Debt Settlement Purgatory – Part 2

If you are new to the blog, click HERE to start at the beginning of my story.
POST #24
Still in purgatory……

200m
Image by MightyBoyBrian via Flickr

I made another pro-active call to the Recovery Department and this time I got a different answer.
They said the acct wouldn”™t reach their dept until I stopped making payments on my settlement with the collections department.

WHAT???????

I clarified that I had NOT accepted their settlement offer of 60%, per my discussion with collections on 12/16.  I reiterated that I could borrow $20k from a family friend to settle both accts.
“Let me see what I can do” The rep seemed eager and put me on hold.
At that moment, I was very hopeful.  My offer was going to the manager who would be yet another person in the recovery department aware of me and my case. I found that familiarity is a big factor in the success of debt settlement.  Unfortunately, the manager said we had to wait.
But this call still had merit. The rep promised to make sure collections corrected my account to reflect that I had not accepted a settlement yet.
It’s a good thing I caught this.  Had I not, this would have delayed my account further.
I waited another 2 days and called the recovery department again. It was 12/24, the day before Christmas. Just a month ago, my call the day before Thanksgiving resulted in a great settlement. Perhaps the timing of this call would have the same effect.

…..and it did!!

The rep asked me if I was waiting for the account to charge off. I confidently said I was not waiting for anything. The notes on my account should reflect that I am actively trying to make a good faith payment to you ASAP.  This rep said this:

  • Your account is in the process of charge off.

  • It should happen by Monday, 12/28.

  • Call me after 10AM PST Monday at my direct line.

  • I will gather info, talk to sups and be ready to handle this.

BOOOOO-YAAAAA!
I finally had a hard date. I found a person who wanted to work with me. He gave me a day and time to specifically call him to settle this account. It was Christmas eve.  It felt like I had been given a great Christmas present.
With a little patience, I would be a new man.

Xmas tree
Image via Wikipedia

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

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