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Moderator Emeritus
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Registered: ‎03-29-2007
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!

[ Edited ]


Cory wrote:
BUMP, BUMP Help I'm sinkinggggggggggggg



PFD!!!
 
Smiley Happy


Message Edited by Tuscani on 06-20-2007 03:16 PM
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!



Cory wrote:
I have a concern, when you settle with an collection agency, what are the ramafications behind that?
I going to settle a debt that I owe a total of $1976.00 and I'm settling for $1,000.00. I know that it's probably not good, but do I have anything to worry about?
I heard from a friend that collections agency will send you a 10-99 at the end of the year. This will put you in a higher tax bracket.
HELP, HELP, HELP
Any help is greatly appreciated.
Cory






I believe the amount needs to be $1200 for them to 1099 you- DONT QUOTE ME>

You also need in writing that is is full satisfaction of the debt - they can not sell, transfer, report etc to anyone.

Try to also have them put in it will be unverifiable.

PFD PFD PFD PFD PFD PFD PFD PFD PFD PFD PFD PFD PFD PFD PFD PFD PFD
Valued Contributor
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!

you will get a 1099 form,  you wil have to pay taxes on it as it is considered income earned.   I don't know about the whole higher tax bracket thing .   They are only going to tax you on the $976.  I dont' think you are going to jump up that high
Established Contributor
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Registered: ‎03-15-2007
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!

Forget that, the guy already told me that they are going to report it as settled.
 
I wish I could be like you guys all bold and everything. I was sweating while I was talking to him.....Smiley Sad
 
Cory
American Express Blue Cash Everyday; American Express Everyday; Barclay's AAdvantage Aviator World Elite MasterCard; Citi Thank You Premier World Elite MasterCard; Citi Double Cash; Navy Federal cashRewards Visa Signature Card.
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!

did you send the money yet? If not, PFD can still work.
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!



Tuscani wrote:
did you send the money yet? If not, PFD can still work.


 
No, I have not sent him the money. How can I make this guy change his mind? what trick can I pull out the hat?
 
He said I have until June 29, 2007 to send it or else.. lol
 
Cory
American Express Blue Cash Everyday; American Express Everyday; Barclay's AAdvantage Aviator World Elite MasterCard; Citi Thank You Premier World Elite MasterCard; Citi Double Cash; Navy Federal cashRewards Visa Signature Card.
Moderator Emeritus
Posts: 6,182
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!

or else? LOL
 
Tell him he gets nothing without PFD and see what he says.
Established Contributor
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!



Tuscani wrote:
or else? LOL
 
Tell him he gets nothing without PFD and see what he says.



Okay. I'll try and see what the guy says. He's a tuff cookie.
 
Cory
American Express Blue Cash Everyday; American Express Everyday; Barclay's AAdvantage Aviator World Elite MasterCard; Citi Thank You Premier World Elite MasterCard; Citi Double Cash; Navy Federal cashRewards Visa Signature Card.
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!

Maybe for a nominal fee, Tuscani can negotiate a reasonable PFD!Smiley Wink
Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
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Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
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Re: TUSCANI?????? NOAH_BODIE??LADY FICO??????NEWWORLDMAN??? YOUR FOLDER!

Honestly.. I would have offered $500. Why wouldn't they agree? Something is better than nothing. Smiley Happy

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