Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

Help with CA PLEASE!!!!!

Date: Fri, 09/14/2007 - 16:45

Submitted by anonymous
on Fri, 09/14/2007 - 16:45

Posts: 202330 Credits: [Donate]

Total Replies: 11


I was contacted by Creditor's Exchange last night and threatened with "Adjudication" if I did not contact them by 3pm today. I called this morning and was told I had to pay in full - no payment plan. I called back an hour later and was told that they could split it into 2 payments. The total due is 3000. I can make the first payment, but the second, due 2 weeks later, is basically impossible.

I acknowledge this debt and want to pay it off.

I asked if they owned the account and was told that they only were given Power of Attorney by FIA, the company that I originally owed. My questions are:

1) Should I contact Creditor's Exchange in a few days to try to get a payment schedule?

2) Since I made this deal with this CA, would I still be eligible to make a payment plan with FIA?

3) What loan companies (if any) would be willing to loan me 1500 when I have bad credit???

4)What is "Adjudication?" Can they charge me legal fees??

Sorry this was so long! Thanks in advance for any advice!!!


jen, welcome! :D You have come to the correct place for help! I, unfortunately, am not a "credit" expert. However, we do have many knowledgable forum members who can answer your questions! Hang tight and someone will be along and help you out and give you some answers!


lrhall41

Submitted by cannr on Fri, 09/14/2007 - 21:18

( Posts: 9317 | Credits: )


First mistake you made is acknowledging debt.Second mistake you made is speaking on the phone.Third mistake you made is agreeing to a payment plan on the phone. Lastly if you provided banking info,prepare for them to drain it dry.

To clean up this mess is gonna take time.First if you provided banking or credit card info,that number should be frozen so they do not loot the account. Next write them a dv letter and send to them certified return receipt mail.The third link in my signature at the bottom of my post contains one.If they can validate the account properly,then come back here and we can work up a settlement letter.


lrhall41

Submitted by cajunbulldog on Sat, 09/15/2007 - 08:56

( Posts: 4850 | Credits: )


Acknowleding a debt that you know you owe is never a mistake. Since it is illegal for a collection company to take more than you authorized I doubt they will drain you account dry. That scenario leans more twards online PDL companies. That's even if you gave them account information. And it isn't a mistake to speak to anyone over the phone. The only mistake would be to agree to something you can't do.

A DV letter is always a good idea. If the collection agency doesn't own the debt then you may want to call the creditor and see if they know where it is.


lrhall41

Submitted by FYI on Sat, 09/15/2007 - 09:51

( Posts: 1950 | Credits: )


Guest- we are not going to go around and around on this. FYI has helped many people understand collection agencies. All collectors are not bad- I have friends who are collectors, they work with others. I have also had collectors work with me,with the exception of LVNV!
IF she is spying- what in the world could she be taking back? That Bossy4455 said so and so?!

If you continue to attack mods, or others on this forum, it will be dealt with.

You are free to contribute and say your experiences here, but attacks are off limits..

I really wish she were spying for LVNV, though- they are upset with me beacues I am "debt educated", their words, and they state they know where I got it from :lol:


lrhall41

Submitted by Bossy4455 on Sun, 09/16/2007 - 10:21

( Posts: 5854 | Credits: )


LOL :lol: so LVNV is pissed because you know your rights? OMG that just made my day! Do you have a post about your dealings with LVNV? If so, I'd like a link so I can go read it. I haven't dealt with them personally yet.....just with their 'assigned' CA who keeps calling me....I had that rep so upset -HE- demanded I speak to his manager...what a rush. :)


lrhall41

Submitted by goldenbast on Sun, 09/16/2007 - 20:22

( Posts: 2884 | Credits: )