I recently received a letter from an attorney's office in Princeton NJ (Schachtner Portney LLC) for a debt bought by Calvary Portfolio Services. The OC is Citibank. The attorney sent back the last credit card statements from Citibank as well as the documents proving that CPS purchased my debt as part of a bundle of junk debt. At this point, I am planning to send a letter to begin settlement negotiation. The amount of the debt is $3,000.00 and the SOL doesn't end until Sept. 2018. My initial settlement offer will be 20%, which is $600.00. Based on reading other posts, I have been checking my county's court database to see if a judgment has already been filed. Ideally, I would like to avoid this at ALL cost, as I already have a default judgment on my CR... I know, I know.... I was young and DUMB because I ignored the summons, and will NEVER allow that to happen again. I just wanted to ask if I'm headed in the right direction, as far my next step being the debt settlement negotiation? Also, what is the likelihood that this attorney will move forward with suing while I am attempting to settle with them? And worse case scenario, IF they refuse my settlement offer(s) and move forward with a suit, should arbitration be my next move? I read this forum frequently and respect all of the expertise and assistance that so many FREELY give! Its great to know that there are good individuals in this world who are willing to help! Thank you in advance!!
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