Comments on: Huge new debt http://debtsucksblog.com/2008/01/31/huge-new-debt/ I WILL be debt free by May 2014! Mon, 06 Sep 2010 02:56:51 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: RANT!!! « Financial Ponderings http://debtsucksblog.com/2008/01/31/huge-new-debt/#comment-139 RANT!!! « Financial Ponderings Thu, 28 Feb 2008 23:34:04 +0000 http://debtsucksblog.com/?p=78#comment-139 [...] creditors, debt, interesting blogs, negotiate Ok, just got back from reading a post over at the Debt Sucks Blog. The poor guy has recently been landed with a $1125 bill after 10 months of no contact with his old [...] [...] creditors, debt, interesting blogs, negotiate Ok, just got back from reading a post over at the Debt Sucks Blog. The poor guy has recently been landed with a $1125 bill after 10 months of no contact with his old [...]

]]> By: Financial Ponderings http://debtsucksblog.com/2008/01/31/huge-new-debt/#comment-138 Financial Ponderings Thu, 28 Feb 2008 23:22:48 +0000 http://debtsucksblog.com/?p=78#comment-138 I'd definately suggest contacting them. There's no way they WANT to take you to court - that is the final option. Trust me, if you are polite, explain your situation & show a willingness to pay back what you owe, I would be extremely surprised if they did not accept your offer. This kind of thing really annoys me. They don't do anything for 10 whole months & then suddenly land this on you. It stinks, and worse of all, you have no legal protection. I've found a great article on help in dealing/talking to creditors. I'm going to post a link to it in my blog for others too, as this kind of thing is all too common. Check it out if you want. I’d definately suggest contacting them. There’s no way they WANT to take you to court – that is the final option. Trust me, if you are polite, explain your situation & show a willingness to pay back what you owe, I would be extremely surprised if they did not accept your offer.

This kind of thing really annoys me. They don’t do anything for 10 whole months & then suddenly land this on you. It stinks, and worse of all, you have no legal protection.

I’ve found a great article on help in dealing/talking to creditors. I’m going to post a link to it in my blog for others too, as this kind of thing is all too common. Check it out if you want.

]]> By: Jay http://debtsucksblog.com/2008/01/31/huge-new-debt/#comment-97 Jay Wed, 06 Feb 2008 21:21:30 +0000 http://debtsucksblog.com/?p=78#comment-97 I'd work out a payment plan with them and get it in writing! And uh... no the IRS cannot wait! They will add penalties and intrest and your 26 will grow faster than you'd think. Pay it NOW and get them out of your life! I’d work out a payment plan with them and get it in writing!
And uh… no the IRS cannot wait! They will add penalties and intrest and your 26 will grow faster than you’d think. Pay it NOW and get them out of your life!

]]> By: Aric http://debtsucksblog.com/2008/01/31/huge-new-debt/#comment-95 Aric Mon, 04 Feb 2008 06:04:15 +0000 http://debtsucksblog.com/?p=78#comment-95 Thats tough. This happened to my mom when I was growing up. Luckily our landlord was human and understood that taking her to court was going to cost more than they were going to get. She settled with a small monthly payment. I'd suggest talking to them and offering a "down payment" and then a monthly payment. Don't be afraid to give them $200 (certainly don't give them everything you have) and then $50/month after that. Even offering to pay some interest might convince them to go with you on your offer. Afterall, they would be getting more money in the long run and an extra month's payment shouldn't break your bank. The more they feel you are offering upfront, the more likely they think you actually care about paying the debt. Thats tough. This happened to my mom when I was growing up. Luckily our landlord was human and understood that taking her to court was going to cost more than they were going to get. She settled with a small monthly payment.

I’d suggest talking to them and offering a “down payment” and then a monthly payment. Don’t be afraid to give them $200 (certainly don’t give them everything you have) and then $50/month after that. Even offering to pay some interest might convince them to go with you on your offer. Afterall, they would be getting more money in the long run and an extra month’s payment shouldn’t break your bank. The more they feel you are offering upfront, the more likely they think you actually care about paying the debt.

]]> By: Tim Ramsey http://debtsucksblog.com/2008/01/31/huge-new-debt/#comment-94 Tim Ramsey Thu, 31 Jan 2008 19:09:08 +0000 http://debtsucksblog.com/?p=78#comment-94 I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you. Tim Ramsey I found your site on technorati and read a few of your other posts. Keep up the good work. I just added your RSS feed to my Google News Reader. Looking forward to reading more from you.

Tim Ramsey

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