HSBC/Simms assoc
Date: Sun, 03/21/2010 - 21:31
I want to negoiate with them but I don't see this being a good outcome for me because I can't make $600 a month payments to satisfy. Any suggestions?
DO NOT give personal info even if they do validate....you would
DO NOT give personal info even if they do validate....you would pay on your terms by money order, do not give acces to bank accounts, nothing like that.
When was the last time a payment was made and what state are you in?
Yes, they could take you to court and eventually get a judgment against you, but they would have to prove their case first to win......As for what can be taken, that depends on what state you are in....some states don't allow your pay to be garnished, some states, it's 25% of your pay...it all depends,,,,if you have assets not exempt, they can be taken.
Did they send anything in writing to you yet? The first letter you het from them should have a 30 day dispute paragraph,,,,you have to dispute within that time.....once I know your status, I will put up a debt validation letter you can format to your needs to send to them.....send it certified mail return receipt requested.
Also DO NOT call them yet....wait till you answer my questions first and then proceed from there......also from what I hear, leases and auto loans fall under UCC laws and I think all states have a 4 year SOL on that.
I will be back tomorrow some time.
