Debt assigned to a lawyer -- will they negotiate 25% settlement or less with me? I am homeless & on welfare.?

Question

The debt was first assigned to a collection agency, then it went to a law firm August of 2006. They have not contacted me in five months.

Answer 1

technically if you are homeless and on welfare they can't do anything but call you and harass you..if you go to work, they can garnish wages..have you thought of bankruptcy..there are free legal services to help you with this... How can pay even a little bit if you need to save money for a home...? They will negotiate but they will continue to harass you for the full amount no matter what unless you file bankruptcy..I know from experience..

Answer 2

Even many of the debt contract "attorneys" are scams. you may possibly negotiate contract your self lots swifter. Derogatory products age off credit comments 7-a million/2 years from the date of first deficiency. it relatively is consistent with the FCRA and the Statute of barriers (SOL), the time-physique to convey lawsuit, has no longer something to do with the reporting era. do no longer waste time attempting to dispute the object with the credit bureau. touch the sequence employer and grant them 10% to twenty% in a lump sum. factor out that the debt is previous the SOL and which you're basically attempting to freshen up your credit. Get the contract contract in writing and save that contract, alongside which incorporate your fee evidence, perpetually. do no longer provide the collector direct get admission to on your economic business enterprise account. word that despite in case you negotiate a freelance, it ought to nonetheless take forty 5 days in the past the pay off shows on your credit record, finding on whilst the collector updates to the credit bureau.

Answer 3

of course they'll negotiate.. make sure you get everything in writing... their offer, and their agreement to accept the settlement as payment in full.