Whoohooo!

[lovemybugs10]

Discover settled for 40% of the original balance. They were willing to take it in payments over 6 months.

They signed for the first check yesterday! Can't wait until this stuff is done with!

[Quagmire]

Details! Details Please!Lovemybugs10!

Quagmire

[flyinbroke]

Hope you got in writing that they would not sell off that 60 percent. They have a way of sneaking up on you later.

[lovemybugs10]

I got it in writing that they would accept it as paid in full.


To answer the questions- I haven't paid my cc's in about a year. I started receiving calls right away when I missed my first payment. They called at least once an hr when they had my number.
Then I moved out of state.
They filed a suit against me in my old state, but never moved forward with it (because they couldn't find me)
When I saw the suit on file- I called and made them an offer of about 25% (that I knew they wouldn't accept) they said they would accept 50% of the total balance, with all the fees added in. I then offered 40% of the original balance (without all the fees) and casually mentioned bankruptcy and that this was the best we could do.
and they accepted.

[Quagmire]

Great work Lovemybugs10! Thank you for the details, and I hope that everything works out okay for you.

Quagmire

[jacko]

Congrats, you now owe the IRS some dough.

Discover settled for 40% of the original balance. They were willing to take it in payments over 6 months.

They signed for the first check yesterday! Can't wait until this stuff is done with!

[lovemybugs10]

Thanks, Jacko- you are always so positive.

I will owe the irs less than what I would have paid Discover had I filed or let them garnish.

[LoadedGuns]

Thanks, Jacko- you are always so positive.

I will owe the irs less than what I would have paid Discover had I filed or let them garnish.

No Chapter 7 eligibility lovemybugs10?

[lovemybugs10]

No where close. High dmi. and we can pay it without bankruptcy so we think that we should.