I contracted with DebtRxUSA to work through debt settlement. I was promised at least at 40% setttlement on my 2 credit cards. It has been an uphill battle with them to get them to respond to my questions and concerns, return phone calls and emails, and my creditors are telling me they will not deal with them. After much debate and my interceding, I was able to get a decent settemment on one card. The second card is nowhere in the ballpark of what I could pull off. Because I can’t pay this proposed amount, they are saying they didn’t promise anything and they fulfilled their end of the bargain that I still need to pay them. At the same time, they’ve told me that I’ll now be taken to court.
What are my alternatives at this point?
If you have a copy of your Debt RX USA contract you signed. I’d love to review it. You can upload it to me here.
Well the reality is your options are limited. If you can’t come to an agreement with the debt owner or credit card company then you will go to court and lose. They will get a judgment and could then move for a wage garnishment. The reason I’m so confident you will lose is because the case will hinge on the contract you signed with the card company. The agreement says you will make certain minimum payments or be in default. If you are in default it says the company can take certain legal actions.
If they do take you to court and win you could block any further action with bankruptcy. However if you go bankrupt before they take you to court you could at least prevent a public record lawsuit from appearing on your credit report as well.
I suggest you click here to find a local bankruptcy attorney you like. Make an appointment and go in and talk to them for free. After that appointment you’ll be better informed about what you want to do next.
You’ve learned a difficult lesson here. The debt settlement option was always a crap shoot and never the ‘golden opportunity’ it was marketed as.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.