This board is driving me crazy...

**susanna** · 05.21.2002, 19:25

I am getting such conflicting advice here that I don't know who to listen to...

Now that I've made a decision to settle this account, I'm being told -- Don't settle without a good tradeline...

I can't win for losing!

**aigle** · 05.21.2002, 19:31

I'll post my ignore list then it would be easier.

**susanna** · 05.21.2002, 19:32

Originally posted by aigle
I'll post my ignore list then it would be easier.

Whaat? Please explain...

**tonyastime** · 05.21.2002, 19:32

You know everything on this board is about you ultimately making your own decisions. Relax, think about what you want to do and do it. We are just here to support each other and spread the word about what has worked for us.

anyone else?

**tmitchell** · 05.21.2002, 19:35

Susanna....

The bottom line (and I think EVERYONE will agree):

Send validation first. If they fail to validate, send estoppel and then dispute with CRA. if they can't validate, give them nothing.

If they DO validate, you then offer to settle the account for less than owed in exchange for deletion. If they balk, offer full payment for deletion (or at least "not rated").

In worst case scenario, they don't budge after they have validated. In this case, pay them and dispute later and hope they fail to respond and it gets deleted.

Now if the amount owed is $1k or greater and they have validated, be careful - they may sue. If you really think they will, you are probably best served by paying or settling. Even at that, you should try to negotiate a deletion in exchange for payment.

**SweetnSas** · 05.21.2002, 19:38

susanna,
Sorry you're being confused here.

Like Tony said, we're here to support. So many things work for different people that you really can't take one thing and run with it.

Weigh all the options and do what you're called to do for yourself.

Good luck!

Originally posted by susanna
I am getting such conflicting advice here that I don't know who to listen to...

Now that I've made a decision to settle this account, I'm being told -- Don't settle without a good tradeline...

I can't win for losing!

**radiohead** · 05.21.2002, 19:39

Originally posted by susanna

The amount is for 20K with MBNA, 150-days late. They will chargeoff the account on Friday if I don't come to a settlement. They gave me 2 options: 40%, settled; or 24 mos., 0% interest, paid/current staus with 150-day late. Will not reopen account. I already have an AMEX chargeoff from 2 years ago. Sooo, I decided today to settle and told them that. They will not change the tradeline to a positive. In fact, once I send them a check for 8K they will change it from an R5 to an R7. Many on this board thnik I will be sued and this will go to a judgement status if I don't do something. Someone said to me -- chose purgatory over hell. So, that's where I'm at, but I am feeling screwed over the tradeline issue...

Dispute it off later...

**susanna** · 05.21.2002, 19:41

Originally posted by radiohead

Dispute it off later...

Rumor has it that MBNA is VERY good at validating. What do you think my chances are? Any tips? That would make me feel a whole lot better, if I knew I might get it off later.

**Kiyi** · 05.21.2002, 19:45

you would be better off filing BK

**tmitchell** · 05.21.2002, 19:46

For an amount such as $20K, you pretty much are at their mercy - you can be certain they will sue and then the judgement becomes a larger problem.

Settle the account.