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Re: National Arbitration Forum
Posted by Terri on 7/12/07

    On 7/01/07, Carlos.- wrote:
    > When somebody try to "work something out" whith them that person is making a mistake.
    > They do not want to help you, they just want the money as fast as they can get it and
    > they will do the wrong thing if they think that they can get away with it.
    >
    > Here is the tip
    >
    > If your account had been charged off and you can't make regular payments big enought
    > to get out of debt in seven years you better don't make a payment at all, nothing,
    > Zero, nada, never.
    >
    > The reasons of this is that the credit reporting agency will have to delete all
    > records of your account ***after 7 years of inactivity***, if you make a payment even
    > for one dollar they will report that payment to equifax o whatever and the 7 years
    > term will start all over again, making those small payments don't help to nothing and
    > you'll never get out the hook, that's why they try so hard to get from you whatever
    > ammount, even $20.
    >
    > The second reason is that if you don't pay enouggt but you pay something you are
    > encouraging them to keep the harasment going, they'll know that you are afraid and
    > there is a good chance of getting money from you if they try a little harder.
    >

     
     

 
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