Credit Card Debt
Got Debt? [K] [i] [n]
Kenneth Gibert (Kindle Edition) 2012-01-25
Release date: 2012-01-25
Answers
the collector's lawyer sent me a letter saying that he will take this matter to the court unless he hears something from me within 30 days..what will happen if he sues? and what can I do at this moment? i tried to negotiate the debt but they just took the matter to the lawyer. i even asked breakdown of the total debt and state of limitation but they did not give me answer about it. i live in california and my last payment was january 2004. and the credit company charged off july 2004. please give me advice and help.
get a loan and pay them off, then pay back what you can.
see this
http://debt-consolidation.50webs.org
My hero, Dave Ramsey, tells of abusive practices and the violation of Federal law incorporated by debt collectors - particularly credit card debt ...
I'm sure they don't go after $50 bucks. It just wouldn't make sense.
I'm curious if it's $1,000
$1,500?
$2000?
$5000?
What amount would they think is worth suing over? (I'm not in debt just curious)
Especially somewhere like Texas where there is no wage garnishment.
It depends on the credit card company or the collection agency. Some are very aggressive in collection and are going to court for smaller amounts. I've seen collection agencies go to small claims for less than $300.
Sometimes it depends on where you live. If the credit card company or collection agency have an office in your locale, they are more likely to sue. They show up in small claims with a whole days worth of lawsuits.
If a person has a 1 credit card debt and collector's r hounding u,Is it possible to be called out to court by the collection agency if one has a debt of 1500 and the collection agency is named Attorney?
it is very possible for the collection agency to threaten with court. once it goes to a collection agency, they are affiliated with lawyers and you just need to tell them. i can pay $25.00 a week and you must stick to it. $1500 is not a lot in debt, but if in a collection agency, you have ruined your credit. your debt cannot go up. and they cannot add any more finance charges to it. it is illegal.
if you are prepared to make a payment to clear it all up........ask them to settle with you for a flat amount of $900 .......otherwise, tell them ........its impossible for you to make the payments they want. they cannot deny a payment from you, so $25 a month is all you can do. if you try to do this BEFORE it gets a court order, you may be in luck.
just don't avoid them and pay what you can and you will be fine
Price: $16.00
I live in PA. When does the SOL start? I heard it's as of your last payment. But if it is charged off and the debt collector buys it does that re-start the sol.
No. It only restarts if and when you begin paying again. Once you pay them a penny, it reactivates the account. If it is past statute of limitations in state you now live, not state they or the loan are in, or state loan was signed, the state you now reside in, hire an attorney to write them a letter. It's less than $100.00 or cheaper, and takes care if it.
Can a collector go after finances without permission? If my child is under age are her assets in jeopardy? If I own my car, can it be taken? How does collection proceed? Am I contacted before something is collected?
Hi,
I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It's legitimate. I came across this company on NBC News Special Edition.Check it out here:
http://simurl.com/lagjaz
Buy Cheap
Rejecting Debt Collector Harassment | Drigged.com
If you take a call from a credit card debt collector, you should understand that they are trained to control the conversation. That puts you at a significant disadvantage which is exactly the point. How can you change that? Improve your understanding of the two elements of every negotiation: the substance of the negotiation and the relationship between the parties. With this knowledge, you can avoid the common mistake of making a substantive concession to solve a relationship problem.
News
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10 'Do-It-Now' Strategies to Boost CashConsider credit card options. If you haven't already, set up a system to accept patient payments at pre-service and point of service in the form of cash,