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Re: Charge Off & Collection Agency Question


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Posted by Anonymous on February 12, 2002 at 17:33:56:

In Reply to: Charge Off & Collection Agency Question posted by Deb on February 12, 2002 at 14:33:57:

Theoretically they could sue you since the charge-off is relatively recent. What collection agency? That might make a big difference - the reputable ones (very few of those around) may negotiate with you. And you could always try contacting the creditor directly and ask if you fall under their hardship program (depending upon what the reason is for your hardship & inability to pay). If you have other debts you may want to consider bankruptcy (though that stays on your report for 10 years - but does away with all the debts listed). Some will say not to choose this route, you yourself have to make the decision.


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