kramer frank judgment

Hi sadez10,

File a complaint with the FTC and the BBB against the Credit Counseling program for incorrectly advising you and causing you this hardship.

Here is some info on Kramer & Frank. Hope it helps.

What account did they freeze? Your bank account?

chrys

Yes they froze the bank account. Today the freeze is supposed to be lifted. When I talked to them a month ago they said to call back and we can talk about a payment plan. Do I fax an offer, agree over the phone, what!? Can they keep charging me interest? The interest alone is barely what I can pay! I have moved out of state, can they freeze my new account in the new state? I've never been in this situation, need fast help!

I would say by letter. NEVER agree to a payment plan over the phone, always get an agreement in writing. So now that they have that bank info, I would say close it. They could only freeze it because you gave them the info. BUT, since they got a judgment, they can go for wage garnishment.

Hopefully some one with more knowledge about the procedure for filing a request to re-try the case will offer more thorough advice.

Yes, they will continue to charge you interest, likely compounded.

Definitely file against the Credit Counseling service as I said. In fact, I would sue them, you would likely win the damages caused by their gross neglect.

chrys

So should I fax them an offer? And do you think they will try to come after my bank accnt in the new state I live in?

You can certainly try. It's really hard to settle on a judgment, I'm sure it's possible, but I don't think it happens too often.

And I am sure they would try wage garnishment next.

It's possible that they might try to go after your new bank account, the judgment gives them a lot of power. I'd say try to have it re-tried.

chrys

Even if the account isnt in the same state they sued me in? And I really didnt mean a settlement offer, I guess what they said was a payment plan :)

What state are you in now, and what state is the judgment in?

In Indiana now, case is in Missouri

The freeze has been lifted off accnt and I have faxed 2 letters stating I'm willing to pay and what I can afford to pay on this debt. I have not heard anything. Should I call or send a certified letter? What can they do now besides take what I can give?

Were you in that state when the case was originally filed? If not, file a motion to dismiss the judgment due to improper service.

yes, i was in that state. I still have not heard anything back from them after faxing a letter to them for the second time. I'm wondering if I should just call, I really want to take care of this.

Yes, you should. Once they get a judgement, they will have the power to come chase the money down. At least you won't get broadsided. But always - when you make a payment arrangement - get some kind of verification of the terms in writing from them before you actually remit any finds. Let them know about the CC program that got you in this situation to begin with.

They (K&F) are awful and relentless. they will pursue, and they will file liens etc. if they haven't already with their judgement.

I'm needing some help with Kramer & Frank too please!

Here's my issue:
1) I agreed over phone to do a settlement. Told them I would remit funds in form of money order. The debt collector told me they would give me a letter stating the account was "Paid and Settled". I plan on doing this in person with them. (I'm not letting loose of the payment until the letter is reviewed and in my other hand.) Does this sound ok to do? I have read enough on them to NOT give a check or any personal banking info.

2). Am I still legally liable for the amount they are not going to accept? The account is a Capital one credit card and was "Charged Off" in 2006. Capital One will not talk to me. I did get a letter from Kramer & Frank and the collector I have spoken with on several occassions has been nice to work with.

Thanks for any advice!