Nelson Watson & FIA Card Services-wish me luck

did you validate? i worked with nelson watson for my capital one card. they were pretty nasty to me at first but i sent my debt validation letters and they changed their tune. i was able to settle in one lump sum but they did offer me monthly payments.

Can I ask how much was the balance and what was your payement vs the monthly payments they offered?

I didn't validate as I'm not trying to dispute that I owe. I'm just trying to settle and figured that would just tick them off more. Maybe if they don't accept my offer of 50% over 6 months I should send them a validate letter?

i still would validate. even if you owe, you do not know if they really own your debt. some companies dissapear after validating, nelson watson probably won't but i like to know that the company i am paying has legal rights to my debt. i didn't owe much, it was a $300 card, they said i owed $900 (funny!) but i settled for $600. i am pretty sure it is only legal to send a validation letter after 30 days of getting your first letter from them.. but i am sure someone with more knowledge could add to that part of it.
you will be okay.. as i said in another post, i validated it and they knew i was serious and acutally blocked my account so only higher ups could view it and speak with me. it really helped.

They bugged me with a few letters and never sued me, they just sold it off to a different company.


After an initial communication in writing, you have 30 days to dispute the debt. That is supposed to stop all legal action and collection. If you send the DV letter after the 30 day period they do not have to honor it and can sue.

They still have to validate the debt but they don't have to stop any other collection activity. If they sue they will still have to prove the validity of the debt.

FWIW...they accepted my 50% offer paid over 6 months. Maybe not the lowest I could have gotten if I would have held out, but being able to pay over 6 months is very helpful for me right now and one less account to worry about getting sued over. Since I've already been sued twice, I'm trying hard to get agreements worked out with my remaining creditors.

Arb, you can now expect the remainder to be sold to another JDB and the harassment will start over.

arb - if you get this arrangement in writing, you should be okay. just make sure you get everything in writing than when payments are done you get a settlement letter.

I did get it in writing. They were also responding to a letter I sent them offering to "settle in full" for a total amount of $6420 to be paid over the 6 months on certain dates I included. Their letter confirms the six payment on the dates I gave.

Guess if the remainder gets sold off I'll have to get a lawyer involved and see what they say.

i do not think they will sell off the remainder. i have settled with nelson watson for a lower amount and i was paid in full.

I just want to say that I am being sued right now by FIA and the lawyer is Anh Regent in Houston, TX. When they called, they wanted me to settle. He said I notice you just paid off your house so you could refinance it and pay this off. I said first of all, if you knew how to read a credit report, you would see we did a short sale on our home so I didn't make any money at all. I told them to contact my lawyer and if they continue to persue their suit, they will be in violation of the automatic stay.

guys do you have to be late to get them to settle?

Creditors don't have any reason to settle if you are current on your payments.?? So yes you have to stop making payments.

Ive been harassed day in day out over my balance due, I have a student card from Bank of America, they never told me they sent it to FIA, FIA got ahold of my checking account, tried to withdraw money to pay my card off a minimum of 6 days aweek. I'm unemployed, they only call, havent sent me any letters, and now tell me I'm refusing to pay. I send them what change I can scrounge up. What should I do?

Ive been harassed day in day out over my balance due, I have a student card from Bank of America, they never told me they sent it to FIA, FIA got ahold of my checking account, tried to withdraw money to pay my card off a minimum of 6 days aweek. I'm unemployed, they only call, havent sent me any letters, and now tell me I'm refusing to pay. I send them what change I can scrounge up. What should I do?

I'm assuming your bank account is also at BofA, and if so, I'm surprised they didn't go after the account sooner. There is likely a stipulation on your agreement that they can attach your account if you default on the card.

Did you try to see if they (BofA) had a hardship program when you first defaulted?

ANYbody delt with their UNABILITY/UNwilling to VERIFY DEBT??????????
personal info removed for your safety - Jason

Please be more specific, thanks!

I was pursued by Regent & Assoc. for a long time.They kept getting uglier and uglier. It was over a BofA card, or FIA. I talked to my attorney and he asked me if my bank acount was in BofA? I told him it was. He told me to get over to the bank and close the account. And, to open a new account at another bank. I drove as fast as I could to a BofA nearby. I closed the account.

Well, about 3 months later, I get a process server at the door and I am being sued by Regent & Asso. I called the attorney and he said to just put it on the desk and leave it. Not to bother sending it back. (He has dealt with Regent before and sent them back to their slimy hole in Houston.) I didn't send it back, I got a letter from the District Clerk in my county. Regent won the suit. Was told they could collect. But, there is one teensy weensy thing about Texas. Texas has exemptions that people can't touch to satisfy a judgement. Texas is a non-garnishment state, except for child support and student loans. So, they can't take my money, because it is money I get from disability. They can't take my house. They can't take my vehicle. They can't take my personal possessions, i.e. clothes grooming aids, medical equipment, etc. So, actually, there is nothing they can take! Unless they want to clean out the garage of everything and sell it. They might get about $75.00 for all of it.

I neglected to say that I had already started paperwork for a Chapter 7. It was started before Regent and Assoc. came around. Regent was sent a fax of notice to file bankruptcy and anything they do will be discharged. They chose to go with the suit. My Cahpter 7 will be filed next week.

I doubt they will show at the meeting of creditors since they know my attorney so well.