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 Posted: Mon Jan 09, 2006 6:12 pm Subject: Ok, more updates of my debt repair... |
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I got the official call from T&C today. They have contacted all my payday loan lenders and are waiting for two of my other creditors (old bills which I didn't realize I owed until checking my credit report. I contested the amounts but lost - it was from years ago). ANYWAY, I sent off my first payment today and am SO excited! I am on the road to getting my life and finances back on track! Whoo hoo!
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skrying
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| Posted: Mon Jan 09, 2006 6:20 pm Subject: |
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Did you check the SOL of those unknown accounts that took place some time back?
The SOL will be renewed after you have paid towards an account that is past the statutes. Make sure that you have reviewed it before your payments are transferred to the debt account.
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john
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| Posted: Mon Jan 09, 2006 6:51 pm Subject: |
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The SOL in WI is 6 years. The SOL in my case has not expired. After trying to contest it, I realized what it was and am trying to make good and honest on the bill I owe. An old medical bill which my insurance carrier at the time did not cover.
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skrying
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| Posted: Mon Jan 09, 2006 7:08 pm Subject: |
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Make sure that the consolidation company takes the payment receipts from your creditors. These receipts can only prove that you have successfully made payments towards your debt account.
It will also be better to get a statement from your lenders mentioning that your credit report will be updated after the account is paid in full. I am assuming that the consultant might have got this written statement but you can confirm with them. Let us know the outcome.
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john
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| Posted: Mon Jan 09, 2006 7:16 pm Subject: |
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Will do John, thanks!
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skrying
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| Posted: Mon Jan 09, 2006 7:39 pm Subject: |
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All I wish to add here is that you should be dedicated in making the payments. The date of last activity will get renewed every time you pay the debt. Thus, your statute is also getting extended including the collection period. Be regular in your monthly payments so that you don't undergo any such embarrassing situations.
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david
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| Posted: Mon Jan 09, 2006 8:00 pm Subject: |
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I can assure you this won't be an issue. I am not about to suffer any further embarassment. I have worked with a DC company before and the payments were automatically deducted from my account so there were no problems there.
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skrying
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| Posted: Tue Jan 10, 2006 9:33 pm Subject: |
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As of 1-10-06, no further calls from creditors or any attempts to post the checks through my account (that were stopped). I will be making my second payment to T&C next Thursday. So far, so good.
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skrying
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| Posted: Wed Jan 11, 2006 9:49 am Subject: |
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That's great news 
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CowampChicken
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| Posted: Wed Jan 11, 2006 10:05 am Subject: |
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Now you can breathe easier and know when you answer the phone a collection agency isn't on the other end.
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NotsoLucky
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| Posted: Wed Jan 11, 2006 1:03 pm Subject: |
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That is so nice to know too!
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skrying
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| Posted: Sun Jan 15, 2006 8:04 am Subject: |
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Hmm, well..yesterday I got a "final notice" to collect a debt from one of the PD loan companies. This is after my debt condolidation company has set up an agreement with me. Why would they still be doing this?
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skrying
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| Posted: Sun Jan 15, 2006 8:30 am Subject: |
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I was told by Brooke at T&C that it takes 3 payments to the creditor before they will cease all efforts. Once you've made your third payment, it will show the creditors that you are serious about paying your debt.
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NotsoLucky
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| Posted: Sun Jan 15, 2006 10:16 am Subject: |
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oK, thanks for the info!
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skrying
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| Posted: Tue Jan 24, 2006 4:30 am Subject: |
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Third payment has been made.....woo hoo! I am feeling so much better now! 
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skrying
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| Posted: Tue Jan 24, 2006 10:09 am Subject: |
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Congrats, skrying 
BTW, are you monitoring your bank accounts and receiving the monthly statements from your consolidation company. Just want to make sure that your money is going towards the right direction.
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david
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