Collection Agency Credit Card Debt

Have to file bankruptcy. Been out of work for 6 months. Two credit cards have been written off but amount, I guess, has been turned over to a collection agency. When I file for bankruptcy do I just list the bank or just the collection agency? Can the collection agency garnish my wages if I obtain employment? Thanks.

List them both.

Filing for bankruptcy will stop any judgements to garnish your wages.

2008-02-05 05:43:33 by quidproquo888

My hero, Dave Ramsey, tells of abusive practices and the violation of Federal law incorporated by debt collectors - particularly credit card debt ...

I have a Credit Card debt with a collection agency, can I request a signed copy of the contract before paying? Do they have to provide me with a copy? I am of understanding such documents should be kept for 7 years legally. I have requested this information and they have provided me with everything but the information I have requested - a signed contract?

Many Thanks in advance.....

they hate you

2008-04-20 18:09:17 by David A

Price: $9.95 $9.95

Does this mean that i'm now listed as a bad credit person? if i come to an agreement with the collection agency to pay my debt back in instalments, will my credit rate be ok then?

When you call don't offer them anything! ask them what your options are. Be nice when their done ask them what other options do I have, and then one more time ask and your company has no other options and has never made arrangement for special situations?

Then you ask for all of their contact information (address 800#, and Fax) Ask as many questions as you can think of, keep control of the conversation. If you ever loose control tell them thank you for your time and hang up the phone. Never agree to anything unless you know your able to do it.

2008-05-11 22:24:59 by Tina

Price: $24.95

I was contacted by collection agency an account that was charged off 8 years ago. They said they bought that debt and are reporting it on my credit.

I asked for written records with my signature to ensure that it was a real account that I opened. They said that it had been validated by the orginal credit card company, but they could not supply any records with my signature.

Can I have that removed if there are no records with signatures showing that I ever opened that account?

Since it is a credit card debt and it was charged off 8 years ago, the collection agency is violating your rights by reporting it.

A credit card can only be reported for 7 years from the first time you became 30 days late and never brought the account current leading to the charge off. It cannot be re-aged to report for a longer period.

I would suggest doing "everything" in writing and sent certified mail return receipt - create a paper trail to use should you decide to sue the collection agency.

Order your paid reports.
Send the collection agency a debt validation letter. Do not sign the letter, print your initials or type your name.
When you get the green card back, file disputes with the CRA's.

If the account is verified instead of being removed, file complaints with the BBB, FTC, your AG and the collection agencies AG.

If the account remains, sue the collector for their violations.

Chances are pretty good that you are past the collecting SOL for your state. Though you might click on my profile and click on the link listed to find the SOL for your state.
If you are past the collecting SOL, after you do the above steps, you should send the collector a SOL letter.

You might do some reading in the other links I have listed in my profile, to the FDCPA, FCRA and also the last link listed.

2007-05-30 16:36:56 by bjmarchini

I have some old credit card debt that I need to take care of. I was finally sued by a collection agency and they got a default judgement against me. I am now in a position to settle the account. Would I be better off settling with the ORIGINAL credit card company? .... or the collection agency.

You have to pay the debt collector, it is they who own the debt and who has the judgment against you.

The time to settle was before the judgment, they now have no incentive to accept a settlement, unless you live in a state that does not allow wage garnishment.

2010-02-25 12:44:05 by JK6969