creditors interchange

If they are not bluffing... which usually they are. If they send it to a lawyer... chances are they lawyer is acting as a collection agent. So they have to abide by the fdcpa. If they file suit call and work out a payment agreement before it gets to court. Do this will prevent them from reporting the judgement to the credit bureaus.

Hang on just a minute there, Mr. Authority! Aren't you overlooking some rather important steps? Perhaps you aren't the authority on credit that you'd like to be seen as. Giving bad advice on these forums will not be tolerated. You have been warned. - Uncle Wulf

[quote=meanwhileback]just contacted by creditors interchange they say they cap 1 authorized them to collect a debt, if not paid in full they will forward to lawyers, dont have the 8 thousand they want what can I do[/quote]

OK... To get started, how about some more information, if you please. What state do you live in, is this for a credit card account, and when was the last time you made a charge or payment on the account? Has CI sent you anything in writing, or are they just calling? If they're just calling, what are they saying to you?

Get back to me as soon as you can. There are some very knowledgeable folks in this community. We'll work with you on this.