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I have collection ($3000 rent 2004) on my file. I want fix it. Can you recommend good debt negotiation service? Sincerely, Euge

you can do if yourself for free…. OK it's already been 3 years so they will work with you because they already feel they are not going to get paid since it's been so long……call the company and ask them if they are willing to reduce the amount or make payment arrangements that you can afford

I was threatened with litigation by a debt collector and need to know the cost of litigation for negotiations.

You don’t mention the amount nor the source of the collection debt. If the amount owed is small, the collector will probably not file for legal action. Some collectors don’t have the right to file for suit too. Keep that in mind. Generally debt collectors (not attorneys) collect on a contingency basis. 40 - 60 for example. The collection company keeps 40% & remits 60% to the creditor.

Might want to consider offering a settlement of 50%. The collector will probably take it. The creditor would then get 30% and the collector 20%. A bird in the hand ….

Before agreeing to a settlement, make it part of the deal that upon satisfaction of the debt (even for a lesser amount) the debt will be removed from your credit bureaus file.

And to answer your question - it depends on where you live. Some states do not allow garnishments on wages. Period.

In my state, the attorney I use for collection on contractual debts charges 1/3 of the amount of the initial suit. Plus the debtor pays all court costs & garnishment fees. Those fees generally cost $130.

Good luck.

I heard a part of a radio show on getting out of debt. and the speaker gave the name of a government agency that offers a program w/o filing for bankrupcy or debt negotiation . it was stated to be offer at a interest rate of 3%. any help would be greatly appreciated

Seek assistance in resolving your debt(s) through a member agency of the National Foundation for Consumer Credit, such as the Consumer Credit Counseling Service. This national organization can help you locate an affiliated counselor in your area . Do not agree to any payment plan until you have confirmed the credentials of the counseling service. Some charge excessive fees. Before you decide to work with a counselor, check with the Better Business Bureau, www.bbb.org.