online pharmacy Weekly seel canadian pharmacy online ,;# cheap kamagra purchasing perscription drugs online. FDA approved canadian pharmacy !!@. buy cialis professional allowing for medicaments and health products. Providing services of usa online pharmacy delivering medicines at your door. Safe money with buy cialis {%[ cialis professional online of seeing a doctor. Doctor consultation Canada pharmacy and send the orders to customers. Is it legal to mail prescription drugs? Yes, online pharmacy Each of our buyer is entitled to obtain information about the source of any medicine. We try to keep price lists up to date. Price list of our pharmacies are updated daily - go to online pharmacies ~~?! order viagra professional where will be able to see the entire range of products. Debt Settlement Story - Part 2

A Debt Settlement Miracle – Part 1

If you are new to the blog, click HERE to start at the beginning of my story.

POST #30?

Mafia spaghetti with seafood and tomato sauce

How do we create an airtight counter offer?  An offer they can’t refuse….not because of the threat of a bloody horse head or anything “silly” like that. More like an offer where the numbers make so much sense that they are realistically un-movable.

Here’s where we stood:

  • Their offer:            $9808

  • My current offer:  $7500

  • My goal:                $8600

After several conversations with my CRN coach, we came up with the silver bullet.

My current offer was $7500. If I deferred March’s car payment of $514, that would bring us to $8014 – payable today.  Then I make an additional payment 30 days from now by deferring my April car payment of $514. Total offer: $8528. I can’t go beyond that amount because:

  • I have already borrowed from EVERYONE I could.

  • I have deferred as many other bills as possible.

  • I can’t defer my mortgage because that would jeopardize the loan mod process.

  • If it weren’t for the loan mod potential, I would just declare bankruptcy and fore-go all of this effort.

NYC - Queens - LIC: 5 Pointz - Roadrunner and ...

There were so many aspects about this offer that made it genius – in fact it was super genius.

I can say this without bragging because I didn’t come up with it -  my CRN coach did. Obviously not her first rodeo. It was exactly this type of creative bargaining that can make or break a deal.

I called Billy in Recovery and made this counter offer. He was impressed by our creativity and resolve, though not AT ALL confident.

He went to the sup and very quickly came back with the same $9808.00 offer from yesterday.

I thanked him for his time and reiterated my intention for doing all of this was 3 fold:

  • To shield my family from anymore hardships.

  • Hold on to my house.

  • Offer a good faith settlement to the bank.

He was again sympathetic.  I asked him to bypass his sup and PLEASE talk to his manager. He agreed.

Two hours later, he called me back to say the manager had denied my offer.

It seemed like I had played my last card. What was left to do?

Then it hit me:

  • Maybe Billy’s compassion for me was a direct result of how I was telling the story.

  • Maybe if I spoke directly with the manager he would “get it” too?

Lucky for me, Billy agreed to make that happen.

Stay tuned. Stay afloat. Wealth and freedom are in your future.
Jonathan

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A VISA Debt Settlement Offer

If you are new to the blog, click HERE to start at the beginning of my story.

POST #29

This is the day!!!!

Famous last words…..well it wasn’t THE day, but it was a BIG step forward.

I got on the phone with my contact in Recovery, let’s call him Billy. I had done my dance of the purgatory fairies the night before. Apparently they heard me because my account was in his system.

Billy was a down home kinda guy. A slow, calm droll to his voice – focused, smart and confident, but no attitude.  Quite frankly, I felt lucky to have found him. He seemed to understand my plight and was willing to work with me. Usually, I don’t believe in bonding with your “salesman” but with Billy it was different.  He was authentic, so I trusted my gut and trusted him.

He reiterated that $7500 was extremely unlikely. He had seen offers of 40% ($11,200), but only in extreme circumstances.  From his experience, my account was likely to be in his department for about a month and it would take that much time to get the supervisor to consider a deal that even came close to my offer of $7500.  That said, he was a man of his word and agreed to send it up the flag pole.

He put me on hold for less than 2 minutes, came back on and said he couldn’t reach any sups but would try a manager.

In what seemed like 10 seconds, Billy came back on the phone.  He wasn’t the excitable type, but there was a smile in his voice.

Apparently, he had never seen an offer this low and this quick.

$9809.87 or 35%

We were in business!!!!!!

I calmly thanked him, showed my appreciation, but said this was still $2300 over my offer and I had to consult with my credit counselor (CRN coach).

Giant House of Cards
Image by Tjflex2 via Flickr

At this point, it was critical that my story stay consistent. In reality, I had access to about $8600, but our financial story had been a complicated one of borrowing (true), and deferring payments (true). We had allowed ourselves a little bit of wiggle room without telling the bank.  Now that we were going to counter offer above our most recent offer of $7500, we had to mathematically explain how and why it would happen. If there was a hole in the story, it could all fall apart like a house of cards.  The domino effect of which could make my real house fall like a house of cards. Not good.

Luckily, Billy added a little piece of magic to their offer. Unlike so many scoundrels in the collections and recovery departments, he took the pressure OFF of me.

