Forumsee logo
Forumsee » Finance and investment » Personal Finance » Read message
RSS: Subscribe to RSS

Settlement offer

Bogleheads • View forum - Personal Finance (Not Investing) - www.bogleheads.org
Ok, here is the situation. My future MIL is in the midst of a divorce. She is trying to keep the house, but the bank will not finance here what she needs. She has the means to afford it, but this income cannot be documented or verified and is unacceptable to the bank. On to plan B. She has her fathers credit ran, and they can obtain the mortage together. However, he has a CC card debt in collections that must be paid or else its a no go.

The debt is 3200 with merrick bank and now is in collections with a company called Carson SmithField. I would like to help her out and am willing to pay this bill so she can obtain the mortage(we both live here at the moment). I know they pay like 5-8cents on the doller for this debt. What should I offer the agency? Also, will it make a difference to the bank that a settlement was agreed upon, and that the full balance was not paid? All that should matter is the party is satisfied IMO.

Thank You.


Read responses in bogleheads.org

Last videos:

$GYNAF Huge News!
$GYNAF Huge News!
any one know about this system..
any one know about this system..
BITCOIN : Top 4 Bitcoin BTC Price Predictions 2018
BITCOIN : Top 4 Bitcoin BTC Price Predictions 2018
Anyone have a Walabot (imaging sensor for wires, pipes, studs in walls)?
Anyone have a Walabot (imaging sensor for wires, pipes, studs in walls)?
EXPLOR Resources Inc. EXS/EXSFF/E1H1 NEW VIDEO INTERVIEW
EXPLOR Resources Inc. EXS/EXSFF/E1H1 NEW VIDEO INTERVIEW
my video in my youtube channel in 19/1/2018 that i predict COLLAPSE
my video in my youtube channel in 19/1/2018 that i predict COLLAPSE
Menuva - Payments Adjustable to You
Menuva - Payments Adjustable to You
$FUSZ on iHeartRadio CEO Money Today
$FUSZ on iHeartRadio CEO Money Today
Cars · 
Mobility · 
Hardware · 
Motorbikes · 
Travel · 
Boating · 
Aviation · 
production-frontend
About Forumsee · Contact · Privacy policy · Request content removal
We use cookies for navigation analysis and personalized advertisement. By using our site, you agree to our use of cookies.
Accept  ·  Learn more