Debt Collector Stories

April 15th by David McCullough 0 Comments
Someone recently asked about what happens in the case a creditor continues to collect on an account that has already been settled.  I spoke with our settlement department supervisor regarding this issue and sh...
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September 12th by Michael Nikoley 0 Comments
A collection agent called Provanta regarding a delinquent account with a current balance of $15,659.00. The agent offer to settle for $7,047 and we countered with $5,353.00.  The agent declined our offer and d...
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September 3rd by Michael Nikoley 0 Comments
You never know when a creditor or collector is having a particularly bad month. We spoke to a collection agency regarding a clients accont on Monday 8/25/08.  Our negotiator made them on offer of $1,937 based ...
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July 28th by Michael Nikoley 0 Comments
A Provanta client had a large principle balance of $14,772.00 on a major credit card , to which an additional $5,258.49 was added in interest and late fees for a total of $20,030.49. The client had a good amoun...
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July 28th by Michael Nikoley 0 Comments
A client in Provanta’s debt settlement program has had sufficient funds for a settlement on one of her accounts with a balance of $1,237.52 since March of this year. Provanta negotiators had been telling ...
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July 18th by Michael Nikoley 0 Comments
A Provanta Debt Settlement client had an major credit card account with a large balance ($10,214.13) and was concerned he’d be vulnerable to a lawsuit because he was a homeowner.  Three months ago, clien...
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July 17th by Michael Nikoley 0 Comments
Many collection agents and creditors don’t like dealing with settlement companies.  We are just as persistent with calling and leaving messages for them as they are to debtors. After awhile, they’ll g...
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July 16th by Michael Nikoley 0 Comments
Provanta Debt Settlement negotiators receive hundreds of calls each month from creditors and collection agents.  Oftentimes, these front line agents have limited authorization to accept the low settlements tha...
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July 16th by Michael Nikoley 0 Comments
Oftentimes, Provanta Debt Settlement negotiators are able to reach a settlement on an account with term payments.  Mostly, these types of settlements are paid in four months or less. Recently, more so than bef...
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June 27th by Michael Nikoley 0 Comments
A Provanta negotiator received a call regarding a five year delinquent account on a client that resides in California. The original balance on this account was $15,744.00 and the current balance is $16,555.00.Â...
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