Of course it happens all the time e.g. the tobacco cases. So long as the parties are willing to accept a settlement and the monies are available then there shouldn't be a problem.
It is possible to get an out-of-court settlement for a credit card. Credit card companies and collection agencies offer a variety of payment and settlement options for the debtor.
For one to get a credit card settlement, you would need to be far enough late in your payments for your credit card to consider settlement. If you are late, you would call and make an offer.
A debt settlement offer has no bearing on your credit rating or score. It is only an offer, a proposal. Your credit rating is based on how you have paid the debt in the past 7-10 years. Your credit score is a numerical picture of your assessed risk as a borrower, based on the information in your file at the time the score is requested.
A credit card company can refuse your offer of settlement and proceed with legal action. They must win their court case and have a judgment declared against you before your wages or bank account can be garnished.
.10 cents on the dollar or 30 % of the balance owed. If you encounter a difficult negotiation settlement with a creditor then the max that you should offer is 50%. Believe me when I say this, you have the upper hand when it comes to this situation. So, negotiate, negotiate, negotiate... Get everything in writing after the agreement before you make a payment, then request another letter stating that the account was "Paid in full". This will help increase your credit score, and avoid the remaining balance being sold to another collection agency. Good Luck! There is no "one size fits all" in debt settlement or dealing with debt. Many debt settlement companies just don't get it. For example, if a debt is time-barred, why offer anything? Even 30% is a terrible settlement of a time-barred debt. Likewise, if you have a good unfair debt collection counterclaim, you may be entitled to a substantial set off or cancellation of the alleged debt completely. If your only income is social security or other exempt funds, you have no other non exempt assets and your credit is hopelessly trashed, why offer anything? You are probably judgment proof. If debt settlement is not going to get you out of debt for many years, maybe you should be looking at bankruptcy and rebuild your credit by starting over. Many financially successful individuals are just that because they filed bankruptcy. Donald Trump didn't solve his financial problems by working with a debt settlement company. On the other hand, if you have garnishable wages or bank accounts and you have just been sued, a 90% settlement may be a good deal if it avoids an inevitable judgment, garnishment and damage to a credit score you need to protect. Debt settlement helps you in reducing your credit card debt & other unsecured debts. yourdebtfreeadvisor.com provides credit card debt settlement,tailor made plans for debt negotiation and giving you relief from your debts & taking the financial burden off your shoulder.
The Clear Credit Corporation is a company that helps people improve their credit and maintain a good credit rating. The services they offer include the following: credit score optimization, credit restoration, debt settlement, and credit score consulting.
If the collectors are an agency acting for the original creditor you can contact the OC to ascertain if the settlement offer is still valid. If the collector is a third pary agency that has purchased the account from the OC, any settlement negotiation will have to be done with them.
Maybe, you would have to negotiate with them and see if they are willing to accept a different offer; if they are not interested then the decision stands.
Yes, and many attorneys will do a property search before they even take a case (let alone win), so that liens can be prepared in advance of the judgment being entered and filed the same day. In fact, many jurisdictions offer the "lis pendens" lien when a case has just been started, and it can only be resolved by recording the settlement or other release.
Depends on the following: What was the judgment in question? Were you legally married/seperated/divorced/single at the time in question? Was the return filed jointly or seperately? I am afraid I cannot offer any other info without specifics.
== == Offer a settlement on your tax liens. Negotiate a payment plan with your judgements. This is in order of importance. Once you are done with this process, then negotiate a settlement for your collection accounts.
Most of the time it won't unless the managers or owner ran a credit check before you moved in, if so it would be listed as "public record" on your credit report because they had to file an eviction notice at the courthouse in order to get you out.AnswerThe actual eviction does not show up in the body of a credit bureau credit report. If a judgment for nonpayment is granted for unpaid rent or other cause, that judgment appears on the credit report under public records. The actual eviction will not. However, most landlords now use third party agencies to obtain the credit bureau credit information and combine it with court records(public information about filings, not just judgments.) Those 3rd party reports often include followup with former landlords. Thus the disclosure of evictions. Good luck!