Re: National Arbitration Forum

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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.
>