Debt Consolidation Forums Credit Repair, Credit Score and Credit Report forums
Cashcall Charge off-how to Settle Debt?
Tue, 09/02/2014 19:50
Have Cashcall loan originated in California in May, 2006. Paid for awhile but had to move and could no longer pay. Went delinquent in Aug 2007.
Heard nothing from them for several years and forgot about it. Cropped up during mortgage application. Now showing Paid, Closed. $5,020 written off, on credit report.
This amt is the principle remaining, $12,480 is total amt with all the interest they tacked on.
Need to get this removed from credit report somehow or at least settled to show a 0 remaining balance. Took out small secured loan and tried for two weeks to contact Delbert Services to negotiate payoff. 2 weeks of being told the only person who can handle this loan is unavailable.
Don't know what to do next. My husband is military and deploying soon. We have a limited window to get this resolved and they just seem to want to screw around. What do we do next and what would be a reasonable opening Settlement offer for this? I know it will expire in a year but it will create a huge mess as it's after my husband will deploy and we need to use his VA loan to buy a house before our landlord sells this one as he's threatened to.
Please-desperate here! - See more at: http://forums.debtcc.com/paydayloan/forum/thread154267.html#sthash.3WkV4NpP.dpuf