I signed with Bayview law group. I was current on my credit cards- only 2 of them. THey told me I would need to miss a payment then I could enter the program.
I made 7 monthly payments of 460. each month. Now I learn I have 500. in my trust acc’t and I can’t even access that on line anymore!
I did settle on my own with Chase through client services. I explained to them what had happened and it will be cleared up with in 1 year of my payments.
I then contacted Discover to make things right with them. They had already turned this over to a lawer because I had hired bayview, they said. I called the lawyer who was a real jerk and had no interest in helping me.
I told him I only make so much a month and can’t afford a big lump sum. He then asked if I was on my house loan.. I asked to talk to someone else and I got a nice girl who was much more helpful. As I was talking to her explaning my situation, he yelled that I was on the house loan, since he pulled up my credit report.
THis is not my husbands debt, it is mine! I went through some horrible things and this is why I ended up in debt. I offered to make low payments to pay it off and he said no way.. you need to pay this today nearly 17,000.
Please help me….Amy
Unfortunately if you get tangled up with a debt settlement company that takes the majority of the fees from your first payments it just pushes these accounts further and further behind which makes them more likely to wind up in a legal situation.
When you stop paying your creditors your account falls delinquent. Creditors will attempt to collect the money you owe and get you back on track. If you don’t bring your account current they can pursue all legal collection efforts, including suing you, to collect the money you borrowed when you entered into an agreement with them.
The only surefire way to break the relationship with the creditor and get a legal fresh start is with bankruptcy. If you want, you can click here to find a local bankruptcy attorney.
It is unclear if your account is still owned by Discover or they may have sold it to a debt buyer and someone new owns this obligation now. If the lawyer is a third-party debt collector you can stop the calls, but just be aware that does not resolve the possibility of you being sued.
If the entity that owns the debt is attempting to collect on the debt, the cease & desist letter has no power over them. It is only effective with third-party debt collectors.
My concern at this point is that you don’t over promise to make a payment on the Discover debt that you can afford. Do you know how much you can afford to pay them each month?
How far past due on this debt are you?
What joint debts do you owe with your husband and do you have any other debts that you alone owe?
Please post your responses and follow-up messages to me on this in the comments section below.