Hess Kennedy Receivership

I received paperwork two weeks ago, and have since mailed it back. I have been out of the program about a year, but managed to let them put me 6000.00 further into debt with all the interest piling up on the cards they did nothing with! I hope to get my 2000.00 back that I paid the A-holes. I also had my CapitalOne debt dismissed, as they sued Hess Kenendy and won for 18,000 of their customers! Let's go, credit card companies! Pay attention and do the same for everyone!

I sent my info. I just keep reading on the receivership website. Although I'll admit have the stuff they post I have no idea what they are talking about.

Best of luck on this. I hope you get everything back. I read a lot of shady stuff on them.

Hess Kennedy has about $1000 of mine. How do I put a claim in? I didn't save any of the paperwork. I figured I would never get anything back so i THREW IT OUT.

Butterbean,

You can go to the website http://www.lbfmiami.com/ They have all the info. Go to the receivership information and Laura Hess. Fill out the info and send it in.

I have looked over the website today and I don't really understand all that is going on? Can someone kind of explain it to me.

I'm happy for all the HSBC Customers and Capital one customers!! At least they settled and you don't get screwed.

I received my claim number in the mail today.

Laurie P,

Congrats. I wish WAMU would do that for me.

dfawaz
I feel your pain. I have a WaMu card that was in the program also, and they are pains in the ****. I hope you and I both get satisfaction from that one, but I have my doubts.

[color=Red]****Adult term removed - Jason[/color]

My husband signed up with them about two years ago, and we paid them approximately $2500. Now we are receiving threatening calls from creditors and I just lost my job last month. I really want to pay off these debts, but we don't have the means right now. I want to go to another debt consolidation/settlement company, but I'm a little leery after this experience. ::sigh::

Laurie,

Same to you. This a pain.

Stephanie, Do some research. I went through Preferred Financial services with another card. They got my debt done in no time. I got 17300 card down to 9k. Which was nice.

I just read yesterday that HSBC is getting on bard as well. I have a Direct Merchants Bank card from HSBC that was also in the settlement program..I sent them a copy of the article today and stated I was no longer paying, as Capital One forgave my debt,(even though I'm trying to get my last 2 payments back from Capital One, as my file was closed before I mailed the payments!) and they are doing the same. Again, let's go, WaMu! One word of advice, make lots of phone calls, cuz noone is going to notify you to stop paying unless you are persistent!

Laurie. Have you gone to the lbfmiami website? They have all the info going on with the case. You can read about the HSBC and Capital one settling. I have read alot of the stuff that is going on. I don't understand some of it, but it would be nice if WAMU jumped on board.

dfawaz,
I went on that website yesterday, and it is very helpful..thanks.
I agree with you on the WaMu card. Those people are very nasty and persistent, even when you are paying what you are supposed to each month. I have my doubts they will jump on board. They are even greedier than the rest.

LaurieP,

I hear ya. They are nasty. I heard that Chase is going to get rid of 5200 of wamu workers. Not that this matters but chase since it owns wamu should jump on board and help out. In this economy everybody should be helping everybody.

I just called Campos Chartered and they informed me that I have to now contact Hess Kennedy. I had paid my 30 payments off in September and was calling to check up on settlements. I paid them $14,880 and am now being told that I might get a percentage back. Nothing is guaranteed. I am very worried about the entire situation, and while it's comforting to know that others are going through this it is incredibly troubling to know that this could happen to so many of us. Does anyone have a lawyer? Suggestions besides just sitting around hoping for the best? I hoped for the best with finally paying off my debt and look where that got me. I wrote down every person I ever talked to, what they said, all contact (letters, e-mails, etc) and will not sit by quietly! Any information or updates is appreciated.

dfawaz,

The sad part is, Chase had a lawsuit against Hess Kennedy and lost. Now they probably won't do anything. I did not know that Chase owned WaMu. I don't have the card anymore. WaMu calls my home every night (one of those computerized calls) and I am current on the bill. I think it's for electronic pay, and it will be a cold day in hell before I give them permission to do that!!

Allison,

It's in receivership. I don't think you can get a lawyer against them. Whatever the receivership is going to get is doing on the behalf of all clients that were formely with hess kennedy. Also Send the info to the receivership. All info you have. I did. I got a call today from one of there reps but i was at work. She stated she would answer all my questions.

Laurie P,

I actually have a collection Agency calling me now on behalf of my old debt. I DV them and have not heard anything yet. I sent it about 3 weeks ago. Chase could not get paid for what they didn't though. If you don't mind me asking how much do you owe to Wamu? I owed them 12k when I first started now it is up to 16k. Im not paying them 8 k either. I got a settlement letter for half. I will settle between 4-6k. Hopefully some of that will come from the Receivership

dfawaz,

Belive it or not, I only owe the 1700.00, but you would think it was 25K the way they bother me. I'm about to get a whistle for next time they call, which will be about 8:10 this evening like clockwork. I just can't believe the harassment on a card that is current on payments. I sent a copy of the letter on lbfmiami to my HSBC debt which was with Hess Kennedy, telling them that I was one of the 6,000.00 and to not expect any more payments!! Take that!

