Ignoring Collection Agency Letters
Date: Fri, 11/10/2006 - 23:13
I sent a "validation letter" and received a reply letter in the mail today with pretty much the same info (but with my the last four digits of my social security number in the letter this time) they originally sent when they said I owed money for something I know I never purchased, and now they are collecting more money than from before.
I am NOT paying this..
Whats the worst that can happen if I just ignore these people?
Really, I want to know...
How much damage to me can these people do? I don't really care if my credit report is ruined, I dont even own a credit card...and dont even care for one since I have absolutely no use for them.
I would hire a lawyer to further pursue this, but I just want to ask you people out there how these collection agencies can actually "harm" me financially, etc...can they begin taking money from my social security? Or other methods?
If they can't, then I'll just phase them out from here on forward.
Thanks everyone ;)
If you ignore them, they can take you to court and if you don't
If you ignore them, they can take you to court and if you don't go and make payment arrangements, they can attatch your wages. If you're not working, and only get ss, they will not be able to garnish that for this type of debt. Is this a large debt?
Asset Acceptance will take you to court and if you don't show up
Asset Acceptance will take you to court and if you don't show up and prove this isn't your debt, they will get a default judgement. They are known for lying and collecting on debt that don't exist or have already been paid. They slide in under the radar and lie their way into alot of money.
If the debt has nothing to do with you, simply send your dispute
If the debt has nothing to do with you, simply send your dispute letter through certified mail with return receipt requested. You have to approach in the right way so that you have proof in case it reaches to the court. Ignoring their calls and letter will harm you because a default judgment will be placed if you don't show up on the court date.
How much do they claim you owe? If it's relatively small, the
How much do they claim you owe?
If it's relatively small, they may not pursue it in court. They usually analyze it a little bit to see if its worth throwing good money after bad money... In other words, they have to pay for court costs up front, but going to court doesn't guarantee that they'll get paid back, because you may be able to claim certain exemptions, or you might just go bankrupt. If their chances are slim, they may just throw it on your credit report and hope that one day you want to pay them to get it off.
