Recent content by Brad

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    Just Started "scorched Earth" Method. Couple Questions..

    It has been a while since I have posted. You can look at the dates on my post to get an idea of the timeline of everything. I am posting this in hopes that it will help some folks, since you have all given out such valuable information. As of today, most of my debt mentioned above (Chase, BofA...
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    Just Started "scorched Earth" Method. Couple Questions..

    Ok just thought I would give a little update. We stopped paying on our 3 cards in October. So far, the banks have started to call and email, notifying us that we have missed payments. No biggie. I have blocked the numbers on my phone. Since I started this method, I have carefully done hours of...
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    Just Started "scorched Earth" Method. Couple Questions..

    Bkakca, thanks so much for the detailed story. It gives me hope that my situation can in fact work out. Your settlements were exactly what I am looking for. You obviously did a great job. I am taking notes and stashing cash in my savings account, so I can be ready when settlements can be...
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    Just Started "scorched Earth" Method. Couple Questions..

    Bkakca, in your settlement journey, werent you worried about any of them suing? Or did any of them? Were you basically just rolling the dice?
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    Just Started "scorched Earth" Method. Couple Questions..

    bkakca, thanks so much for the info! Very useful, and I will use this advice. There is really only 1 thing that I am a little confused about though.... you said that it took a little over a year to settle? I thought that all credit card banks automatically charge-off after 180 days? Then I...
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    Just Started "scorched Earth" Method. Couple Questions..

    Thanks again Moe. I have read in a couple places that some folks recommend mentioning possible bankruptcy to the debt collectors, basically saying that you are looking into it with a bankruptcy attorney, and that this sometimes will give you a little more leverage to reach a good settlement. If...
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    Just Started "scorched Earth" Method. Couple Questions..

    Maurice, thank you for taking the time to answer my questions, it means a lot. I do have 2 more questions, and they are more asking for an opinion than anything else. 1. The card with the largest balance is a citibank with 6,500.00. The rest are 4k and under. In your experience, what are the...
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    Just Started "scorched Earth" Method. Couple Questions..

    Oh and one more thing.... I may have used the wrong terminology, forgive me, I am new to this. I assumed "Scorched Earth" meant that you stopped paying your credit card payments, then later settled with a CA for a fraction of the balance. Maybe "Scorched Earth" means never pay anything?? I am a...
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    Just Started "scorched Earth" Method. Couple Questions..

    Hey folks. First, I wanted to say that this forum has been a life saver for me. I have been able to gather so much information about credit card debt, and it has opened my eyes to the mistakes I have been making by paying out 800 bucks per month on credit card interest. So here is my quick...