Advanta Bank is not willing for debt settlement - what to do?

I talked today with a lady regarding my 57 day late Advanta bank corp account. First of all she mentioned to me debt management, I then mentioned to her that dmp would not help my monthly payments be lowered and I mentioned debt settlement. She then told me that they do not deal with DS companies as they require them to "sell" my account and they don't do that. I had never heard that before. And she also said that as of the 30th my account would leave her department and so somewhere else, collections I assumed. I explained my situation to her and she wasn't rude but she still was wanting me to make a whole payment when I had just explained that I could not. We then got cut off when I went down into a bad cell phone place. If they don't deal with DS companies, will they deal with DS lawyers?

927 Answers

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I settled my advanta card 3 weeks ago through cardworks servicing llc for 30% I just wanted them off my back and they would not budge for any thing lower. From my 11 accounts which I have settled 8 of them this people are a nightmare. My other accounts have all settled for under 30% but not advanta. GOOD LUCK:p


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Marcus Dimitri
Advanta Bank Corp
Portfolio Manager
800-451-3213 ext 7784

This is the person calling me, has anyone had any dealings with him.


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[QUOTE=Anonymous;355913]I talked today with a lady regarding my 57 day late Advanta bank corp account. First of all she mentioned to me debt management, I then mentioned to her that dmp would not help my monthly payments be lowered and I mentioned debt settlement. She then told me that they do not deal with DS companies as they require them to "sell" my account and they don't do that. I had never heard that before. And she also said that as of the 30th my account would leave her department and so somewhere else, collections I assumed. I explained my situation to her and she wasn't rude but she still was wanting me to make a whole payment when I had just explained that I could not. We then got cut off when I went down into a bad cell phone place. If they don't deal with DS companies, will they deal with DS lawyers?[/QUOTE]

Advanta can be dealt with. I called a company at 866-833-6398 and they settled for less than thirty cents on the dollar.


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[QUOTE=Marcello;762022]Who served you with a lawsuit?? Cardworks or some other 3rd party collector. Let us know "WHO" and maybe we can try and help you with some info.[/QUOTE]
advanta bank is the plantiff, they are being reprsented by a law firm in tampa. I thought advanta filed bk or closed....


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I just came across this site and I am in it deep with Advanta also. After them smacking my personal credit report with a 60 day late I have a written agreement with them for a year at 3.99% on a 25K balance ( comes out to $540.00 am month) Theses guys sucked 35% interest on me for almost a year until I jsut couldn't pay anymore. My personal credit report is important to me and am doing everything I can not to trash it becasuse of advanta. My other credit cards took away my most of my credit lines already. Should I just stop paying them?? I would go for one of those 30% settlement offers just not to trash my credit.


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The mortgage is on my second home. It is a condo that's been on the market for 4 years. Foreclosures in the building forced me to keep lowering the price until I owed more than current market. I've been delinquent since Sept 2009.

My Attny charges $300/mo so he has a vested interest in delaying it. The lender "approved" my shortsale and sent a document for me to sign...the fine print said I aggree to remain obligated on the loan even though I am selling the property. What total scammers! We sent it back unsigned.

He then filed a motion to dismiss the foreclosure. Not just because of back-log but because of the lenders poor record keeping they are looking at 2 more years of legal bills when all they had to do was remove that rediculous stipulation.

Advanta was the first creditor to screw me.

Everyone who reads this please know I have been licensed by the department of Banking and Finance since 1990. Prior to, I have never been late on a payment to anyone. The Banks stopped making loans to deserving borrowers. Our economy is based on finance-period! Banks drove the economy into the ground and it will remain here for years to come.


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Nothing more to calm your nerves, but you can be sure the collection agency trolls will be back here soon with some lies to jangle them...


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Allied International is real: [url]http://www.aiccorp.com/[/url] I doubt they bought the debt.

Years back there was an outfit called Allied Interstate, and it may have been a sister company under the same umbrella ... it went BK. Very bad reputation.


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Can anyone provide a good number to call for a debt settlement ???


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Hey Lucken10,
Why 7% for accord and satisfaction check. I thought you can send in as low as 3%??
Please help me out by explaining why you chose 7%.
Thanks


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