Send the them a letter via Certified Mail + Return Receipt (not regular mail) stating: Per the Fair Debt Collection Practices Act, I am requesting validation of your claim, to include the following a copy of the original signed contract with my signature for this alleged debt. I cannot respond to your claim until [...] [...more]
A collection agency may be your best bet. There are some who now specialize in buying open judgments. If you just hire them, they will take about 40% of what they collect. If you sell it, they will pay less — depends on how viable to collect. A 10 year old [...] [...more]
The best information for credit card debt statistics [...more]
When you dispute an item with the credit bureau, they ask the creditor to verify. All the creditor has to do is say "that’s correct" — no proof required, end of investigation. You can try to appeal that "investigation" with the credit bureau, IF you have proof of the default date. A copy of [...] [...more]
It may be an error. Not exactly illegal. You should dispute the item with the credit agency. If the original biller does not verify the charge they will remove the item entirely. I recommend disputing (you can do it online via annualcreditreport.com for free) any item you wish would go away. Sometimes you get lucky [...] [...more]
They take the risk, They get the profits, the U.S. will absorbe the losses. It is a bad deal for the Government, It is a bad deal for the people, it is a bad deal for the U.S. but it is a very very good deal for those who took risks, made huge bonuses, and [...] [...more]
The collection agencies have either a) signed a contract with the creditor to act on their behalf, or b) bought the debt from the original creditor. Either way, it is entirely legal to file a lawsuit to collect the debt. You sending them a check has no bearing on the lawsuit. It is a myth that [...] [...more]
They can sue, but they’ll have to hurry up. You can send them a certified letter, return receipt requested stating to cease and desist telephone contact with you and to communicate by US mail only. Keep a copy of the letter and the green card the post office will return to you when [...] [...more]
Your attorney got the check, did not pay the Doctor, and yet sad it only covered Doctor bills and his fee? Your story is full of rather large holes. In any event, the collection agency can keep coming after you until the debt expires, which is set by state law. It’s usually 6 or [...] [...more]
Make sure your attorney pulls your credit history and includes ALL your debt in the pentition. Once that’s done, all debt will be included in the BK and you can then pick and choose which debts to keep via a re-affirmation agreement. Unless you have significant income or significant equity in an asset, [...] [...more]
