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 Posted: Wed Jan 31, 2007 1:26 pm Subject: ?? About Attorneys with debt collection Agencies |
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Once A pay off has been aggreed upon and the actual debt this attorney is representing is taken care of, how is the attorney paid? Does my original debtor pay him? I sure as hell am not giving him any money.
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jbtemtp
Joined: 16 Oct 2006
Posts: 36
Debtcc Points: 1410
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| Posted: Wed Jan 31, 2007 1:32 pm Subject: |
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If the attorney in question represents a CA, regardless if he is in private practice or works for the CA, the CA is going to pay him. You may be sending your payment to the attorney where he will process the payment. Even if an attorney is acting on behalf of a creditor directly , or owns the debt himself, your aren't paying the attorney, you're satisfying the debt. Unless you go to court and attorney fees are attached, that's the only scenario I can think of.
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fjv4
Joined: 29 Dec 2006
Posts: 62
Debtcc Points: 1850
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| Posted: Sun Feb 04, 2007 10:37 pm Subject: |
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i faced similar kind of problem,i took a loan at the time of buying a new house, i unable to pay my debt few months, daily i am getting a phone call from debit agency, they harassed, many times a met that people and explain my problems, atlast i found good consumer advocate,
now i can control the collectors.
_________________
http://www.mortgagerefinancing.com
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shyamprasad_5292001
Joined: 04 Feb 2007
Posts: 2
Debtcc Points: 65
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| Posted: Mon Feb 05, 2007 8:13 pm Subject: |
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Attorney collectors are generally paid by a percentage of what they collect or a salary if employed by the CA or original creditor. Sometimes they buy old debts and are paid when they collect. If you are working out a settlement with an attorney, if attorney fees are not part of the settlement, then you should not have to pay them. Normally they can only attempt to add attorney fees when they have taken some kind of legal action against you. Even then, you can negotiate the terms of your settlement.
Remember to get your settlement agreement in writing.
_________________
Leaving for a while. Need help in Texas, contact some other good attorneys at www.helpingtexas.com
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texaslawyer
Debt Samaritan
Joined: 20 Dec 2006
Posts: 258
Debtcc Points: 41
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