ARS recovery systems called today with ultimatum to settle or get sewed, it is an outstanding debt from 2002.
This was something my ex did long ago and he never paid. My name was on Sears card.
I checked with Jackson County MO cours for judjements, and their is one, here is the result that was filed in 2002. Per ARS they told me that my wages will be garnished if not come to some agreement of payment, how soon can they do that?
So, you say typically settlement is for a fraction of the amount. With your experience in a situation of Orig. debt was $3.5K, no with interest and such some rediculous amount of $7k, negotiating settlement is usually for a certain percentage, please advise.
Principle dept means the original debt, now I know how to negotiate, after proof of debt and proof of standing to collect. I will start at $1500, that seems reasonable to me. I will have to take care of this.
Thanks for your help.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).