Owe approximately $35,000 to credit card companies . I’m 68 yr old on ss. I was paying until i assisted a family member. I am 5-6 month behind.
I signed a contract with debt defense service today’ 1-10-13. I would like to cancel. How do I do that?
Regarding your financial situation, you are a classic example of someone who needs to explore bankruptcy not a repayment plan. If your only income is from social security, putting you on a repayment plan, in my opinion, is the exact wrong thing to do.
Regarding canceling your agreement with DDS or any company the first thing to do is to review the agreement you signed to see what the termination process is. In addition, you should send them an email and ask to cancel and ask for a response acknowledging the cancellation. If you don’t get an email acknowledging the cancellation and if you really want to protect yourself you can send your notice of cancellation by return receipt requested mail at your local post office.
I think if you promptly follow the above advice they won’t give you any grief at all. Although, expect any company you cancel with to try to talk you out of canceling. They will want to try to preserve the sale.
In your situation it might be prudent to just let them know you want to meet with a local bankruptcy attorney first before you continue. You can click here to find a local bankruptcy attorney. Who knows, maybe after meeting with the local bankruptcy attorney you’ll decide DDS was the thing you want to do.
Please post your responses and follow-up messages to me on this in the comments section below.