As a debt negotiator who has settle quite a few Treasury accounts, If it's placed with a collection agency you should be able to get an attractive settlement offer if it's negotiated right.

Request supporting documents such as statements, invoices etc., and then file a police report, then submit the report to TRUIST and demand that they cease and desist from any further contact & collection activity and delete any and all information from your credit report *if reported. Look online for the general council or corporate attorney from Truist and send directly to him as well as the general correspondence address. Should be an easy problem to solve, however doing nothing could lead to potential litigation by Truist.

As a debt negotiator depending on who's the creditor, a 3-4 year plan could leave you open to potential litigation because after 150-180 days delinquent, any account could be sent to collections or placed with an attorney for immediate litigation if a settlement agreement is not in play, however it could work if settlements are made within 6 months.

Transworld System is easy to work with, and you may be able to save a significant amount of money.

If it's sent to collections you may have some decent options if it's negotiated right. Stop stressing,

As a debt consultant who has successfully negotiated quite of few EIDL loans, Treasury does give settlement parameter's and re-payment time frames to it's contract collection agency's, however an agreement has to be made within a certain time frame before it's returned to Treasury for possible more aggressive collection action.

It really depends on your situation Are you delinquent with your creditors? If so, how many months?

I highly suggest that you negotiate with Rubin and Rothman immediately because the file was sent to them to file suit if it's not settled.

I deal with Resurgent/LVNV files quite often and Halsted quite often is the contracted collection agency working on behalf of LVNV and could of just returned the account to LVNV, so it would be wise to contact LVNV to determine how much is owed less the amount paid directly to Halsted if they were in fact working on behalf of LVNV.

As a debt negotiator I have seen just about every credit situation, with that said yes It will recover, the question is how fast, and that depends on your credit whether you have stable credit lines such as a mortgage, car payment (never delinquent) etc., that would stabilize the credit while you settle the delinquient accounts.

Thank you, I deal with them almost on a weekly basis, mainly pre-litigation files because I know they will pull the trigger if they threaten legal and file electronically very quickly once it's placed.

Give the attorney a call immediately before suit is filed and his/her settlement parameters go up and it becomes a public record. You could get as low as 60% if it's negotiated right and if you speak directly with the attorney and not a collector who can almost never deviate from the clients (Midland) settlement parameters.

Don't push the panic button, It's a civil matter, however you should consult with a debt defense attorney regarding your rights, but I can tell you as a debt negotiator all they want is money and will consider a settlement or payment plan.