Laurie P,

I hear ya. Damn Collectors. I can't stand them. I made my mistakes and I would like nothing more then to be out of debt. But right now I'm in financial hardship. Half the time I want to tell them I'm filling Bankruptcy. You wont get anything now. B******. I do want these debts paid off. I made mistakes by running up my cards and thats my fault. But when I get penalties that are outrageuos thats BS. All these banks got bailed out. I don't want a bail out I just want some help.

dfawaz,

The problem is, we all tried to get out of debt with help, and that HELP cost me about 6000.00 in interest and a crappy credit history now. I was current on the 5 cards I gave to Hess Kennedy,
which kills me because now I've got a truly crappy credit rating, although one of the credit report agencies keeps telling me I'm dead. I said, "if that's so, then I can stop paying all my bills, correct?" I did luck out with the HSBC and CapitalOne forgiveness, but will still have to claim the $7,000 + forgiven as income next year, (which, by the way, was basically all the interest accrued sitting with HK). Small price to pay, I guess. Hopefully, we will all see some money back from Hess Kennedy, but I'm not holding my breath. I don't want a bail out either, but we definitely showed good faith by taking over when HK started screwing us around. I know about financial hardship, when it comes to buying food or putting gas in the car, and I work full time! justwhen I see a light atthe end of the tunnel, something else pops up to take that little bit of extra money. I don't know about you, but I don't see how there is any way for me to retire in 15 years, being single and 1 income with no savings. I'd have to rely on SS, if there is any left at that point! boy, I'm rambling.

Laurie P,

We did get screwed along with thousands of others. What is even more gut renching is that ***** is not even going to jail and you know she has more stored away on offshore accounts. As for the creditors you would think there would be some leway. Capital one and HSBC did the right thing. It's not like the companies didn't get paid. They both got over a million dollars each which isn't much in the corporate world but they will still get money for any money not paid in full. I still have a little while before I retire. SS will not be there for me the way it is going. I know your credit may be hurting now but it will get better once you get everything in line. My Uncle had over 150K filed for bakruptcy and had to pay something like 50K back and says his credit is actually in good standing. This all happend over 7 years ago so there is light.

dfawaz,
I had a bankruptcy in 2004,but I was devastated that I had todo it. I had to get rid of my condo as well, even though when I bought the condo on a USDA loan I was told payments would never go up. I actually got the thing for $375.00 a month plus condo fees and taxes, blah blah..well, when I finally went bankrupt, my monthly payment was $650.00 and condo fees had gone from $110 a month to $330 a month. I'm just a sucker,I guess. I felt like such a low life for having to claim bankruptcy, but my lawyer at the time reassured me that I should have done so 10 years ago! He said I was one of the most stubborn, determined clients he ever had. Dumb is more like it. Your credit does get back on track.obviously, I didn't learn my lesson, and went out and got more credit within a year. But in my defense, it wasn't material spending,per say, just day to day expenses and needs. I will keep one card that has a low limit, but the rest that were with HK have been disposed of when I went into HK settlement program. As far as Laura Hess, I believe she is gonna have more**** thrown at her with all that's surfacing now. If not, I'm up for a trip to FLorida-how about you? ha

Sounds Like A Road Trip!!

Did you read the new post on the Website? I don't understand it very well. Are they trying to get us to signup for another debt settlement program? Call me dumb im not big on all the lingo.

Curious if you saw it.

dfawaz,
I just read the article and it sounds to me like they are trying to get all the"current" Hess Kennedy "victims" to stay in keeping with a debt settlement program if they can get a reputable firm to pick up the mess and continue on.I am not real savvy myself on this stuff, but that's what I got out of the article.I just want to see some money back that SHE spent while putting me further into debt.

Laurie P,

I would befor it if they put everything that I paid hess Kennedy. Other then that I will take some of the cash and try to negotiate the best I can.

dfawaz,

I'm not going to push my luck. with 2 CC's forgiven,and not being in the program anymore, I'm very leary of any debt settlement program right now. I have 2 cards left to pay off, one being WaMu (uh!) and another being Juniper, both with small balances. I'm wondering if people will have a choise if they were still with Hess when it folded. I hope so. I'd like to see all my 2100.00 back with the claim, but I do not think it will happen in full.

Laurie P,

I understand your take on it. I gave over 9k to them I'm hoping for at least 6k. I won't hold my breath. One thing I thought is if this did go through a debt settlement company came into play and screwed me, I would go after the State of Florida for recommending it.

I, too am in the same boat. I sent my papers in to the receivership, but I just don't know what to do next. I've been getting calls and not answering. What really concerns me is that I have received 2 letters from collection attorneys, Frederick J. Hanna representing Chase, and Apothaker representing Discover. I have read some about DV letters, but really don't understand. Can anyone give some advise?

