I had a business, that unfortunately failed, built

I had a business, that unfortunately failed, built up alot of debt and the biggest one, AMEX, 35k was sold i guess to URS....1. Can i stop paying them and pray the don't sue 2. if i stop paying can they report me to credit bureau? I ask that because they are not on my credit report and i have been paying for almost 2 yrs now.

3. any other suggestions, ie make a ridiculous offer via certified mail as they don't seem to be willing to negotiate . Meanwhile everyone else has negotiated with me.

Thanks for any input.

PS how am i suppose to answer the security question with a sum? LOL

2 Answers

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Thanks as it seems that URS is unwilling to negotiate.....Everyone else i started off at 20-25% and worked my way up to no higher than 50%.

 

Is URS traditionally one of the harder companies to deal with?

and

I can actually get a debt consultant to negotiate for me?


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If you stop making payments, then you are most likely to be sued. They can report the delinquent account to the credit bureaus. You can get help from a debt relief company to pay off your business debt. They debt consultants can negotiate with them in a better way.


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