What Can I Do? Really Bummed Out!
You're going to have to deal with your creditors one by one. I understand your dilemma and wish there was something I could say that would take away your troubles, unfortunately all I can offer you is advice. Make sure you know your rights, if you have any specific questions please feel free to ask, there are a lot of knowledgeable people here.
As far as being threatened, what type of threats? What are the names of the collection agencies and original creditors, and have you received dunning letters from any of them? :)
Origanl crediter is GE. Amount is $417 that was charged off. This CA is Scott P Lowery Law Office, say I owe them $1151! I paid $350. I would have paid more, but I had a medical situation come up with my daughter. They told me, "we're tired of dealing with you!" With that, I refused to send them another dime! I closed ALL bank accts w/ my name! This friday, I am sending (cert. mail) a DV letter.
Things happen. Your family comes first, hands down. I totally understand your situation, having a similar situation myself. It is good that you want to take care of your debt, so just take a deep breath. Work on them one at a time, send DV demands and then work with those who actually did properly validate. At this points those threats are pretty empty since you don't work, they can't garnish. You closed your bank accounts, so they can't get that now either. You want to make the CAs go away real quick? When they hound you, tell them that you are on welfare and foodstamps and if they want to sue, go right ahead and do so..you own nothing so they will get nothing. I did that years ago (I was actually on state aid while I had severe medical problems). I also told them that I would likely rent for the rest of my life and landlords don't care how many judgements you have, just if you have any evictions so nothing they could threaten scared me in the least. Let me tell you, it really pissed them off.
So, you think I could get away with the medicaid stuff! Even if I am not!? One lady told me to tell the CA, "Molly is currently at a mental hospital being evaluated." I thought it amusing, but would never do it!
After I send the DV letter and NO response after 30 days...then what do I need do? I am more worried they will pull papers out of their butt to send me on the 30th day! Guess I'll have to get nasty and mean business!
Unless you live in Texas, and there are a few other states, there is no set time that they have to validate. You have 30 days to dispute the debt, but they can, and will take forever,not validate at all, or not fully validate.
What I have done, is, about 30-35 days after I sent the original DV letter, I sent a follow up letter. I included a copy of my original letter along with a not and another request for debt validation.
Be sure and send all correspondence certified, return recipt, and keep copies of everything.
Good Luck!..karen BTW--Use the search feature here, located just under the Chat Live link at the top of the page and you will see what others have done about them
Well you could simply tell them the truth, "I have no job, so you can't garnish, I own nothing of value for you to put a lein on and I hold no bank accounts for you to attach. That was what I originally said and most of the CAs got snippy and asked, "So what do you pay your bills with?" That is when I responded I was on state aid...but one time I did get pissed at this one CA so I told him I was mooching off my rich sugardaddy and I would rather have him buy me gifts then pay you, so ha ha you will never get anything from me....but I admit I was mad at that CA when I said that.
I am in Texas! I do have a mortg. only in my name. I am wondering if they, CA can attach a lien or judgement on me or my home? I plan on selling the place within a year or 2. I don't want something like that hanging over my head!
Texas has homesteading laws..look into it. Texas also has some nice debt collection laws...so send out a validation letter to them, demanding to know how they go from a total owed of $417 to $1151. If it states so in any contract, then you want a copy of the contract signed by you, you also want a complete accounting. By texas law they have to respond in 30 days or cease collecting. You can also include the written notice, stating that if they do not remove the unvalidated account from your credit reports, you will sue them....this gives them 60 days to either validate (which they technically have 30 days) or 30 more days to remove the account.
Friday, I will send my DV letter to CA. Wait 30 days..no letter from them on 30 days of them recieving my DV letter...send remove or else letter! Do they have to send anything with my signature proving I agreed to "their" terms?
Is there a DV that you recomend? If so, can you tell me where I can find it?!
Thank You all so much for being great help!!!
On my blog there is samples of letters specifically for texas laws in mind. You can go look and use it, just change the specifics around a little.
Make sure you reference Chap 392 of the Texas Finance Code in your DV's.
You can get a good debt validation letter from here - https://community.debtcc.com/letters/index.html
How much do you owe in total? Mortgage is a secured debt. If you don't take care of it, you might get evicted with your kids. Have you thought about refinancing or mortgage modification? Why aren't you considering online jobs?
Which state are you in?