Got a letter from Bronson & Migliaccio, what do I do now

I recently received a letter from the above named law firm stating that the Creditor is CACH and the original Creditor is Credit One Bank. It says that this office has been retained to collect the debt owed by me to CACH, LLC. This is a demand for payment in full. I do not have the entire amount owed since I cannot work due to an injury. Has anyone had experience with this firm and if so, do they accept payment arrangements? Please help, getting a little scared.

First, are you sure this is your debt? I would immediately request validation (get a sample letter on this site). You need to verify that the debt is yours and that the amount they are stating you owe is correct.

Next, you need to determine whether or not the debt is still within the SOL (Statute of Limitations). What state are you in? When was the last payment you made on this account? Each state has a time frame for when a creditor can pursue legal action against you for a debt. If the debt is past the SOL, they may still try to collect, but they cannot take or threaten any legal action.

Give us a little more information and we can try to help you work through this.

Follow the advice of HeretoHelp. This should help you in getting started. Get all the details of your debt from this CA to confirm about their legit collections.

Call the original creditor and verify if they have your file with them. You can work out payment arrangements with them directly and won't have to deal with the CA if your plan is accepted.

Actually, I do know that I owe this money and that this is my debt. I live in NY and I believe the last payment I made to this account was last August 2006. Would they be willing to make payment arrangements or should I just try and sell some possessions in order to come up with the money?

Fatb88, I called the OC (Credit One Bank) and they said they couldn't work with me because the account has been sold to CACH, Collect America. I called them and they said I need to call the B &M law office since my account has been referred to them. I explained that I never received a notice from CACH and they said that's because B & M is a part of CACH. The last statement I received from Credit One Bank was last month (April 2007) and then I get this letter from B & M automatically demanding full payment?! Obviously they are not giving me a chance to make payment arrangements.

As stated previously validate the debt to preserve your rights under federal law!

That's the way these places work. They demand payment in full immediately - this scares you and makes you see an urgency to their demand. They assume you will be so scared that if you do have a means of coming up with the money, you will rush out to get it and send it to them to avoid "the next step." The reason you want to demand validation at this point is because it gives you a starting point. 1. You make sure that the company you are paying actually DOES own the debt (it's possible you can receive a letter and the debt is sold to another company by the time you send a letter or payment). 2. You get a breakdown of the amount owed to the original creditor and the interest and other fees being added on by the CA. 3. You get an exact date of last activity or default.

Having the amount owed to the original creditor is where you want to start your negotiations. You CAN get the CA fees and additional interest waived, they are being paid out of the original amount owed - anything else they can get is gravy. During the validation process, you can also spend that time reviewing your income and expenses and figuring out just what you really can afford to pay. Then, once the debt is validated, lay out your proposal to the CA in writing. Write to them that considering your expenses and other bills $XXX is what you can afford to pay them on a monthly, semi-monthly, weekly basis. Stay in control and know what you can and can't do. When you send your offer letter, also send the first payment to show good faith. If they accept and cash that first check, then that can be interpreted in a court of law as acceptance of your terms. Any further harassment on their part can be deemed a breach of contract. Then stick to the agreement you proposed - don't miss any payments.

i received letter do to a past credit card that was 500 and 1165 now oweing and they want payment in full they also called my mother saying there a law firm i need to call them asap, she has nothing to do with this, i called the man i spoke with hung up on me because i told him not to call mother anymore.i call him back he is threaten to put a lien on my house and will not except payments I am out of state . what should i do i feel like they can except payments, i read things saying dont deal with them and do deal with them please help me becaus i cannot pay it in full are pay no more than 2o.oo a month,and how can i have them stop calling people that has nothing to do with this need help lisa