Joe,
Right now it's CCBC and CCA that are threating fairly hard - Both are indicating that they are prepared to do a Writ of Seizure in my name and SIN; garnishing all bank accounts, etc..
Today I just dropped off a pile of paperwork at my accountant's and explained the situation. Unfortunately, Debt settlement is not their firm's area of expertise, but my accountant did fire off a few suggestions - even though it wasn't in line with my intended strategy.
See, there is one creditor that hasn't received a dime in 1.5yrs, and the calls (voice mails) I receive on behalf of that account are getting more and more intense. They know the SOL is running near, hence the added pressure. In addition, I haven't spoken to any collector in at least 8 months. That's got to be making a few wonder what the heck I'm up to?
So, by your recomendation of telling them that your not working, can't they verify this data somehow? I'm self employed, so there is banking activity (not with any banks I'm in the doghouse with though). I just don't know if the activity on that account is reported to my bureau? In addition, there is still one CC make payments to, although I keep them fairy low and the account typically remains at 90% charged.
Thoughts? I'd be willing to settle for 10c/dollar, too.. It's just how do I get them to agree with those terms?
O.C.