TERI Student Loan & Debt Settlement Program

Post reply Start a topic

Author

Message

Options

	Print this topic
	Invite a friend
	Email this topic

Bookmark online

	Add to del.icio.us
	Add to YahooMyWeb

andyth

Joined: 03 Oct 2009
andyth's page
Posts: 49

6 Magic Points

Subject: TERI Student Loan & Debt Settlement Program

Mon Nov 09, 2009 2:39 pm

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Tue Nov 10, 2009 9:56 am

Hi Andyth

Have you asked your debt settlement company whether they have contacted the creditor or not? If you are dealing with your creditor alongside paying the settlement company, then I must tell you it is useless. The debt settlement company is supposed to handle your account henceforth. So, if you're having to do their job then it isn't worth the pain. Anyway, yes, this can well be a scare tactic but creditors do sue debtors and acquire judgments against them. So, you may try and negotiate with your creditor and get to a settlement amount. If they do agree (which might take some time as it is very clear) do not forget to ask for a 'pay-for-delete'. Let me know how things progress.
_________________
Keep in touch
Carol

Quick Reply

Your Name

Subject

Message body


Page 1 of 1

Home|Contact Us|Terms of Services|Privacy Policy|RSS

* Disclosures:

Your personal details (name, email address and phone number) will be delivered to the company advertised on the Creditmagic after ve agreed to go for the counseling session by filling out the no-obligation form. However, it is your discretion to accept or reject their services.
Not all the creditors/debt collectors agree to trim down the outstanding balances, interests, and fees payable by the consumer.
Consumers working with the debt relief companies can still be sued by the creditors/collection agencies.
Debt relief services may have a diminishing effect on the creditworthiness of the consumer. The total outstanding balance may increase as the additional fees get accrued.
The overall amount saved by the consumer through the debt relief services is considered as taxable income by the IRS.