Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Being sued by CACH

Date: Mon, 03/12/2007 - 08:07

Submitted by anonymous
on Mon, 03/12/2007 - 08:07

Posts: 202330 Credits: [Donate]

Total Replies: 3


No need for long explanations of why i did NOT pay on a credit card debt of $5,500 but i didn't. (stupid, i know) Last payment made to credit card company was in December of 2004. In November of 2005 I spoke to a lady working for CACH, who told me they bought the debt which is now $9,400. Why doubled? (btw, she also informed me they bought the debt for $6,000, not sure if this is truth) I then offered to make monthly payments which she declined. I, also, asked for a validation of this debt at that time, she said she would mail me one. Needless to say i never recieved anything from them. Then in July of 2006 I recieved a citation. I immediately called them again and practically begged them to settle this debt with me on monthly payment plans, being refused again. I then sent a letter of settlement to them. I offered a lump sum for 5,500 or 30 monthly payments of $225.00. Again, I never heard from them. I do have documentation of all of this. Now I've been served with a court date. Is it too late to once again try to settle this debt with CACH? Or any advice on where to go from here would be greatly appreciated!
Thanks for any help,
Angee


Ange- first of all, be sure and respond to the summons in the time limit they give you, or they will be awarded a default judgement. When you go to court, take all the copies of your correspondence as proof you have tried to make good on this debt. They probably bought the debt for pennies on the dollar, most do. I would still send them a debt validation letter, certified, return receipt, just to have more paper work. They have added interest and their own fees to make the amount greater. Don't give them your banking info, or they will wipe out your account. If you want to settle, be sure and get everything in writing from them BEFORE you send them money. Good Luck!!.Karen


lrhall41

Submitted by Bossy4455 on Mon, 03/12/2007 - 09:08

( Posts: 5854 | Credits: )


I am not sure how to word this debt validation letter as the sample letters this site gives are not valid for me. I have spoken to these people in the past and i have also tried to settle this debt with refusal from them and NO response back from them on my last request in July of 2006.
Any help you can give me is greatly appreciated.
Thanks,
Ang


lrhall41

Submitted by on Mon, 03/12/2007 - 09:21

( Posts: | Credits: )


debt validation letter must cover the basic points that confirm any collection agency making a legitimate call on the debtor. See the letter below. The points that you need to know from the collector are mentioned in the link.

http://www.debtconsolidationcare.com/forums/about216.html

Go to the local county and verify the case filed by CACH. They are allowed to add collection fees and other charges that are legal in your state. You can verify those charges when the debt gets validated and give a call to your state AG.


lrhall41

Submitted by Steg on Mon, 03/12/2007 - 13:42

( Posts: 390 | Credits: )