Hello. I have been sued by an attorney for Dis

Hello.

I have been sued by an attorney for Discover. I have offered about 30% to settle. Just sent a letter to the attorney office. Have not had any contact on phone or in person. No response on the offer. I fully expect they won't take it for a 7,000 debt but wanted to start low.

If I do get them to settle for whatever amount, what happens next? I know I should get all in writing but how is the case usually ended and does these law firms also charge you above the settlement amount?

Thanks in advance and good luck to everyone.

5 Answers

Lynda is right. Once the debt is settled, the law firm is supposed to update the account status as "Paid as Settled". Some law firms don't update the account status even after the debt is settled. So, check your credit report after settling the debt.


If you have been served with something from the Court in your State, I would always answer that first.  And, yes, always check the statute of limitations for your state. If you owe the debt and want to settle, then definitely contact the attorneys' office by phone, and in writing.  And contrary to what Soaplady said, ALWAYS do everything in writing.  Even if you call, take the time to write a follow-up letter, giving exact details of what was discussed, what was agreed upon, and the name of the person you spoke with.  And please, unless they can fax you at your home, or you do not care about about your personal business being spread around the office, do not have them fax you.  But, wait, that might be a third party disclosure of a debt, unless you expressly permit them to fax to your office.


Discover doesnt let accounts get outside the SOL very often...they are very agressive. They will have proof and will win.

There is absolutely nothing fishy about this case.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

First, check your states Statute of Limitation to see if you can avoid paying all together. Also, make sure they actually own the debt. I would certainly file a response to the citation because debt collection agencies  always want an easy default judgement and never a real court house fight. It always shocks them when you respond to the suit because most people just ignore it and end up loosing. Learn your laws on debt collection and make sure to remove money from your bank before a judgement is issued if it is at all: ) Something sounds fishy about your case so check it out before paying them anything! If you were to loose and they dont want to settle you can always file bankruptcy if the debt is too high. "I am not an expert" : )


Do not waste your time writing....they are not going to respond.  Call in your offer...if they accept, get them to fax you an agreement.

 

Do NOT waste your time on a debt settlement company....do it yourself.   Do your research online as to how much they will settle for. 

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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