Send them a cashiers check for the balance in full. Otherwise, hope they do not repossess it. Can happen any time.
Community Tax Relief can help a person settle an IRS debt. They offer flat rate payments and 0% interest payment plan options. All of their negotiators are tax attorneys.
50% interest if you settle 0-6 months 65% interest if you settle 6-12 months so if you borrow $2000 you pay $3000 if you settle within 6 months or $3300 in more than 6 months
Within 2 months from the procedure.
That would be something you would have to settle in a small claims court.
File Bankruptcy or threaten to since they would yield nothing if you do. They will want to settle fast.
Ask the creditor what they will take as a settlement. They don't have to settle but they might.
Seek legal advice.
3 months
It takes a couple of months for the hormones to settle.
Personally speaking, it is better to settle with a collection agency rather than making monthly payments. Theres only one ceveat....you must pay the collection agency in full. Example, lets say you owe $1000 to a credit card company. A collection agency will say, pay $600 NOW and this will settle the balance. So, if you dont have $600, its a 'catch-22'. You are better off making the monthly payments until the $1000 is paid.
If you make an Offer in Compromise with the IRS, there are generally three options: 1. Cash Offer: Pay 20% up front when you submit the Offer. The remaining must be paid within five months of written acceptance. 2. Short Term Deferred Offer: You make monthly payments for 24 months of the amount you offer. Note that you must make the first monthly payment when you submit the offer, and you must continue making monthly payments while the IRS is considering the offer. If the IRS rejects your offer, they keep the money and it is applied towards what you owe. 3. Long Term Deferred Offer: You make monthly payments for however long is remaining on the 10 year statute of limitations. Note that the option you choose will change your settlement, because the IRS calculates each one slightly different. The cash offer will be the lowest settlement.
You might talk to a lawyer and settle it in small claims court.