Legal Question in Consumer Law in Washington

Re: Judgement

Sounds as though you are making the unfortunate decision to try to negotiate with a collection agency. Before you spend a lot of energy on this, go read budhibbs.com, which has an excellent explanation of the collection world and why negotiating with a collection agency is a waste of time. Most importantly, don't give them account information.

Short answer is your payments will not make any difference whatsoever if they get a judgment they are entitled to the whole value as fast as they can suck it out of you.

Your remedy is to bankrupt or negotiate a settlement. Part of negotiating a settlement is being able to waive a large payment under their noses (the collectors will take at least half) so see what you can amass.

But negotiating with hyenas is bound to be scary and unproductive. They will do their level best to make you feel powerless. You are not powerless because you have what they want - the money. (You just want them to go away). The thing that scares them is the idea that you can walk away from the debt completely by bankrupting out of it. They won't say that but it is true.

Time to make some hard decisions. Hope this helps. Elizabeth Powell