Credit Card Debt Collection

I am being taken to court for $2000.00 in debt that was made over 3 years ago. The credit card was closed 2 1/2 years ago. It has now been sold to another company and they are suing me. Can I request a "bill of particulars" to make them prove the debt?

You can certainly ask them to prove the debt, in fact they will have to in court. But 3 years is not even close to the time limit for collecting such a debt. In most states, that is 6 or 7 years from last contact, you are at less than three.

2010-01-12 08:00:19 by squirt

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

Debt is credit card. Last activity on the account was in late 1999, early 2000.
Collection agency has it now. I need to know how the following things will happen:
1099C tax form?
How it will affect my student loans and Pell Grants?

Any abusive answers WILL be reported.

I need explicit answers and possible links to the information.
OK, but what about the 1099C?

Well should be past the statute of limitations so that makes it easy to dispute. They cannot list it on your credit report as only the initial person you owe the debt to. What they can do is call you and possibly take you to court, when they call ask them to prove the debt and then ask them is they realize that the debt is past the SOL. If they take you to court show up above all things and state it is beyond the statute of limitations and it will be dismissed. What they hope for is that you do not show up and give a defense then they win by default and can garnish your wages etc. You will not receive a 1099 at all, and should not affect your school loans or Pell grants. Just be aware of what they might try to do, and be ready to fight them. DO NOT admit to debt, and DO NOT offer payments.

2008-05-27 11:18:06 by momvader73

Price: $9.99

I'm a 29 year old teacher. I've accumulated about $7900 in credit card debt since I was in college. I cut up my credit cards about three years ago & have been paying on the balances, but card I fell 9 months behind. The minimum payment was over 200 a month and on a teacher's salary, I just could not make it. They'd send me settlement deals, but I didn't even have money to settle. I'd send them periodic payments to try to show them I was at least trying. Now, they've sent my account to a Debt Collection Agency. The collection agency seems to want me to come up with the entire amount or file bankrupcy. Is there any way I can get a big debt collection company to work with me on small payments until I can get ahead? I recently took a part time job to give me extra income to work with. I don't want file bankrupcy @ this age and it is the only marr on my credit report. How can I get them to give me repayment options in writing? They want me to do everything over the phone. Help!
The lame teacher's excuse, is not an excuse. In the state of Montana, a beginning teacher's salary is barely $25,000 a year and with student loans, a rent payment, insurance, etc., at the end of the month I have maybe $20 left over.

Also, I have tried debt consolidation and because I work "$15-$20" in the red each month, they would not take me.

You should see if you can get another credit card with an introductory rate of 0%. You will save so much money if you get out of the interest-payment vicious cycle.

The 0% may be able to give you a check to write to pay off the collection agency ($8000 is possible, but not necessarily likely).

Do yourself a favor and check out this book on Credit arbitrage: http://www.amazon.com/gp/redirect.html?i e=UTF8&location=http%3A%2F%2Fwww.ama zon.com%2Fgp%2Fproduct%2F1600200419& tag=thestateofart-20&linkCode=ur2&am p;camp=1789&creative=9325 - good stuff

Good luck!

2007-08-27 23:21:19 by stace2678

Price: $3.99

I had a good response that referred me to "links listed below" but there were no links listed on my email. Would like those also.

Statute of limitations is only for sueing.

they can collect til you die.

2006-02-19 20:01:05 by so_luckydd

1999. what happened was ex maxed out five cards with atm transactions before leaving in 1998. I cashed in retirement money and settled four, ran out of money for fifth. These were all settled in 2000. Was negotiating for settlement on this last one when they cut off contact in 2000. Just heard from another collection agency who purchased this account. They want payment of this old account.

The link below gives the statute of limitations for each state. They are all differant, so check the list.

Send the collection agency a letter ordering them to quit bothering you. Use the second link below, it contains some sample form letter that will help you.

Good luck.

2006-02-18 09:54:04 by so_luckydd