Ways to get a loan with bad credit

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I have read in a couple places that some folks recommend mentioning possible bankruptcy to the debt collectors, basically saying that you are looking into it with a bankruptcy attorney, and that this sometimes will give you a little more leverage to reach a good compare ways to get a loan with bad credit loans for bad credit settlement. If one were to file bankruptcy, they may get nothing at all right? Obviously, I would avoid mentioning this unless the collector is really playing hardball. We are taking the 800 bucks per month that we are saving from making cc payments, and stashing it in savings. We want to have 3 or 4K in savings to be ready to settle with lump sums. I have read in a couple places that some folks recommend mentioning possible bankruptcy to the debt collectors, basically saying that you are looking into it with a bankruptcy attorney, and that this sometimes will give you a little more leverage to reach a good settlement.

If one were to file bankruptcy, they may get nothing at all right?

Obviously, I would avoid mentioning this payday advance loans unless the collector is really playing hardball. We are taking the 800 bucks per month that we are saving from making cc payments, and stashing it in savings. We want to have 3 or 4K in savings to be ready to settle with lump sums. We let them know we had significant medical issues going on, and also used the below wording on the phone with them...

They called us the next day and we set up the payment. There is really only 1 thing that I am a little confused about though....

I thought that all credit card banks automatically charge-off after 180 days? Then I assumed that after charge-off, you are then dealing with a collection agency. The 3 cc banks that I have cards with are Bank of America, Citibank, and Chase. Did you successfully settle with all of your cards? Bkakca, in your settlement journey, werent you worried about any of them suing? I have read in a couple places that some folks recommend mentioning possible bankruptcy to the debt collectors, basically saying that you are looking into it with a bankruptcy attorney, and that this sometimes will give you a little more leverage to reach a good quick pay day loan settlement. If one were to file bankruptcy, they may get nothing at all right? Obviously, I would avoid mentioning this unless the collector is really playing hardball. We are taking the 800 bucks per month that we are saving from making cc payments, and stashing it in savings.

We want to have 3 or 4K in savings to be ready to settle with lump sums.

If you qualified and filed for example, ways to get a loan with bad credit a chapter 7 bankrupcty, then they would most likely get nothing. You can also play hardball as bkakca stated by saying that you will just wait for the Statute of Limitations to run out. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm ways to get a loan with bad credit or any individual attorney. Please Read our Bkakca, in your settlement journey, werent you worried about any of them suing? We successfully settled each card, there were four, if memory serves. Citi was charged off and sent to a short term loan direct lender CA called Client Services, and we settled that one with them. During that consult, they recommended we stop paying on our cards as well, blow everything up at once they said, and get it over with. We had never been late on anything either, and it was very hard. The attorney wanted to settle the cards for us too, and told us it would be in the 40-55 percent range.

I had already found LoanSafe and had been reading everything I could, so we told them we needed to think about things first. Within a day or two, we got settlement offers from BofA on both Helocs (just lucky timing, as they had a bunch the wanted to get rid of). I think we had to do about 45-50 percent to settle that one. It gives me hope that my situation can in fact work out. Your settlements were exactly what I am looking for. I am taking notes and stashing cash in my savings account, so I can be ready when settlements can be reached. I am really only confused about 1 aspect of this whole thing though..... I am not concerned about my credit score, so this is not a factor at all. I AM concerned however about being sued, and having my wages garnished.

I just want to have a good grasp on whether to settle before or after charge-off. IF anyone else has any advice on this particular subject, please chime in! Oh and, I assume Bkakca that your credit score was trashed, is it starting to recover yet? It gives me hope that my situation can in fact work out. Your settlements were exactly what I am looking for. I am taking notes and stashing cash in my savings account, so I can be ready when settlements can be reached.


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I am really only confused about 1 aspect of this whole thing though.....

I am not concerned about my credit score, so this is not a factor at all. I AM concerned however about being sued, and having my wages garnished. I just want to have a good grasp high street payday loans on whether to settle before or after charge-off. IF anyone else has any advice on this particular subject, please chime in! Oh and, I assume Bkakca that your credit score was trashed, is it starting to recover yet? I would not contact any of them for settlement, that makes you seem worried and them less likely to offer their best settlement (unless you are been sued). Do to business failing, we defaulted on payday loans no faxing everything at once, around 20 different accounts and mortgages, settled about 10-12 of them only. SOL ways to get a loan with bad credit has passed but because we no longer have any credit our credit scores are trashed, went from about Ok just thought I would give a little update. So far, the banks have started to call and email, notifying us that we have missed payments. It is a free service he offers, and he actually recommends settling on guaranteed personal loans for bad credit your own, as opposed to hiring a debt settlement company. I knew this already, but it was good to hear him say it as well. What I have learned so far, is that I may have gotten lucky, specifically with the 3 banks I am going to be dealing with. The information that I got from Michael on the phone is... Obviously not impossible, because it can depend on who ends up with the debt.

But I have already stashed 3k into my settlement savings account, and plan to stash another 4 or 5k within the next 3 months. Whoever gets down to around that range first, I will take the deal. Normally, I would not have the kind of cash flow needed to stash this kind of money in savings, but my co-worker is out for 2 months with back surgery, and I am working 60 hours a week. I will keep you all informed as the process unfolds. So, it looks like post charge-off is what I am going to be working with, most likely.

The 3 banks Michael warned of (most litigious) were (in this order) American Express, Discover, and Capitol One. You can look at the dates on my post to get an idea of the timeline of everything.

I am posting this in hopes that it will help some folks, since you have all given out such valuable information. As of today, most of my debt mentioned above (Chase, BofA, and Citibank cards) has been sold off to junk debt buyers. Bank of America was my highest balance (13,000), and they sued me 3 weeks ago. I did a little research, ways to get a loan with bad credit and they do all of the credit card lawsuits in my county, and all of the surrounding ones.

We have about 12k in our savings account, so I hired a local attorney (a good family friend), and he is handling the suit. I plan to post here again once the smoke clears to let you all know what happened. BofA has all of the documents to easily prove that we owe. My attorney explained that they will more than likely easy loans for bad credit online settle, because collecting 7k in a lump sum today will be a bird in the hand for them. Whereas, collecting on a judgement is difficult and costly at best, plus even if they do, it will take years of garnishment to collect.

You can look at the dates on my post to get an idea of the timeline of everything.

I am posting this in hopes that it will help some folks, since you have all given out such valuable information. As of today, most of my debt mentioned above (Chase, BofA, and Citibank cards) has been sold off to junk debt buyers. Bank of America was my highest balance (13,000), and they sued me 3 weeks ago.

I did a little money in advance payday loans research, and they do all of the credit card lawsuits in my county, and all of the surrounding ones. We have about 12k in our savings account, so I hired a local attorney (a good family online direct lenders friend), ways to get a loan with bad credit and he is handling the suit. I plan to post here again once the smoke clears to let you all know what happened. BofA has all of the documents to easily prove that we owe.

My attorney explained that they will more than likely settle, because collecting 7k in a lump sum today will be a bird in the hand for them. Whereas, collecting on a judgement is difficult and costly at best, plus even if they do, it will take years of garnishment to collect. Just wondering if you have any updates since this was over a year ago. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Guess we just need to forge ahead with a fistful of daisies and our faces to the sun, and count our blessings as we go. Hey Maurice I had a question for you with regards to a similar situation with Nationwide Credit as well. I am looking to sell my home and have a 2nd that was closed as a charge off with OCWEN with a balance of 45K back in 2014.