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al is with us in dallas texas hi al what's up hello thanks for taking the call sure what's up how can we help so i actually got a letter saying that we learned that the county clerk's office office that this capital recovery company has filed a lawsuit against me for unpaid debt and i do recall the debt and it's actually a debt when we used to be a single income family and getting my wife through college and all that we did accumulate that debt and we didn't pay it it was a credit card and someone now is coming back to hunt us after you know six seven years and so this uh several law firms have reached out to us and you know we can help you with this um and then we're trying to decide to see if we just go ahead and go directly with them and make an arrangement they told me you know what you could pay this whole thing off it's going to cost you 4 500. or you could go ahead and just set up num sum of 3 000. but then the lawyers then the lawyers are reaching out to us and you know what um you have nothing you know if you hire us we could go ahead and settle it for less sometimes we could be able to go ahead and eliminate it completely and it's going to cost you 1200 bucks yeah probably bankruptcy lawyers calling you and twelve hundred dollars is probably for you to file bankruptcy now the actual the twelve hundred dollars uh the two hundred dollars is for them to go ahead and take care of the case and and uh they're gonna go ahead yeah but you said they called you right out yeah no i'm so sorry yeah okay so what's the balance on the uh on the credit card the credit card is 4500. okay and they've as and the company has already off that is suing he's already offered to settle that for three thousand he says you could pay us 4500 monthly payments no for the next 30 30 months not doing that but we could set a list for about three three three thousand do you have any money what was that do you have any money do you have any money i could uh no where would you get any of this money we're talking about well i was thinking more of the installment program to be part of the of the data steps because we're on baby step two paying things off so now that this what's your uh what's your household income um i mean take home like every month it's like about six grand okay after taxes between me and my wife now i would not hire an attorney to do a settlement of this type it's overkill and some of the attorneys that are sending you letters are not trying to work a settlement for you they're going to file bankruptcy for you and you've got to be real careful there's a bunch of shysters in this space so um i don't think you need to what i would do is call the company back and say i can't do three but i can do two and i can do that 45 days from today because you can do that if you stop your debt snowball and you scrape up two during that 45 days so i can do two but i can do two by january the first okay and if i let them know then uh would have how would i i would have to let them know how will coming to that agreement as long as you send me a letter saying you know we read upon those two grand yep and then you have to take the the lawsuit against county because that's what they did but they they mentioned to me that that they're going to be serving me papers that's fine that's fine and so based on serving them in papers i have to reply to the county and based on my elect when i let them know it's not a big deal they can they can you can you can enter into an agreed order they can do that themselves if they agree to accept the 2000 uh just tell them you need that to be an agreed order and they'll do it here's the thing let me stop you a second okay the company that's doing this this lawsuit it feels to you like this is some kind of drama lawsuit like you see on television or something or like a court case that involves criminal stuff this is not like a lawsuit at that level this is more like going to traffic court for a ticket speeding ticket is you know in other words these guys when they filed this they didn't file a single lawsuit against you that day they took boxes of lawsuits down there and did them at one time because they are a widget factory and you are one widget out of thousands of widgets that they're going after so this is much more it's very transactional for them it's much more like traffic court than it is perry mason or matlock or whoever right csi or anything else right so you know it feels you've never been sued and it feels very uh scary and the unknown of it feels very dramatic and very legal and i need a lawyer and all of that if somebody was suing you for 500 000 because of a car wreck and an injury yeah get a lawyer okay and there's times you need legal representation i would not spend it on this if i were you i would call them and see if you can settle it for 2000 payment by the end of the year and they need to enter an agreed order with the county can you remember that phrase agreed order i agree i i i'm writing it down i agree order with the county yeah and then they need to send that to you in writing and no you they cannot have electronic access to your checking account and no you are not going to disclose a bunch of financial information to them including where you work or anything else yep and now you're going to need to take a deep breath because you're going to need to be on the ball with this meaning writing it down i love that you're taking notes but you're going to write down who you spoke with the date the time the gist of the conversation like you want to keep a full conversation log on this if you cannot get it to come to an agreement then you may want to spend 1200 and hire an attorney to get them to come to agreement for you but make very very sure this is not filing um a bankruptcy the reason it comes up is i was in texas the other day and i'm driving down the road and there's this big old yellow billboard with these two guys and suits on it and it says the the billboard is be debt free and i thought oh that's some local guys doing a doing a talk radio show teaching people how to get out of debt like inspired by us or something i thought that's pretty cool and then i get to look at the billboard as we're driving and it's bankruptcy attorneys but the ad doesn't say bankruptcy it's a little bit at the bottom bankruptcy attorneys but the big thing is just two guys in a suit saying be debt free and i thought man somebody else has joined the crusade that's awesome but no they didn't no they were just lawyers yeah there's money grabs and so um that's exactly what that is what about the people do this stuff so yeah out just be very careful if you do retain an attorney the fact that they are soliciting you and they're going through the entire box of lawsuits and sending them all letters and you're just one of them right and our fear is is that you end up with a ten thousand dollar legal bill over a three thousand dollar credit card yeah so just be aware al thank you for reaching out buddy uh it took courage uh because you could hear the fear in your voice uh but you've got steps now to be able to take uh to be able to protect yourself so three things you're gonna do get on the phone with them come to an amount around two thousand whatever you can come up with by the end of the year two thousand dollars by year end by 12 31 okay if that's if you then second thing is get that in writing and uh when you do that agreement tell them that that needs to be an agreed order so they stop the lawsuit until 12 31 after 12 31 they can come after you if you don't pay it but then um because you didn't follow through on the agreed order then the second step is it has all this has to be in writing to you and you keep that piece of paper the rest of your life and then the third thing is they do not have electronic access to your checking account and you do not give them any financial information when you pay them it'll be with pre cashier's check or prepaid debit card but no access to any of your other accounts we don't want them to know where they are or that they exist so you're you're putting up the shields you really are because they're good they will ask you questions in a way that you don't feel interrogated where is it you are you feel like you're having a remains of this conversation this conversation's about two thousand dollars yes it makes us go away i like all other questions that don't have to do with that are not gonna be answered not dealing with it this is two thousand dollars and i am out of your life and you're out of my life and it's in writing and no electronic access to my checking account it'll be debit card or cashier's check those are the three steps greet order we're doing this boom and i've done tens of thousands of those and i am not a lawyer okay and i wasn't practicing law when i did it i just simply negotiated on behalf of a client of ours a settlement now you're allowed to do that for yourself or literally for someone else so um get her done dude i i wouldn't pay the money unless you get yourself painted into a corner and then get a lawyer that's a real lawyer not a bankruptcy attorney protect yourself