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Collection & threat of judgement

Date: Thu, 02/17/2011 - 08:17

Submitted by anonymous
on Thu, 02/17/2011 - 08:17

Posts: 202330 Credits: [Donate]

Total Replies: 2


card with Firtst Equity, serviced by bank card services and the Genesis Financial and now a Phillips & Cohen & Assocs is calling telling me they out source for the bank and want the settlement in no less than forty five days or they will send it to an attorney, I am trying to get at least 90 days and they wont budge, do I wait for the suit and handle it then!


As far as I can understand, your creditor has sold off your account to the collection agency. You should contact the collection agency and ask them to validate the debt in order to find out whether or not they really own your debt. Once they validate the debt, then you should think of settling the debts with them.


lrhall41

Submitted by Anna Sweeting on Thu, 02/17/2011 - 22:02

( Posts: 1827 | Credits: )


Hi!
Welcome to the forums!
Send them a cease and desist letter to the collection agency if they are not able to prove that you owe money to them. However, if they are able to validate the debt, then I don't think it will be a good idea to wait for the summons. You should try to settle the debts or work out an alternative payment plan with them before that. Another thing I would like to add is, the collection agencies are forbidden from making any kinds of threats by federal laws. So, you can very well take legal action against them.


lrhall41

Submitted by Good Nelly on Fri, 02/18/2011 - 01:47

( Posts: 2846 | Credits: )