A friend of mine recently defaulited on all his CC's. I think he also paid some gargantuan fee to some credit solutions legal company to help him.
Well, he defaulted on a DISC card and within 4 months they sent the account to Mann-Bracken upstate. MB has an office in this state and filed a suit within a couple of weeks!
Now, he is all caught up in working on an answer. Geesh, I don't get it. He is really relying on this credit counseling attorney group to bail him out. They are not even located in this state. They just supply him with written info and also supplied him with his "answers." He said he has 30 days to respond before any action can be taken. I told him to read the court papers carefully, as the plaintiff can ask for a summary judgment within 20 days. They can they move forward on garnishment, bank levies, home liens, etc. If he should win at trial, then he would get any pre-paid judgment money returned to him. I have bent over backwards explaining to him that he not going to win in our local circuit court. He still doesn't get it. He is on unemployment, is upside down on home value by $20K - $30K, and he is well within his exemptions for everything else, including vehicles.
His credit is now trashed, but supposedly this credit solution company will help him fix that. LOL. He is a prime candidate for BK 7, but for whatever reason he seems convinced that his apporach is the best one.
I told him to visit the BK forum here and start reading. I think there could be some large cash advnaces involved 150 - 180+ days ago, but I don't think this would be an issue. He could get sued and have all kinds of judgments and ride it out for another year.
My point here is that so many folks get caught up in the "We can help you" websites, when they can truly help themselves.
Has anyone else heard of these attorney firms that you pay to help you beat debts you acquired? It seems prety strange to me.
Well, he defaulted on a DISC card and within 4 months they sent the account to Mann-Bracken upstate. MB has an office in this state and filed a suit within a couple of weeks!
Now, he is all caught up in working on an answer. Geesh, I don't get it. He is really relying on this credit counseling attorney group to bail him out. They are not even located in this state. They just supply him with written info and also supplied him with his "answers." He said he has 30 days to respond before any action can be taken. I told him to read the court papers carefully, as the plaintiff can ask for a summary judgment within 20 days. They can they move forward on garnishment, bank levies, home liens, etc. If he should win at trial, then he would get any pre-paid judgment money returned to him. I have bent over backwards explaining to him that he not going to win in our local circuit court. He still doesn't get it. He is on unemployment, is upside down on home value by $20K - $30K, and he is well within his exemptions for everything else, including vehicles.
His credit is now trashed, but supposedly this credit solution company will help him fix that. LOL. He is a prime candidate for BK 7, but for whatever reason he seems convinced that his apporach is the best one.
I told him to visit the BK forum here and start reading. I think there could be some large cash advnaces involved 150 - 180+ days ago, but I don't think this would be an issue. He could get sued and have all kinds of judgments and ride it out for another year.
My point here is that so many folks get caught up in the "We can help you" websites, when they can truly help themselves.
Has anyone else heard of these attorney firms that you pay to help you beat debts you acquired? It seems prety strange to me.
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