I talked today with a lady regarding my 57 day late Advanta bank corp account. First of all she mentioned to me debt management, I then mentioned to her that dmp would not help my monthly payments be lowered and I mentioned debt settlement. She then told me that they do not deal with DS companies as they require them to "sell" my account and they don't do that. I had never heard that before. And she also said that as of the 30th my account would leave her department and so somewhere else, collections I assumed. I explained my situation to her and she wasn't rude but she still was wanting me to make a whole payment when I had just explained that I could not. We then got cut off when I went down into a bad cell phone place. If they don't deal with DS companies, will they deal with DS lawyers?Reason for Editing (Minimum 15 Characters)
Asked on 11:23 am Sep 23rd 2008
Anonymous
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It means more than I have room to write here. There's a good e-book out there "Debt Hope: Down and Dirty Survival Strategies" ... something of a manual for dealing with Junk Debt Buyers.Reason for Editing (Minimum 15 Characters)
Answered on 7:26 am Dec 1st 2009
Anonymous
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I called Advanta today and cancelled my settlement offer. I never received the offer by mail only thru a sort of fuzzy fax machine at work. I have asked no less then 3 times for the offer to be sent by mail and they said everytime it was on its way. I have also requested a copy of the my card agreement 4 times for almost 3 months, they won't send me that either.
I received an email from them last night saying the first payment was coming out. I checked the fax ageement they sent and it said the first payment must be made by Dec 9th(offer was made Nov 9th) but no set date was ever told to me, which I found weird they could just leave it open ended for a month. The guy on the phone got kind of pissed when I told him I wanted to cancel the offer due to the fact that they refuse to send me anything in the mail that I have asked of them. He said it was due to be sent out today, which I said I have been asking for a month,why today. He said do to all the layoffs there were very few people around to take care of those things.
Anyways the more attitude he sent my way, the more I sent his way. He said a few things and I think I said no wonder you have a 34%default rate. He asked me what I was going to do. I said I didn't know, I said since you can't send me a couple of simple things in the mail, I would take my chances when the FDIC takes you over in a couple of months. He finished by saying he would mark me down as refuseing to pay and turn it over to legal, for them to take action on.
I don't like playing games and don't feel good about this really. But I really don't like Advanta and their practices.Reason for Editing (Minimum 15 Characters)
Answered on 3:28 pm Dec 1st 2009
Anonymous
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Phillips and Cohen are clueless. This week they threatened to recommend a lawsuit against my nearly dead company of 20 years. I explained if so, it would force me to do the same thing as Dennis Alter and file bankruptcy. "That's no use" the mutt said on the other end, "if you do we can go after your personal assets"..."and who's Dennis Alter"
I calmly replied, "That's the guy who hired you-The PRESIDENT of Advanta. You see he's a dead beat of $130m while I only owe a few thousand dollars. Everything I own was leveraged out the wazoo, but I hear his house is worth $80m so if what you are saying is true, then he has more to worry about than me.Reason for Editing (Minimum 15 Characters)
Answered on 10:40 am Dec 2nd 2009
Anonymous
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Quote:
Originally Posted by Anonymous
October 34.99% default rate ... was 24% in Sept.
http://www.philly.com/philly/busines...t_Advanta.html
FDIC soon to visit ... debts will go to the "JDC Program" ... Judgements, Deficiencies and Chargeoffs .... buyer pays 1% for the debt, absorbs any costs of collection, and splits whatever they recover with the FDIC 50/50. |
Could I buy my own debt back for 1% and then try and collect it from myself?Reason for Editing (Minimum 15 Characters)
Answered on 1:37 pm Dec 2nd 2009
Anonymous
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Unfortunately, those sales only happen in bulk and only if you're the Junk Debt Buyer who wins the "beauty contest" ... I'm not kidding. It's called a Beauty Contest.Reason for Editing (Minimum 15 Characters)
Answered on 8:24 am Dec 3rd 2009
Anonymous
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Huh
After canceling my settlement offer on Monday. I just received a phone call from a real prick who said he was a private consultant who works between Advanta and their lawyers to determin weather to send my account to their lawyers for leagal action.
