Credit Card Debt Forum

I received a letter from the Mann Bracken law firm with locations in GA, VA, NC, TN stating that a claim was filed with the National Arbitration Forum (NAF) regarding my old Chase Bank Card debt, and that I must respond. I have no idea what to do here. I am worried that they will garnish my wages and/or bank account. I beseech anyone with legal knowledge of this type of situation to please help me understand what I should do. I live in Texas. Thank you!

how about pay off your debit, Yes chase credit card is evil and they alone caused me to have bad credit and i dont recomened them to anyone but i made a settlement with them after they cancelled my card due to one missed payment due to the fact there website was down and i couldnt log in to pay it and i have paperless billing but enough about me i ended up paying half of what i owe they took away all the fines and fees they charged me and paid only what i used.

2007-06-13 13:39:10 by felisfanaticus

I have read alot of detail forums and comments regarding what I can do. I have recieved a summons (civil case) for a credit card debt. From what I have read, you can response to the summons that you are defending it. From there, I can send a letter to have them provide proof that the debt (or file Discovery) is mine to the collectors. If they can not provide proof, I can get the case dismissed. Is this true?
From collection agency that bought my debt from the credit card company. Better to file bankruptcy or try to have them provide validication to the debt with documents. If all fails, then fail bankruptcy? What is the best thing to do first?

Is it the actual credit card issuer or collection agency?

Please go immediately to budhibbs.com for advice on how to handle this, or register at creditboards. They are very helpful and will help guide you through the process.

Oh, and if you don't show up for court, you CANNOT be arrested...they will get a default judgment against you, but not appearing on a civil case is NOT a crime. They are counting on you not to show up...99% of the time, their rent-a-lawyers have no paperwork and nothing to back up their "case".

2007-07-23 21:16:41 by hello

This forum has been really helpful in the past.
I might not use the advice always but I always appreciate the feedback.
Here's the scoop- I currently have $55,000 in Credit card debt.
It is totally stressing me out and it is really dificult to keep up with the payments.
1-Shoud I us a debt consolidation ageny. I spoke with them and they claim they can greatly reduce the interest and thus the monthly payments- but you do need to pay them a fee. Also, the payments are still close to what I pay now but I can get the cards paid off in 5 years instead of 17 years.

2-Should I get a home equity Loan.

3- should I use my saving to pay this off- I have about $95,000 in the bank.

Thanks for the advise!!!

I cannot say much more to the previous answer. You need to pay the debts you owe, period. You have the money. If they find out you ACTUALLY have the money, they could come after you again with fraudulent intentions. And yes, your credit will go to "hell in a hand basket" using debt consol. Same as B-ruptcy, essentially.

2009-09-01 10:53:05 by Music

i had 4 credit cards 5 years back.but when my debt went to more than 1 lakh my father helped me close 3 credit card as they were constantly harrasing me.Out of this 1 credit card was stolen & i duly asked bank to lock the credit card.They did not issue me a new card nor did they contact me.Now the Bank from which i took this card which i had taken 5 years back is harrasing me .This is being done after 5 years & all of a sudden & are asking me to pay Rs 75000 along with the inerest for these 5years.Please help me urgently tackle this situation or please provide me with name of Forums or any legal help i can get ASAP.as they are thretening me & my parents daily.please help....!!!!!!

I'll tell you from a USA standpoint. When you owe money you owe money and there is no way of getting out of it except to pay it, like get a second job or a third job if necessary to repay it. Otherwise it will continue to draw interest and acquire late fees and you'll be worse off. Here they garnish wages if you do not set up an appropriate repayment schedule and make payments. You should never have ignored their harrassing phone calls. In the USA if you are under age or if you still live with your parents they can put a lien against their assets and make them sell their car and even their house if they were that mean. Otherwise they just put liens on the car and house and when they are sold then the bank gets their money back however the longer this goes on the more you will owe and the longer it will take to get rid of the bank.

So I would suggest that you get two or three jobs and work this off. And try to set up a repayment schedule with them since garnishments are embarrassing to you and will hurt your career too and they end up on your credit report which will prevent you from buying anything else and may even hold you back from getting an apartment.

So contact that bank or collection agency and get their name and address and phone and write them and tell them what you can afford and the payments you plan to make starting when. If they think that's not enough they will let you know and/or just ignore you and take you to court.

Write that bank that holds the card that was stolen and ask what occurred. Did you file a police report? And did you write them as well as call them to tell them it was stolen?

When you say your father helped you close three credit cards what did you mean? Because the only way they can be closed is if you or your father paid them in full. If your father paid them in full then you need to find the checks he paid them with to close the account and get a copy and send that copy to the bank who is trying to collect the money from you. If they were paid in total then tell them that and show them the proof. Be sure to keep a copy of everything you send to them for your own file. Wait to see what they say.

Generally if you send anything as important as this thru the mails then (here) you need to send it by Certified Mail with the green Return Receipt Requested form (that RRR will be returned to you...make a copy of it and keep the original and copy in your file). That's your proof that they received what you sent them.

2009-08-14 01:13:28 by ntv

I've posted this in the credit section, but I was hoping to get a few more answers from you guys, so I am posting it in this forum as well. Sorry for the crossposting.

I got a call from the Joe Precido Law Firm today, and the guy there says unless I pay $2100 immediately, they are going to take legal action.

Can they really do that?

What is the worse possible thing that can happen if I don't pay them immediately? I offered to pay in installments, but according the words "they are not an financial / loan institution", they are not willing to do so.

What should I do? The guy says he will expect a call from me by 12:30 tomorrow, in an effort to allow me one last chance to clear this up.

Anyone else had experience with this before? What did you do?

As long as you are making payments they can't do anything to you. They have probably already reported you to the credit scoring. Thats about the worse thing they can do to you. They are just full of hot air. They are here to scare you. Don't let them. Same thing has happened to me.

2008-07-24 14:41:40 by Benji's Mommy