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If you would like to consult with me about your Discover debt you can reach me at 800-939-8357, choose option 2. If you are dealing with an attorney collecting for Discover, and want affordable legal help to handle the court process while working toward settlement, fill out a profile on this site and get help.
The Discover debts have been growing since you stopped paying with late fees and increased interest rates, and later with judgment interest. They are not going to go away. Judgments can be renewed. Depending on the state you are in, judgments can last 20 years, or even longer.
Yes, you can negotiate and settle a credit card lawsuit. In some cases, if you cannot raise enough money to settle in a lump sum, you will be able to set up affordable payment arrangements to keep from being garnished, or your bank account levied. Being sued for a credit card debt happens at different stages of collection.
Balance APR Max Limit. Chase: $7117 15.74% $8,000. Wells Fargo: $6727 14.49% $10,000. Walmart Master: $6734 24.99% $7,800. Reply. How do hardship payment plans for credit card debt work? How to qualify for your banks repayment programs. What are the benefits? Learn more.
Charge off is a simple accounting principle where a lender must recognize a loan or credit card as a non performing asset when it has gone unpaid long enough. A charge off event does not limit the creditor from continuing to collect or even sue you in an attempt to collect. Discover can charge off the credit card debt and send the account to a ...
Once sued, I recommend consulting with an experienced debt collection defense attorney. Most offer an initial consult at no cost, and you will be able to make better, and more informed decisions afterward. You can reach a debt collection defense professional at 800-939-8357, press option 5.
I fell behind on my Discover Card and they sold my debt to Financial Recovery Services, INC. The last payment I made was sometime in May or June of 2011. The balance of the Discover Card is $6905.62. I just received a letter from the collection company offering me a 40% settlement deal. I called and told them that I can only afford 30%.
If you do enroll in the plan, be sure to inquire whether the 30-60-90 day late payment notations will be brought current on your credit report. Chase and other credit card issuers (like BofA, Citi, Discover, Capital One, HSBC) will offer what is called re-aging to account holders that participate in long term repayment plans.
Yes, Discover is still mostly the same with their collection practices. If your brother has no assets and only income is protected, I am not sure I would be going through with settling Discover. They cannot force the payment even if they did get a judgment. I am with you on wanting to make things easier for him though.
Amex- minimum payment $48 balance $ 2018 Interest rate 17.24% current BOA- $64 $2891 14.49% current BOA- $200 $7386 20.24% late 2 weeks Capital One $303 $10, 196 23.15% current Chase- $118 $4419 18.49% current Credit Union $59 $2937 9.99% current Discover- $185 $9278 14.99% late 3 weeks