Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
General Discussions
The Watercooler
advise about bankruptcy
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="susiestar" data-source="post: 367277" data-attributes="member: 1233"><p>I would find a not for profit consumer credit counseling agency first. They will try to work out payment arrangements with creditors and will cut payments and interest usually. Talk to them to see your options and then talk to a lawyer about bankruptcy. The CCC agency is funded by the credit card industry and most will try very hard to convince you that bankruptcy will ruin your life. Get their proposal and don't make any decisions until you see what an attorney says. Do whichever one makes the most sense realistically. We did credit counseling and were able to buy a house less than 6 months after we finished paying it off. They handled all the creditors.</p><p></p><p>The trick to using a CCC agency is to make sure that EVERY payment goes through them. Do NOT speak to collection agents, refer them all to the agency no matter what they say. Collections people want to get you to make a very small payment because if you make a payment with-o going through the agency then the creditor can say the agreement is void and they can get out of the agreement. We had several try, though Discover was really underhanded about it - they even sent someone who looked like a police officer to our door with a document that LOOKED "official" that said we had to pay by six pm that day or they would take our car. We did NOT secure the card with our car, we only owed about $200 on it to begin with, and the "officer" got arrested because I called the REAL cops because we had been warned of this scam. I did it from upstairs under the premise of finding spare checks because my husband had the checkbook. The guy was really a collection agent who bought the outfit from a buddy who WAS a cop and he used it all over a three state area! There were many reports filed by people he burned with this charade because he left the document with people and it had fine print that said it was a representation of what a court document might look like if they went to court and filed a judgement. People just got scared and paid him with-o reading it. I missed that in the print but he just didn't LOOK right or sound right to be a cop in our area. His cop buddy got into trouble too because the fools reported his badge as stolen and left it on the uniform! (FYI - the police will very very very RARELY come calling to collect debt for a credit card. They would arrest you for fraud, embezzlement or theft, but they won't take a check to get you out of it. That is what tipped me off.) I have heard that recently Discover has cleaned up their act a bit regarding collections.</p></blockquote><p></p>
[QUOTE="susiestar, post: 367277, member: 1233"] I would find a not for profit consumer credit counseling agency first. They will try to work out payment arrangements with creditors and will cut payments and interest usually. Talk to them to see your options and then talk to a lawyer about bankruptcy. The CCC agency is funded by the credit card industry and most will try very hard to convince you that bankruptcy will ruin your life. Get their proposal and don't make any decisions until you see what an attorney says. Do whichever one makes the most sense realistically. We did credit counseling and were able to buy a house less than 6 months after we finished paying it off. They handled all the creditors. The trick to using a CCC agency is to make sure that EVERY payment goes through them. Do NOT speak to collection agents, refer them all to the agency no matter what they say. Collections people want to get you to make a very small payment because if you make a payment with-o going through the agency then the creditor can say the agreement is void and they can get out of the agreement. We had several try, though Discover was really underhanded about it - they even sent someone who looked like a police officer to our door with a document that LOOKED "official" that said we had to pay by six pm that day or they would take our car. We did NOT secure the card with our car, we only owed about $200 on it to begin with, and the "officer" got arrested because I called the REAL cops because we had been warned of this scam. I did it from upstairs under the premise of finding spare checks because my husband had the checkbook. The guy was really a collection agent who bought the outfit from a buddy who WAS a cop and he used it all over a three state area! There were many reports filed by people he burned with this charade because he left the document with people and it had fine print that said it was a representation of what a court document might look like if they went to court and filed a judgement. People just got scared and paid him with-o reading it. I missed that in the print but he just didn't LOOK right or sound right to be a cop in our area. His cop buddy got into trouble too because the fools reported his badge as stolen and left it on the uniform! (FYI - the police will very very very RARELY come calling to collect debt for a credit card. They would arrest you for fraud, embezzlement or theft, but they won't take a check to get you out of it. That is what tipped me off.) I have heard that recently Discover has cleaned up their act a bit regarding collections. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
General Discussions
The Watercooler
advise about bankruptcy
Top