Hello all, wow there is a ton of information here. I have a question, I owe Advanta business card about 31k and they made me one offer of a 9.9% interest rate over 4 years on a payment I could not afford. I am a small business owner that has taken quite a hit in this economy, and I just stopped paying. I did keep in contact with them, but I guess they just gave up on me. I think I was at about 120 days or so. Here is my question. Today I got a message from Phillips & Cohen asking me to call them back about my Advanta account. I guess this is where things start getting tough. I was doing some google search on them and I see they are a law firm, but pretty much just a coolection agency. Does anybody have any experience with them? or can anybody suggest how to deal with them? Do they try and settle and if they do, how far do they come down? If anybody has any experience at all with this company, or has any suggestions on how to deal with them, anything would be appreciated. Also, should I answer there phone calls? sned them any sort of letters? I have seen some stories here of Advanta trying to settle for even 10% of what people owe, for some reason that didnt happen to me, they were not really budging on settlement, so I had to just wait and now I have Phillips & Cohen calling. Any suggestions I would really appreciate.