Unemployed and may be sued - 06.17.09

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Upper Westsider

Joined: 15 Jun 2009
UpperWestsider's page
Posts: 2

93 Magic Points

Subject: Unemployed and may be sued - 06.17.09

Wed Jun 17, 2009 7:34 pm

I returned the phone call to Alliance One, even though Capital One still owns the debt. Alliance One offered to accept $5200 on a debt of $6100, or a down payment of $2400 to continue my reduced payment schedule of $50. Alliance One hung up on me when I said that I could do neither.

What can I expect from Capital One/Alliance One; just make the reduced payments of $50 as originally agreed upon (verbally)? What recourse do I have if they do not accept this offer?

scott

Joined: 28 Jun 2006
scott's page
Posts: 462

10934 Magic Points

Thu Jun 18, 2009 4:26 am

Hi Upper Westsider,

It will be better if you continue related queries in the same thread at: http://www.creditmagic.org/debt/unemployed-sued.html#29879.
_________________
SCOTT

Use your credit account responsibly and enjoy a debt free life.

mjreb46
Guest

Subject: Re:Unemployed and may be sued

Thu Jun 18, 2009 4:42 am

Hi Upper Westsider,

You can request Capital One to pull the accounts from the collection agency. I don't think the CA will accept your $50 payment (according to the verbal agreement with your creditor). If you are able to convince Capital One about your financial hardships, they may agree to pull your accounts from the CA.

In case Capital One does not agree to deal with your accounts, the only way would be to accept the payment plan the CA has offered. You can consider borrowing $2400 (for the down payment) from a close friend.

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