Imagine this: You’re sipping coffee when your phone rings. Unknown number. You ignore it. Five seconds later, it rings again. Same number. You sigh, answer, and suddenly… it’s a debt collector demanding payment NOW or else. Your heart pounds. Do you:A) Hang up and pretend you never got the call?B) Try to negotiate, hoping they’ll …
Question: Dear Steve, I have 5 c.c (in default) and 1 unsecured loan (not in default) totaling approximately $48,000 in my name. And, I co-signed for one unsecured loan also in default. The co-signed creditor is suing but has offered a re-payment agreement in lieu of going to court. My friend, whom I co-signed for …
So yesterday I wrote about a law firm that wants to charge consumers 18% fees and the sales pitch was non-lawyer debt settlement companies are horrible so you need to go with a law firm instead. Today, Stan, a tipster (send in your tips here), from California, sent me a copy of a letter they …
“Dear Steve, Can I call a credit card company and ask them to lower the amount and I can pay that in full. So if I owe 2800 for one card can I tell them I can afford to pay 2200 right now to pay it all off. Maybe they have a hidden 10% option? …
“Dear Steve, About 6 months ago, my husband and I decided to go with a debt management company to help with the relief of our credit card debt. It’s been a bigger mess than I ever thought it would be. There have been no payments made to any of my credit card companys because apparently …