Internet's first get-out-of-debt community - 135,000 members

Hello, I received a call the other day from the Law off of John P Frye law Office working for Atlantic Credit and Finance. They just recently (weeks ago) Purchased a debt from Capital One. It was an $8000 loan that was unsecured. I was making regular payments for about a year, and then money problems started. I tried working with them (Capital One), making payments when I could, but they sold it anyway. I wanted to make payment arrangements with the the law office of John Frye working with Atlantic credit and finance, but they also would NOT work with me. The wanted the money all NOW, TODAY. They said if I don’t make the payment in full, they will sue me, garnish my wages and put a lien on my house.. What can I do, how much time to I have??? Any help?

Posted: Thu Apr 03, 2008 11:01 pm Subject:

hi grlnew

don't worry......they wont sue you or garnish your wages. They are using scare tactics to intimidate you. So, do not hit the panic button. I know dealing with collection agencies is really a pain in the neck!!!! But you have to deal with them and that too bravely....next time they call you ask them to validate the debt. Remember that validation is the first step that you must take to deal with the collection agencies.

Take care n do not worry
Nelly

Guest · Posted: Thu Apr 03, 2008 11:47 pm Subject:

grlnew, do not let these people even phase you. understand that threat is what these people use. it is their tool. someone will be along shortly to inquire of the specifics. i am just here to tell you not to worry.

texan.

Posted: Fri Apr 04, 2008 3:14 am Subject:

Grlnew, the first thing to do is not panic. There are laws that cover what a collection agency can say or do to you. And they've already broken several. They can not garnish your wages or lein your home without a judgement, obtained from a court.

Now... What state do you live in? And when was the last time you made a charge or payment on the account in question?

Posted: Fri Apr 04, 2008 6:13 am Subject:

You can send payments to them, whatever you can afford. If it goes to court it will show that you are doing what you can. If they refuse any of the payments then they will dishonor the contract and void it.

Guest · Posted: Fri Apr 04, 2008 6:43 am Subject:

Thanks for all your help and advise.. what really concerns me is the law office it is at.. Has anyone heard of or dealth with the "John P Frye Law Office" they say there client is Altantic Credit and Fiance.. or are they both one in the same... I want to get this taken care of.. but they don't work with me.. they want it all now!!!
Thanks

Posted: Fri Apr 04, 2008 6:51 am Subject:

If anything looks fishy send them a debt validation letter (you can find a good template via my signature) which should be sent certified mail, return receipt requested. Otherwise just pay on it what you can, they have the right to demand payment in full but probably will not refuse payment.

Posted: Fri Apr 04, 2008 7:53 am Subject:

Thank you.. with the letter.. what enclosures should i send with it.. this wont upset them more will it.. and make them send me to court sooner?? Just want to make sure i do everything right.. and i will send them payments.. so show i want to make payments and i want to pay this off..

Posted: Fri Apr 04, 2008 9:57 am Subject:

If you send the validation letter then you should wait until they validate before sending payments. The enclosure is listed as a hyperlink. For your convenience here is the url:
http://www.ftc.gov/os/statutes/fdcpa/letters/wollman.htm

guest · Posted: Mon Apr 07, 2008 9:34 am Subject: Deb Settlement Companys

Does it help to work with a debt settlement company? Do they work?

olmama · Posted: Thu Sep 25, 2008 4:38 am Subject: debt settlement company

Guest, we enrolled in a debt management co. this past jan. Everything that they explained, their fees, what can happen is happening. Although it hasn't been a year yet since our enrollment, two of our smaller debts have been paid. We have 4 large debts, one with HSBC which John P Frye bought. I spoke with them once, told them the number to call and a second time that I contacted them I was able to leave a voice message for them to contact my debt management co., again.
Yesterday my debt management called to let me know that Frye contacted them and made a very good offer. However, my dm company does not do payments and it was up to me to decide whether to take their offer and pay it myself over a period of 16 months ($600 per month). I told them no. The reason being is that if we had an extra $600 a month, we would, but right now we're just barely getting by with our monthly expense. So we'll just see what happens.

Milly6060 · Posted: Tue Oct 07, 2008 2:14 pm Subject: JOhn P Fryye

will someone who dealt or settled with them please contact me. Im in desperate need of help! 313-585-6624

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 135,000 members

Law office of John P Frye Atlantic Credit and Fianance

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post