“No one is putting pressure on you to decide today. The offer is good for 2 weeks.”

This is really unheard of!

So close…..but not quite there.

Stay tuned. Stay afloat. Wealth and freedom are in your future.
Jonathan

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Trying To Avoid Charge Off

If you are new to the blog, click HERE to start at the beginning of my story.

POST #28?

I was content to let my account charge off at the end of February and go to the Recovery Department until my CRN coach tried to talk me out of it.

There was a complication that she wanted to avoid. Very soon, I was going to apply for a loan mod on my house (yes my story continues!). She thought it might be risky to play chicken with the bank this one last time. There were for 2 reasons:

thunderbirds
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  • If I got sued by my VISA account, it would destroy my chances at a loan mod.

  • My mortgage bank would be less likely to grant a loan mod if I had outstanding unsecured debt.

With the loan mod on deck, her advice was to not screw around. Let’s land this last deal and move on.

I trusted CRN implicitly so I went along with the advice. I called the VISA department 6 times between 2/25-2/28 in an effort to settle. My CRN rep even decided to step in and make the calls for me. This would end up costing me a bit more money if she landed the deal, but it would be worth it.

We called on Friday, Saturday, Sunday – multiple times each day. We re-told the story over and over. We spoke with call centers in Iowa and Oregon. We weathered threats of judgments and law suits.

PEARL HARBOR, Hawaii (May 4, 2007) - Chief Min...
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Unfortunately, nothing worked. The VISA collections department was firm. And when I say firm, I mean” firm like the buttocks of a body builder” firm.

THEY DID NOT BUDGE.

After our last ditch effort failed on Sunday 2/28, we resolved ourselves to charge off. But not all was lost.

On Sunday evening 2/28 we called the Recovery Department. Apparently, the account would be there on Monday morning. We wanted to get a head start so we called them. We told the rep that our prior offers were for $5000, but I put my ego aside and asked one more friend to loan me $2500. This would make our total offer $7500. The rep was impressed with my tenacity. He was sympathetic, smart and straight forward. He listened.

From his point of view it was a long shot – a BIG long shot. But he read through my notes and could tell I was sincere and up front. As long as the account hit his system in the morning, he agreed to bring it to his supervisor first thing.

We could only pray that the account would appear in his computer the next day and NOT end up in purgatory.

Stay tuned. Stay afloat. Wealth and freedom are in your future.
Jonathan

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VISA Settlement Not In Sight

If you are new to the blog, click HERE to start at the beginning of my story.
POST #27

?

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Here we are, 2 weeks into 2010 and I am still flying high from settling over $100K of debt.  It is hard to describe the feeling, but I imagine the relief is equivalent to that of my wife’s when she pushed out our 9 pound son.

Now on to the VISA.

I was prepared for the VISA to be a bit different. First clue was their charge-off schedule was much longer than the lines of credit. I am not exactly sure how they do their math, but they wouldn’t have done well in my 5th grade math class.

Here are a few ways the VISA differs from the Lines of Credit:

  • Jacked up my APR to 29.9% after I was 30 days late.

  • Charge off schedule was much longer.

  • Not at all interested in negotiating until we got to the recovery department.

  • More aggressive phone reps.

1/11/10

I called the the VISA department to make another offer. Current balance was $28K, with a whopping $2500 of fees, penalties and interest.  This was 5 times the amount of excessive charges I experienced on my Lines of Credit.  Scoundrels!

I had been calling them all along, low balling, and they had stone-called me at 50% -$14K.

Ginsu!
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Today was no different. The rep wanted 50% divided into 3 “easy” payments of $4671.36.  I wanted to ask if it came with a Ginsu knife set.

Up until now, my offers had been for $7500. However, since I had used some of my savings for the other settlements, I decided to lower my offer to reflect that. In other words, since Visa didn’t play ball (but the Line of Credit department did): they lost out on getting more of my available funds!

This time I offered $5000.  The rep just about laughed at me. My notes showed my prior offers of $7500 had been declined so he knew my offer of $5000 would not fly. I explained that I do have $7500 (in borrowed money) but $2500 is now spoken for with my 5 payments of $500 to the LOC settlement I recently landed.

He said he would submit it, but didn’t look promising. Then he mentioned that my account was 146 days passed due. It was “subject to charge” off tomorrow.

You are probably wondering what “subject to charge off” means. I did, too, so I asked.

Upshot: NOTHING.

It was a scare tactic designed to get a payment out of me. Technically, the bank can charge off the account any time after 90 days   – and maybe even earlier.  So really, it had had been “subject to charge off” for a while now!

We ended the call.

It went on like this for 3 weeks. I’d call, offer $5k, they’d say no but try to get a payment. I’d ask for a supervisor. One wasn’t available, but they’d have him call me back. No one called, so I called back in a few days and started the process again.

We were back in junior high school playing hard-to-get with each other. Everyone knew where this was headed…..yup: the Recovery Department – where the real deals are had.

Again, it hurts your credit. But since I already had 3 accounts hit the Recovery Department, I figured I might as well go 4 for 4 and get a great settlement.

