Internet's first get-out-of-debt community - 145,000 members

MikeCCCC · Posted: Thu Dec 20, 2007 7:13 am Subject: New and need help

Good Morning,

I have just found your site. Last year I feel behind on 4 credit cards totaling about $20,000. I was able to reach a payment arrangement with one of the companies but the other 3 were writen of and sent to collection agencies.
National Action Finacial Services - Owe $6300 - They are willing to set up a payment arangment for 130mo over 60 months. I candle this but they want my bank account info to set up the payments? What should I do?
Weltman,weinberg,&Reis - Owe $6700. I have sent them a letter stating what I can pay on a monthly basis - Waiting to hear back - Any suggestions?
Bronson & Migliacicio - Owe $8400 according to them $9700. I have offer to set up payment arangment but they want a huge down payment that I can't manage. They are threatinging to send the file to the attorney to proceed with a suit.
Need some help here. I want to kepp everything out of the courts. What do I do about bank information?
Any info helps.
Thanks

Posted: Thu Dec 20, 2007 8:05 am Subject:

First of all someone will be along shortly to assist you. Do not give out any banking information to anyone because that basically gives them the right to debit your account whenever.

Please register on this site it gives you the opportunity to speak to someone in regards to your financial options, call the 1-800-601-1579 to speak to someone or click on the right side of your screen to speak to someone right away.

ladybug

Posted: Thu Dec 20, 2007 8:42 am Subject:

Welcome to the Community Mike Very Happy

Ladybug is right- don't give them your bank account info to be on the safe side.

Don't know about the others, but WW&R are asociated with LVNV, and don't like to play fair. The had told me in the past they would accept a settlement and didn't. This was before I found this site, and didn't get it in writing. Have recently dealt with them again-still not playing fair.

I am assuming that you have sent them a debt validation to make sure they have your debt?

If you register with the site, it's free, you can take advantage of the free credit counseling.

I have told Ca that I am not giving them my account info- and sent payments with a money order,even to the ones who said they don't take money orders and they have never sent it back.

Feel free to ask question-we are here to help and guide you.

Only you can make the decision of what and who to pay or settle with, but make sure they have your debts and you get any and all in writing..Karen

Posted: Thu Dec 20, 2007 8:56 am Subject: Thanks you

I am now signed up and will start using the site more effectivly. I didn't send the DV letter since it has been past the 30 day mark. I know that NAFS is holding the debt. I verified it through the original creditor. I am just very nervous. I want to make things right but I can't strap myself either.

Posted: Thu Dec 20, 2007 9:02 am Subject:

Welcome!! You are right, don't strap yourself when deciding to make payments. I have always set a fair payment arrangement, some take it, some don't. They will always ask for more-if you don'thave it, tell them what you can afford-but get the final agreement in writing,that way, a few months down the line, they can't say that you are'nt paying them enough!

Good Luck to you..Karen Very Happy

Posted: Thu Dec 20, 2007 9:16 am Subject:

NAFS sent me a letter in writting outlineing the plan. I think it is a fair payment plan. Can I still ask the other 2 companies to validate the debt? What happens if they companies won't take payments and I get sued?

Posted: Thu Dec 20, 2007 9:27 am Subject:

If you aren't sure if the other companies have your debt and can legally collect on it- send them a DV. I have been dealing with a CA for almost 2 years, they pass it around and around,especially now they know I know my rights as a consumer.Keep all correspondence and notes-you may need them.

WW&R didn't validate mine-but my original contract was signed 23 years ago.

I am not saying to not pay your bills or what you owe- just that to make sure the right people have it and can collect. If you know this to be true and they won't accept payments- I ahve sent them reasonable payments by money order, kept track of the balance, and they never have turned them down. I also sent a letter with each payment,made copies and said this is payment #1 for xx dollars which leaves xx dollars balance..KAren This is rather confusing-hope I didn't make it worse for you Laughing

Posted: Thu Dec 20, 2007 9:31 am Subject:

Is there a sample DV letter that I could send? Sorry If I am asking alot of questions, just really want to get the ball rolling on this situation.

Posted: Thu Dec 20, 2007 10:28 am Subject:

Here is one that may help you

Posted: Thu Dec 20, 2007 10:30 am Subject:

The collection agencies you listed....

Information on all 3 of them is listed at

budhibbs.com/coll_to_avoid_list.htm

Addresses, web sites and other good information.

Posted: Thu Dec 20, 2007 12:19 pm Subject:

Thanks. It turns out that Bronson & Migliaccio is working on behalf of CACH, LLC. Anybody know about this company. Are they a bottom feeder. I have consulted a lawyer as well in case thins go to litigation.

Posted: Thu Dec 20, 2007 4:49 pm Subject:

CCH, LLC is among the worst of the bottom-feeders. Look at this: budhibbs.com/am_worst_collection.htm

Posted: Thu Dec 20, 2007 8:45 pm Subject:

Always remember to check your state law as well regarding collector/debtor issues.

hockeyman · Posted: Thu Dec 20, 2007 9:09 pm Subject:

Let them know that an unreasonable payment plan is being proffered to you. Yet, ALWAYS and I saw ALWAYS make a counter-offer to them, they always shoot high to make it somewhere in the middle, especially if it's an attorney. If you leave it open, they won't do anything as they most likely think you're b-sing them.

Posted: Fri Dec 21, 2007 7:08 am Subject:

I have offered the companies what I think is a fair payment plan. They say I owe $9700. I offered $150 month over 65months with Balance paid in full at end. They told me that they could let me do $260 a month if I had $1000 to put down. WIth the holiday I have no spare money. I am sending out DV letters today. Also with NAFS they have accepted my payment plan but say they need back account info to do E-checks. I am going to offer to do money orders, what if they say no?

Posted: Fri Dec 21, 2007 8:45 am Subject:

I had some that said no to money orders and wanted my account info- I sent them money orders anyway, with a letter saying this is payment #1 for xx dollars-did that until it was paid off. They didn't refuse my money--but make sure you make copies of the money order and any correspondence you send..Karen Very Happy

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