Need to deal with / answer summons

[airahcaz]

Update: FIA has proven their case, that they are Bank of America, and their attorney spoke to my attorney, and are only willing to settle for 25%, payable over 6 months. Else we go to court this Thursday. My attorney states this is a good deal, don't see my case as being defensible. Help! Thoughts??

[treehugger1]

Thanks for the update. Sounds as if you have a choice. Pay 25% or file for C7 BK.

[airahcaz]

Thanks for the update. Sounds as if you have a choice. Pay 25% or file for C7 BK.

BK is currently not an option; I guess I was looking for any negotiation tactics.

[doni49]

I'd say that depends on what you can afford. Make a counter offer but give them a reason to bite.

Like 10% spread over 3 months--they'd get their money quicker so they might go for that. Or if it's the monthly amt that's giving you trouble, offer a monthly payment that you can afford but spread out over more time. But if that doesn't mean that your settlement total is higher, be prepared for a a counter offer from them--or even court papers.

[airahcaz]

I'd say that depends on what you can afford. Make a counter offer but give them a reason to bite.

Like 10% spread over 3 months--they'd get their money quicker so they might go for that. Or if it's the monthly amt that's giving you trouble, offer a monthly payment that you can afford but spread out over more time. But if that doesn't mean that your settlement total is higher, be prepared for a a counter offer from them--or even court papers.

I can either borrow a lump sum from family or friends if they'll settle for less, or like you mention, stretch out their Ask to a full year.

By court papers, you mean they'll reject any further offers?

[doni49]

By court papers, you mean they'll reject any further offers?

I am far from an expert. They CAN but only THEY can tell you if they WILL. I'm just saying be prepared to deal with that. All anyone here can do is speculate. What I offered were some things to try. Negotiation is all about finding something that benefits you but has enough for the other side that they agree to it.

[doni49]

Delete me please.

This message somehow posted twice.

[doni49]

By court papers, you mean they'll reject any further offers?

I am far from an expert. They CAN but only THEY can tell you if they WILL. I'm just saying be prepared to deal with that. All anyone here can do is speculate. What I offered were some things to try. Negotiation is all about finding something that benefits you but has enough for the other side that they agree to it.