year magic number so I can start getting them removed from my credit report, filing bankruptcy, or negotiating with the creditors to make a deal.

Option 1- I can't wait any longer... I can, but I really don't want to.

Option 2- I prefer not to have another nasty item on mty report for 10 years by filing bankruptcy.

Option 3- I am making a decent living again (not the same 6 figures before all my financial troubles started) but a sustainable income none the less.

Wow... to the point...

Asset Acceptance Corp owns 3 installment accounts and a phone account totaling about $23,000 of mine.

NCO Financial owns another account totalling about $10,000.

What are the chances they would be willing to negotiate a payment plan/setlement/delete with me if I contacted them? Is there any draw back to contacting them? Are there any other ways to handle this with a positive result for me?


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