First Resolution Management Company

iVillage Member
Registered: 03-26-2009
First Resolution Management Company
Thu, 03-26-2009 - 4:48pm

Hello all.. I'm new here.

I'm really in a bind. I negotiated with First Resolution to make a debt payoff of 3,500 dollars on a 5,000 dollar debt. They want the payment by May. Problem is.... My tax return wasn't accepted by the IRS and I'm not getting what I originally thought I would get back.

These people WONT negotiate with me. They told me if I don't pay the 3500 dollars then my monthly payment will be 500 dollars because they "can't keep the account for a long period of time, the next step is litigation"

My question is.. Is that really true? If I paid them 500 bucks this month and just sent in monthly payments of 200 dollars a month, do you think they'd take me to court as long as I'm paying?

Any advice would surely help.. If I was to be garnished I would be so embarassed I work for an attorney and that's just unprofessional. I wish I never would have gotten a credit card when I turned 18!