He was trying to be very intimidateing to me. He didn't want to hear anything bad about Advanta. All I told him was they refused to send me things in the mail that I have asked for
1. copy of my signed agreement
2 mailed copy of the settlement offer.
He wanted to know why I want a copy of my card signed agreement so bad. I told him my boss wanted to look at it for me. He is under the impression that under the FCRA that they cannot report me personally for a business card debt. Now I have read that that is not the way Advanta is set up but they refuse to let me see it.
He went onto say that since everyone signs up for cards online now. That they are not required to have one and the courts do not require one, in any case.
I went on to say how I asked for a Mailed Copy of the settlement agreement 4 seperate times in a month(due to the fax they sent it to is kind of fuzzy). I said that only after I called and cancelled my settlement did I receive a copy of it 2 days later. I said that I did not like the fact that the first settlement payment had a before Dec 9th payment and no set date and I was never given a set date for the payment. I asked if he thought it was fair that they give themselves an open window of 30 days to first take money from me when they decided they want it. Finnally I said that the first 2 days after I cancelled the settlement I received a call from a girl wanting to know why they haven't received a copy of my signed Settlement offer. I told him how could I do that when they wouldn't send it to me.
Well thats when he said he hoped my boss(the person helping me with advice, right or wrong advice that is) is a lawyer in the state of Utah. As he was recommending that they take legal action against me, and I anyone helping me would have to fly to Utah to go to court or they would win by default. He said I would be have to pay all of their court costs as well. This is all BS right?
Funny thing is, I am 99% positive he is the same collections guy who was prick to me a few weeks back, yet he claimed today, he didn't work directly for Advanta.Reason for Editing (Minimum 15 Characters)
Answered on 6:19 am Dec 5th 2009
Anonymous
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jaybone, did you get the guy's name?Reason for Editing (Minimum 15 Characters)
Answered on 7:18 pm Dec 6th 2009
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They can sue you in the State of Utah and get a default judgment but it's meaningless unless you live in Utah. Yes, it's possible to get a judgment in Utah and enforce it in your home state but that's a complicated and expensive process and almost never works for default judgments. As a practical matter, if they are going to sue you they will sue you in your home state. He's just bluffing.Reason for Editing (Minimum 15 Characters)
Answered on 8:56 pm Dec 6th 2009
Anonymous
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I'm not saying they won't sue (and they have been known to sue in Utah, the case involved one Charles Watlington and Mustang Oil Change in Texas
http://www.11thcoa.courts.state.tx.u...OpinionId=8914).
But given Advanta's prostrate condition and the looming FDIC takeover of the bank, I don't think much is going to happen to Advanta debtors anytime soon....Reason for Editing (Minimum 15 Characters)
Answered on 9:35 am Dec 7th 2009
Anonymous
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Quote:
Originally Posted by Anonymous
I'm not saying they won't sue (and they have been known to sue in Utah, the case involved one Charles Watlington and Mustang Oil Change in Texas
http://www.11thcoa.courts.state.tx.u...OpinionId=8914).
But given Advanta's prostrate condition and the looming FDIC takeover of the bank, I don't think much is going to happen to Advanta debtors anytime soon.... |
I'm currently being threatened with a lawsuit by them if I don't come up with $1,000 by tomorrow (Dec. 8th). They said the payment can be postdated til end of the month, so I'm planning to schedule it, but I'll have to bust ass to come up with it. I've been dealing with a guy named Robert Cohen at Sage Recovery. Tried numerous times to get help through a few different numbers at Advanta but they won't talk to me. This Cohen is a real character. His voice has the most threatening, scumbag quality you can imagine. Based on our "conversations" I have little doubt he'll do what he says and file suit.Reason for Editing (Minimum 15 Characters)
Answered on 10:33 am Dec 7th 2009
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