By the way, charge off didn’t happen until the end of February – about 50 days after that rep threatened me that it was “subject to charge off”

Scoundrels.

Stay tuned. Stay afloat. Wealth and freedom are in your future.
Jonathan

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Debt Settlement Double Whammy

If you are new to the blog, click HERE to start at the beginning of my story.
POST #26

OK, so maybe I let the cat out of the bag with the title.

On December 31, 2009, my account FINALLY made it to the Recovery Department. There were a lot things working in my favor:

  • The people in this department knew me.

  • It was the last day of the year – bonus time for the reps.

  • I had money ready for an offer.

  • Reps in this department had said $20K was in the ballpark.

So I called, told my story,and offered $20K.

The rep didn’t jump at it, but he didn’t laugh me off the phone either. I knew we were close. I could taste it. My CRN coach would be proud.

He put me on hold to talk to his sup.

I felt like I was at a car dealership haggling over a car. Was this rep off taking a leak and having a laugh with one of his colleagues about how he had a client on hold for the last 5 minutes?

Car dealership in Rockville, Maryland (Courtes...
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Fortunately for me, not so. He came back on the line and countered with $28,250.

NOW WE’RE TALKING BABY!!!!

I almost couldn’t contain myself. Just 2 weeks earlier, the best offer was $60,000. This current offer of $28,250 was an amazing deal, one that most people would have jumped at. But not me. I could taste a sweeter deal. This rep had a better offer. I just had to coax it out of him.

Thanking him, I declined explaining I didn’t have that money (true). We went back and forth.  At one point, I could tell the rep really wanted this deal. I could almost hear his inner voice saying, “If I land this settlement, I can buy an iPhone with my commission.”  I don’t know how I knew, but I knew. And once I felt that, I calmly waited for him “to come to papa”. I had him. He wanted it even more that I did. Then, as though I was cutting HIM a deal. We finally came to a settlement.

$25K.

$22,500 today and 5 monthly payments of $500.

When I heard him agree, I silently jumped for glee, hardly able to contain my excitement. Then something amazing happened. It was actually surreal.

There was a pregnant pause and the rep asked me to hold. I was a bit concerned that he would rescind the offer.

Boy was I wrong.

When he returned, he had another offer.

A better offer.

$23,500 if I could pay it all today.

WOW!

He actually came down another $1500, without my asking. Cash really does speak.

I guess this was like a car dealership after all!

Unfortunately, I couldn’t come up with the extra funds that day. I was bummed, but not THAT bummed. :-)

After all, I settled almost $100K for $25K.

I cut the deal, received a fax, paid by check over the phone and hung up.

THEN I SCREAMED OUT LOUD….

I called my wife. I felt like I had just lost 300 pounds. 3 dragons had been slain. 1 more to go.

My confidence was up as the new year began. Little did I know what was in store for me. Unlike the 3 lines of credit I had settled, my last account was a VISA.

I would soon realize it was a very, very different breed.

Stay tuned. Stay afloat. Wealth and freedom are in your future.
Jonathan

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Debt Settlement Breeds the Un-dead

If you are new to the blog, click HERE to start at the beginning of my story.
POST #25

It was Monday 12/28.
Like so many days during the past 2 weeks, I woke up and said to myself, “This is the day!!!!”
I hit the phone, called the rep and was ready to cut a deal. I had prepared for this day in a zillion different ways – not the least of which was borrowing money from my retirement account.

Everyone says to NEVER EVER touch your retirement account. Between taxes and early withdrawal fees, you can get killed. This is true. But in my case, a killer settlement on $100K would far out weigh the downside of pulling from retirement. It was a good decision both financially and psychologically. This may not be true for most people, but I knew it to be true for me.
Back to the phone call……

I dialed the number and sure enough, got the rep on the phone…..soooooo close.
Thankfully, he remembered me and my case.

Simulated view of a black hole in front of the...
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Unfortunately, my account was still in the collections black hole I call:

DEBT SETTLEMENT PURGATORY.

I really did feel like one of the undead. My CRN coach had prepared me in so many ways.

  • Be patient.

  • Stay focused.

  • Keep consistent.

But never did she mention that I would be the caretaker for a zombie account roaming the debt world in search of a home. At this point, hell, bankruptcy, seemed like it would be a relief. At least I would know where I was!

I just wanted these accounts to be killed. I actually had empathy for the zombies from those cult films.

A participant of a
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The rep told me to call back the next day.

December 29, 2009

………..Still a zombie.
….and the next day…..still no luck. In fact, I was told my account was frozen. It would definitely not be released to the Recovery Department until January 1st or 2nd of 2010.

Somebody kill me!!!!!!!!!

It was December 30, 2009. If I was to benefit from the timing of the last day of the last month of the year…..I had one more day to do it.
I prayed to the zombies of purgatory to take pity on me. Delivery me from this fire!
Just like a good horror film, we’ll leave this post on a cliff-hanger.

Stay tuned. Stay afloat. Wealth and freedom are in your future.
Jonathan

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