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Re: Going to court on Wednesday. WhyChat, Ladynred, Need Help!!!


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Posted by LadynRed (199.91.33.254) on February 24, 2003 at 11:01:50:

In Reply to: Going to court on Wednesday. WhyChat, Ladynred, Need Help!!! posted by Waypil on February 23, 2003 at 16:31:38:

You will likely be given the opportunity to settle this at the pre-trial conference.

I would write out a settlement offer of some percentage YOU can afford and put in a schedule of payments. Also add the terms that you want to have the collection agency entries deleted from your CR - that part should be relatively easy. You want to ask that Discover change your entry to 'paid as agreed' or at least 'paid'. If they won't budge on that, then you may have to agree to 'paid settlement' - its better than 'paid collection' or 'paid charge-off. You also want to add in there that you want a 1099-C to be issued - this will totally cancel out the debt and any remaining balance cannot be sold to another CA. I, personally, wouldn't settle unless this particular condition is agreed to.

Get signatures, don't pay a dime w/o them.


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