Creditors Exchange claims to have a judgment against me – what to do?

I got a call today from Creditors Exchange collection agency, claiming we close to having a judgment against us, like tomorrow.

There's nothing I can do but pay the $11G right this minute to avoid further charges.

After speaking with husband, we believed we closed all of our chase credit cards and are not aware of more out there. This could be a case of identify theft.

Can I ask for a validation? And will that stop any judgements that might be pending?

Thank you

very new at this and sick to my stomach

Hi

I think you found it to be a collection agency? You must legally force Creditors Exchange Collection Agency to validate the debt they are collecting for. They should give you the details of the creditors and the principal amount along with interest charges. No legal actions can be taken against you until they prove their collection is legitimate. The fdcpa has implemented debt validation for this purpose only. If they don't send you anything in writing within 5 days, send a debt validation letter requesting for the info. Since Creditors Exchange is using threats of judgment for tomorrow, send a debt validation letter today only. Keep the green copy of the certified mail for proof of the letter sent by you.

Guest,have you been served any court papers? If not,they may be trying to scare you and force you to pay.I had a company do that to me,I told them go ahead,I don't have the money.Be sure and have your debt validated to make sure they have legal claim to collect,and never give bank info. If you do make payment arrangements,send a money order,or something without your bank info to Creditors Exchange.Good Luck-why not consider signing up for the forums?It's free and you will not only find free credit consultation,but alot of support and get eduacted to what's going on with creditors,etc. ...Karen

Hi,

My mom's having the same problem right now. We received a phone call this morning from Creditors Exchange, saying she owes them $10k and if she doesn't pay today...they're going to send the papers over to our county court and have her arrested for "FRAUD". My mom doesnt even speak english that well, she doesnt even use a credit card and now they're saying she has this credit card debt owes that much money. We have to pay at this minute or face the court & have her arrested.

We dont know what to do but WORRYYYINGGG because she doesnt have the money to pay. Can they really do that???

Thank you very much. We're also very new at this & worry sick to my stomach about this problem for my mom.

Anyone has any advice on this matter?? And earlier today, they called our accross the street neighbor because we didn't take their phone calls since yesterday.

Can they really do all those?? including calling my neighbors & leaving msgs with them???

PLEASE HELPPPP. Thank you

First of all, they can't have you arrested for fraud or anything if you don't have their card,or even if you do. Send them a request for debt validation, make copies of everything, and send it certified, return receipt. Also you can tell Creditors Exchange in the letter to cease and desist from contacting you or others, except by mail. You need to check this out-if you have no credit card, this could be identity theft, or someone trying to scam you. Feel free to ask questions..KAren

My wife has been receiving calls from the same agency stating that Emily and her father are late on the house payment and that if they dont receive payment tomorrow that they will have no opition but to have them thrown out. First my father in law has not been on the deed for almost 3 years now,it has been in both of our names. I call and call and leave messeages and have not rec a call back. Has anyone had this happen to them? Please respond back as to what we should do.
Todd and Emily

Why would a collection agency be collecting on a mortgage. Once it defaults wouldn't they take the home?

Is it Creditors Exchange or Creditors Interchange??

I just got a call from them saying that they received letigation that was filed against me on Friday (they called Saturday). They left a case number and phone number to call. The guy talked so fast and fuzzy that I had to listen to the message 4 times before I understood what he was saying. I couldn't even understand the name of the person he was leaving the message for. I am way behind on my credit card bills, becuase I lost my job last year. I don't know if this is a scam or not. After reading the posts on here I don't know what to do? Should I wait for them to call again or try calling them back?

Any input would be appreciated.

Start by calling the court tomorrow morning, first thing, to find out if there's actually been a case filed against you. From what you're saying, my guess is that they're saying they filed when they didn't, as a scare tactic. If they'd actually filed, your first notice of the fact would've been a summons, not a phone call.

Call the court, and then get back to us. We need that information in order to advise you on best courses of action.

And while you're waiting fot the court to open, set up some preparations to record telephone calls from these collectors, if it's legal to record calls in your state. Otherwise, make very detailed notes covering the date, time, and length of the call, the collector's and agency's names, and what was said. If they're actually pulling major fdcpa violations, it would behoove you to document that.

are they really legit, cos i just got a call today, this guy left a voicemail. well in my situation, my bank of america credit card was zeroed out today, i think, due to late payments since i quit my job cos we mmoved and my husband is the only one working, and all his earnings goes to rent and bills, i called him back and he said that there's court papers ready, and that i am going to court and pay 7000 plus attorney. he's trying to help me avoid that by paying 2981.45 settlement and after that i dont have to worry about the credit card.he said bank of america so i assumed he's telling the truth. im scared and nervous at the moment cos i dont have 2000 right now. so can anyone help me , if this is legit? i dont want to go to court or jail =[. HELP !

Erica,

Take a breath and relax, you are not going to jail, no way, no how.
Is this the first contact you have had with them?
Send them a Validation letter and make sure that Creditors Exchange is the legal owner of the debt. You can find the letter in the self-help section. Send it certified mail return receipt.
They will have to stop all collection until they send the legal documents, and that includes filing suit.

are you sure? cos my credit card is already has alot of late payments due to not working. i tried my best to pay them on time but it didnt work out, the account manager for b of a called me to go to the branch to pay 150 i told her i didnt have that money, and that i didnt have anyyone that can help me out but she insisted, i totally forgot to go because i hadda family emergency . she called me back again couple of days later saying if i dont make the payment, its going to cause me a big impact for 7-10 years, i never heard her say 3rd party, so its my fault and i feel bad. i dont want to go to court and pay 7000 which i dont have. and certainly not jail. not ready for this kind of things. i mean i told her i was willin to pay after my hubby got paid. but i guesss she didnt care =[. what should i do now?

You cannot go to jail for owing consumer debt! Even if they sued & received a judgment,they can only garnish the legal allowed percent which can be modified by court with a hardship plan.