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 Posted: Sun Jan 13, 2008 9:10 pm Subject: |
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Couple of reasons:
I use the recording as a reference. Helps me remember what was said, by whom.
Also handy for taking notes, without being distracted by writing while talking/thinking.
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The four 'no's of dealing with collectors:
No validation?
No payment.
No way!
No kidding!!
 Economic Stimulus information from the Infernal Revenue Sadists
Tellin' you all the zomby troof
Here I'm is, the zomby woof
[Frank Zappa, 1988 - R.I.P.]
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unclewulf
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| Posted: Wed Jan 16, 2008 6:50 am Subject: |
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I agree that you should definitely call them. Let them know what situation you're in now, and you might also see if they are willing to defer a few payments, or reduce the minimum payment to something you can afford.
Ignoring them is the worst thing you can do right now, it just screams, "I'm not gonna pay you!!"
I'd much rather deal with my CC company than a collection agency, anyday!
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DaisiLou
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| Posted: Wed Jan 16, 2008 12:45 pm Subject: creditors vs collection agency |
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Can a collection agency take your house if it is paid off and you have no mortgage on it? Can they force you to "refinance" so they get their money, if you are unemployed?
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ram.gree
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| Posted: Wed Jan 16, 2008 3:56 pm Subject: |
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Not entirely certain on this but I know that many states consider property exempt from judgments. They cannot force you to refinance your home either (as far to my knowledge) Even if you did reside in a state that would allow anything to be done with your house in regards to a judgment unless the amount of your debt was more than the value and/or equity of your home the most they would be able to do is place a lien on the property.
That would just mean that if you sell it the lien gets taken out of the proceeds before you are paid. Did a collection agency threaten to take your home? If so who was the agency and what state do you live in?
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JCEMT
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| Posted: Wed Jan 16, 2008 5:06 pm Subject: |
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| ram.gree wrote: | | Can a collection agency take your house if it is paid off and you have no mortgage on it? Can they force you to "refinance" so they get their money, if you are unemployed? |
In most cases, no, unless you've used the house as collateral. It varies by state, though. As JCEMT said, usually all they can do is lein it. Lots of places, they can't even do that.
_________________
-
The four 'no's of dealing with collectors:
No validation?
No payment.
No way!
No kidding!!
Economic Stimulus information from the Infernal Revenue Sadists
Tellin' you all the zomby troof
Here I'm is, the zomby woof
[Frank Zappa, 1988 - R.I.P.]
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unclewulf
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Joined: 27 Nov 2007
Posts: 2139
Debtcc Points: 17958
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| Posted: Thu Jan 17, 2008 1:19 pm Subject: |
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Thanks for all of your replies. I owe a total of $30k in credit card debt & am trying to settle it down to $15k. Is this best done with the original creditor? Will they settle or does it have to go to collections in order to do this?
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kimberlysnewell
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