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?

897 Answers

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-29

Advanta has closed...Deny all and wait for them to take you to court. All the losers buying your $10,000.000 debts for $5 and then harrassing you dont stand a chance. Don't be intimidated. the statue of limitation in utah is 4 years. After that they cant legally persue you and you can wipe them off your credit report. Debt management companies are rip offs, your better off going to court and settling. burden of proof is on them, you couldsettle for 25 % and   make $25 a month payments forever by saying you cant afford it or dont have a job 


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-32

we are being sued from federated financial to which advanta sold it to. we are being sued out of state in UTAH by a junk debt buyer atty named DUCKWORTH. they come up with bogus paper work and what look like old bills with GET THIS PHANTOM PAYMENTS WE NEVER MADE!,so watch out for this crap! saying they can sue you out of state in utah and win and get a default in your state,! you must answer and deny all!! dont hide its easy!


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-38

Same here, been getting letters and calls from Carson & Smithfield LLC, haven't responded or paid them anything, let them sue, I have nothing left, don't own anything... they can't get blood from a turnip.

 


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-34

PAYMENTS YOU MAKE GO TO THE F.D.I.C. , AS THEY TOOK OVER THE ADVANTA BANK A LONG TIME AGO.

 THEY SAY THEY ARE UNWILLING TO GIVE A BETTER INTREST RATE OR LOWER PAY OFF

FOR ANYONE--I MUST KEEP PAYING THEM  OR --- MORE/HIGHER INTREST RATE/LATE FEES

AND ALL OTHER CHARGES THEY ARE ABLE TO ATTATCH TO THE BALANCE.

AUGUST , 23rd,2012 AT 11:50am ---  may we all have better luck if w/any other banks that we may owe.

I guess I'll just have to stop paying and see what happens.


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-23

I still get the occasional call from Carson & Smithfield LLC, which is Cardworks Servicing's new name.

Still haven't paid a dime.

I don't expect they'll ever sue.


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-24

Adavanta told ME they will send the 1099 not in the year it became valid but when it was to their advantage in the future say 2013. 2 years later. I closed my account in 10, reduced paid off in 11 and expected a 1099 reflecting that fact. They said they are saving it for next year. I want to declare it anyway as it is applicable in my records now not next F ing year.


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-39

 

I quit paying on my balance of 11k in September of 2011, I get two calls a day from advanta / card works of which I never answer. I have sent them a debt validation request 3 times, each time they respond with a copy of a computer print screen application. I have responded stating that according to the FCRA they need to produce something with my signature proving that then debt is valid. They can’t, but they continue to send me a monthly bill showing late fees and higher interest charges... I guess I will just continue to throw them in the trash until they can prove that I am obligated to pay them anything.


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-27

My Advanta account landed with Creditors Interchange. I'd worked with them before on another charge off.  Of course I never paid any small amounts and then waited till I had a sum to offer.  15% on a $21,000 debt and they took it.  Then they have to notify CardWorks which services Advanta accounts who then notify the CRBs.  It was taking so long so I contacted CardWorks myself, faxed them the settlement letter from CI.  CardWorks was surprised that I got CI as low as 15%. Good luck!


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-35

I sent Advanta an accord and satisfaction check- for 7% of alleged balance, with letter of dispute in June 2010, kept hetting calls for a while, then got a postcard from CardWorks with a 25% settlement offer. I sent them a copy of the accord and satisfaction check and the letter of dispute. The only thing I've heard since was a letter from CardWorks stating that they made a mistake with one line of text on the postcard (they had a class action against them for certain wording on the postcard). Haven't heard anything from anybody since.

 

Advanta got what they deserved.


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-33

I still get the occasional phone call from Philips & Cohen. That's all that has happened.


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