AboutOntrack Financial Group llc Expertise With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority.
In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitute and aptitude to truly assist our clients. Ontrack Financial Group llc is that company!
With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process.
Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint.
Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.
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Question Hello. My sister passed away in March of 2007 (Georgia). She had around $24,000 of credit card debts primarily left over from her divorce, in which her ex-husband never paid his part of the settlement. I hired an attorney to negotiate with the creditors in the hopes that he could get a much lower settlement for her estate. His initial offer was for 35% of the total, which was sent in mid July with a deadline of 07/26/08. It is now more than 2 months later, and according to my attorney, he has not heard from any of the creditors at all, which is strange since they had been calling non-stop until I hired an attorney. He said that this is not unusual, and that it could take a year for it to be resolved. Is this true? I would think they would want this out of the way. Could all of the credit crisis the country is going through now have anything to do with this? What is the typical length of time for them to respond, and just for curiosity, is a settlement of 35% of the total usually unrealistic? Thanks
Answer Kurt,
I'm sorry about your sister.
Creditors will not jump around to settle debts at every chance. The process won't take a year either. There are many factor that should be considered when trying to get a settlement agreed to. The credit crises could have a minor part with a creditor not accepting an offer, but I'm leaning more to the person you hired not performing their job.
A settlement of 35% on an estate case is not unrealistic. Unless the creditors decide to file a claim against the estate and are seeking more.
