Sentences with phrase «debt for pennies on the dollar from»

Not exact matches

Even more frequently, the creditor sells the debt (usually for pennies on the dollar) to the agency and steps away from the matter altogether.

If you have collections and you want to settle by paying less — which is advisable as many collectors buy debts for pennies on the dollar anyway — make sure you have an agreement in writing that the account will be deleted from your credit file (s) before paying a dime.

The debt buyer purchases 1000s of unpaid accounts from Chase for pennies on the dollar.

If a debt relief company tells you they can settle your debt for «pennies on the dollar,» or that they can «remove bad information from your credit report,» this is a sign of a debt relief scam.

Tip - offs to Rip - offs Steer clear of debt negotiation companies that: 1) guarantee they can remove your unsecured debt 3) promise that unsecured debts can be paid off with pennies on the dollar 4) require substantial monthly service fees 5) demand payment of a percentage of savings 6) tell you to stop making payments to or communicating with your creditors 7) require you to make monthly payments to them, rather than with your creditor 8) claim that creditors never sue consumers for non-payment of unsecured debt 9) promise that using their system will have no negative impact on your credit report 10) claim that they can remove accurate negative information from your credit report.

Would just like to mention - and this is from a bankruptcy atty. - that if your credit card debt goes to «collection», this means it has been sold off to a collection agency or lawyer for pennies on the dollar - and almost Never includes the paperwork.

Plus, if they're a collector that has purchased debt from your creditor, they likely bought your debt for pennies on the dollar.