Negotiate a Debt Settlement
My friend has about $40,000 debt in 4 accounts. Recently a lien was placed on her bank account that she was?
able to get the court to release that but the bank charged her about a 900 dollars fee for checks that she had sent in that time. Is it legal for a bank to do that? she is with a debt consolidation company she has been telling this company that they should make arrangements with all 4 creditors but the consolidation company( made arrangement with 2 creditors) said that they will get her a better rate if they negotiate with the two other companies the result was the creditor got a lien. Is it not the duty of the consolidation company to make sure that no such lien is placed once she was paying them regularly. she was planning to save some more money every month put it in her bank account and hoping she saved some reasonable amount try to negotiate a settlement with one of her creditors directly but she has been told that if she puts more money in the bank the creditors will levy the bank account again she is at her wits end what should she do ?
Public Comments
- It appears chapter 7 is in her future.
- 40,000 thats alot of money
