Reader Questions

I Need Tips on Who to Hire to Negotiate a Debt Settlement. – M

Background: high debt. unemployed for a year and then underemployed for 2 yrs. I was able to settle 2 cc’s and now I have 2 left. Both have been turned over to Law Firm collectors in my state (Colorado.) One is very aggressive, Machol & Johannes and basically offered me 0% discount. ugh. The other Farrell & SEldin served me a Summons and is pursuing a judgment. Ugh. I was going to file Bankruptycy, but didn’t even have the $. It costs like $1500-3500! CRAZY. Attorneys charge like $250/hr so I don’t want to hire one to settle. I’m only able to settle now due to the grace and goodness of my parents who I finally asked for help. Need advice on negotiating or who to hire. THANK YOU.

I need tips on how to negotiate a debt settlement OR advice on who to hire to do the negotiating. THANK YOU!!!




This reader question was submitted for site members to answer.

This is your chance to be a hero and help out this person by providing your feedback and answer to the question. Post your response in the comments section below.

If you have a credit or debt question you’d like to ask just use the online form.

Sincerly,
Steve

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.


READ  My Daughter Was an Authorized User and Ran Up My Debt. I Have Cash to Settle. - Sharon



About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

2 Comments

  • i have investigated both firms you have dealt with. they are both being looked at by the states attorney general. one so called server is using a jacket that purports to be from the sherriff. i know our sherrif personally he is very mad and will arrest this person if he can catch him. the two so called summons i got were not filed with the court and do not follow civil procedure. these debts were written off and i filed 1099s I wish my business hadn’t closed or i had to go to credit counseling but the big banks drove us to this. i to have tried to get a job for 8 years in my field and i work part time for 7.82 an hour. my husband just lost his job again for the second time in two years. we are barely holding on. i would love to pay but not the usures charges they want from criminals who break the law to collect.

  • i have investigated both firms you have dealt with. they are both being looked at by the states attorney general. one so called server is using a jacket that purports to be from the sherriff. i know our sherrif personally he is very mad and will arrest this person if he can catch him. the two so called summons i got were not filed with the court and do not follow civil procedure. these debts were written off and i filed 1099s I wish my business hadn’t closed or i had to go to credit counseling but the big banks drove us to this. i to have tried to get a job for 8 years in my field and i work part time for 7.82 an hour. my husband just lost his job again for the second time in two years. we are barely holding on. i would love to pay but not the usures charges they want from criminals who break the law to collect.

Leave a Comment

Scroll to Top