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TERI Student Loan & Debt Settlement Program

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andyth



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



6 Magic Points

Subject: TERI Student Loan & Debt Settlement Program
 
Posted on Mon Nov 09, 2009 2:39 pm  

carol

carol

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


29555 Magic Points

 
Posted on 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.
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Keep in touch
Carol

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