Welcome Pam V,

I understand your confusing. I was in the same boat as far as being confused. You have come to the right place. Everybody here is here to help. You can send them both DV letters. Basically you want them to prove they own your debt. You don't want to pay anybody anything and have someone come back and say you owe them. Check out the do it yourself tools for the dv letter. What you are doing is just asking for validation for your debt and not refusing to pay.

I am ready to do the DV letters, but I'm not sure if I should go along with the sample letter saying I was going through my credit report, or am I sending the DV letter in response to the letter they sent me. The letter I was sent states the company they are representing and the amt owed.

also the sample DV letter has space for account number?

Pam V,

Send it to the original creditor and to the company that is trying to collect. As far as the Account number you can put the CC number on that if you want. You can change up the DV letter to fit what you want to put. You can also google dv letter samples. I used one off google because it stated alot more and fitted my situation better.

Thanks for the info. I spent a lot of time today working on the letter. Not sure what I should do about an attorney letter that is over 30 days that I haven't responded to. Do you think I should send a DV to them?

Does any one know if Allegro law is tied up somehow in all this Hess/Kennedy receivership stuff?
I received an undated letter from Daniel J Stermer Esq stating that says he is the court appointed receiver for Hess Kennedy, and that 1 of 3 Capital One accounts I placed with Allegro Law was forgiven, but gives a 15 digit account # for the account (missing final digit, but matches the 1st 15 digits of one of my accounts) I never worked with Hess/Kennedy before, so I am little confused how this involves me, and if it is legitimate, what impact there was on my other capital one, HSBC, and WAMU accounts I had placed with Allegro.
I hear from Capital one on 1 account, and HSBC has referred me to Mann Bracken LLP. I have only been with Allegro about 7 months, but have already paid in over $2.1k, trying to keep other payments up.
Thanks,

Wing nut,

I'm not sure if that is part of it or not. I hope for you it is so your account is paid in full.

Best of luck

Thanks dfawaz.
On a call the other night with capital re: 1 of our other accounts with Allegro, they did confirm with me that this particular acount I received the letter on was forgiven due to the Hess/Kennedy suit and subsequent receivership. Daniel Stermer has yet to answer my calls or emails either one. I am glad to have 1 forgiven, but confused on how it happened, or if it may have impacted any of my other accounts, which were all being handled in the same manner. Will have to speak to Allegro Monday and ask some direct and pointed questions!

From what I can tell, Allegro Law is not affiliated with Hess Kennedy in any way. it sounds like Capital one forgave about 20,000 accounts, and 1 of them just happened to be mine, so 1 less to worry about for me! So far Allegro Law has been ok to work with, they are responsive once you get someone on the line, and seem to keep a record of all doc's I fax in, conversations, etc.

Wingnut,

What email address have you been emailing? I have been in contact with his office a couple of times. They have responded to all my emails and a repersenative named Kim has called me twice. I have missed both calls but she has left me a message both times and I did call her back.

Hi dfawaz,The email address was [email]HessReceiver@lbfmiami.com[/email] and was given on the letter they sent me. The phone # I have been using is 954-510-7840, which was also in the letter.
I will say I have gotten enough information and confirmation from other sources now where I know a lot more about what's going on, and I'm sure this particular account was actually forgiven. Unfortunately, Cap One is being extremely aggressive & pushy on the smallest of my 2 remaining accounts, and insisting they have not received the required info from Allegro law, even though they have on my other remaining account. They are threatening a charge off and subsequent lawsuit if I don't make some sort of payment very soon. I contacted Allegro again yesterday, and they are sending all documentation again, but Capital One says that will take too long, and I'll probably be sued before it happens. I am making my payments to Allegro, and hope this process works. If not, I'll take the BK route, but I've been trying to avoid it.
Thanks, and Happy Holidays!

Wing nut,

Best of luck to you buddy. I already have a CA coming after me. I DV them and have heard nothing in over a month.

Here is another email address :SKellogg@LBFMiami.com.

He is an agent helping with the receivership. He emailed me a couple of times.

Happy Holidays to you too!!

Allegro Law IS Hess Kennedy with a different name.

All,
Has anyone gotten the proverbial letter from HSBC yet forgiving debt?..I believe I am one of the lucky ones, but have not received any response from my emails, and have not received a "letter" yet from HSBC.

Forgiving debt? I imagine if that were to happen, your "proverbial letter" would be a 1099C

NASCAR Devil,

I received a letter from Capital One when my debt was forgiven because of Hess Kennedy, and expect to get one from HSBC as well..according to Lewis B. Freeman web site, letter was supposed to come in a week or 2 after posting.

Has anyone heard any new news on this?

I too have received a letter from Daniel J. Stermer with a 5 digit claim number which states that my proof of claim has been timely received, what happens next, and who to contact if i am moving. However the website they gave me does not seem to work and I can't find the site where i may be able to type my claim number in and find out a status.

Does anyone have a fax number for Mr. Stermer or the office handling the receivership?

It might be on the lbfmiami website.

Tom321, do you have any further info on that??
Inquiring minds want to know....
Thanks,