Well I can only hope for the best.

Right now, all I am getting are letters from Collection Agencies. My Debt Settlement Company claims to have lawyers of their own that an make life miserable for the creditors that make our lives miserable.

I will let you know if CB tries to sue me. Altho I don’t know what they’d get, as we have nothing. lol

Here is one that may be helpful for someone here

Ok here is one that may be helpful for someone here other than continuance. FOR THOSE OF YOU WHO MAY NOT KNOW:

A CREDITOR CAN:

  • CONTACT YOU BY PHONE
  • CONTACT YOU BY MAIL
  • CONTACT YOU IN PERSON

That last one scares me, but I try not to worry about it too much. #1 can be fixed pretty easily… Get caller ID or have your number changed altogether to unlisted. I did.

A CREDITOR MAY NOT:

  • CONTACT YOU AT WORK IF YOU HAVE GIVEN THEM INSTRUCTIONS NOT TO
  • DISCUSS YOUR DEBT WITH YOUR EMPLOYER
  • CONTACT YOUR FAMILY TO DISCUSS YOUR DEBT
  • POST YOUR DEBT PUBLICLY

I used to have a list and will post it here if I can find it. But these are the main ones. And if you happen to answer the phone and it’s a creditor, you have the right to ask them that they only contact you by mail, and if they call again, they are in violation and you can contact the PFDC (Partners for Fair Debt Collections).

In some cases they can be fined, and you MAY be entitled to a judgement against them. Most won’t contact you by phone again, but it is good to know that this law is there for the creditors that harrass us.

 

I am gonna try to help you here

Ok I am gonna try to help you here. I am with a debt settlement company now…. but IF I had known back then what I know now, I would do things a bit differently. Laws vary from state to state. Some states the SOL (Statute of Limitations) is as long as FIFTEEN YEARS! I think that was RI or something.

Some states have as few as 2 or 3 years I think. I have a few CITI BANK cards and so far they haven’t sued me. I would need to ask you a few questions first. How far behind are you in your payments? My debt settlement company won’t begin negotiations till the debt is 6 months in arrears. This is usually the time that the debt is “CHARGED OFF”. By this time it has gone to collections and has most likely been sold to a collections agency. I did get a letter once from a creditor once saying that they were gonna start looking at public records to see if I owned any property. I called my debt settlement company and they told me not to worry that it was a “scare tactic”.

There’s nothing they can do to me, and that lawsuits are “usually the exception and not the RULE”. Since your car is paid for, I don’t think they can touch it. NOW if you owed on it, they could take it, cause cars and houses are considered “secured” loans. Most credit cards are “UNSECURED”, so I guess you could take out a cash advance, buy a car, pay cash and own it outright. I will go into the “things I would do differently” had I known…….in my next post. If I can help just ONE person, all this typing and getting knocked offline will have been worth it.