Midland Credit Management Lein?????
Date: Sat, 10/07/2006 - 08:59
1. Put a lein on your house and force you to sell.
2. Sue you without the original creditor's permission.
And what are the chances that they will be successful?
Once the debt is sold to the collection agency, it's their debt.
Once the debt is sold to the collection agency, it's their debt. So no, they don't need to get permission from the original creditor to sue.
Putting a lien on your house is extremely drastic..They can't collect for more than the debt. This sounds like a bullying threat to me. They can and will take you to court and get a judgement to garnish your wages..Unless you are in Texas, The Carolinas, or Pennsylvania, where garnishing for consumer debts is illegal. In those states, they can force you to sell certain personal items or seize your bank account.
What is the debt for? And what collection agency are you dealing with? are they making threats?
Midland Credit Management Lein?????
I got a letter from midland credit management that they are turning over my account to a lawyer for action. It was for a car (Daewoo) that turned out to be crap and we returned it to the dealer. We then bought another car but they failed to mention that they were turning it in as a repo.
Midland Credit Management Lein?????
It is almost at the 5 year mark. I'm in florida. 8 months shy of SOL.
Have they threatened you with a lien? What they do with repo
Have they threatened you with a lien?
What they do with repos, is they take them to an auction as sell them. What they get for it they put towards the amount owed on the car, so you've probably get a debt of several thousnad dollars, plus collection fees. You need to do a few things..Validate the debt, first of all. Then try to work out payment arrangements with them. Have you tried this yet? Do you know the amount of the debt?
Midland Credit Management Lein?????
Over 12K. I attempted but they said they don't validate the debt, they just send a letter to collect the debt that they have been sending. They also wanted more than I offered or could afford for a monthly payment.
That's a lot to garnish. Have you talked to an attorney? You may
That's a lot to garnish. Have you talked to an attorney? You may want to consider calling one, a lot of them offer free phone consultations. It can definitely help you get your ducks in a row and figure out what you need to do..
I was assuming the debt was for less than $5000, to be quite honest, I don't know WHAT kind of measures they can take on a debt that size. Good luck, please let us know what you find out.