is equity line of credit become unsecure debt after short sale the house and count as 3yr. on statue of limitation on virgina or still count as secure loan which is open with contract account which SOL is 5yr. in virginia? how low can we settle the debt?

Hello, I recently missed a bunch of payments on my private student loan and now when I contact my original loan provider, they said that my account has been "purchased by a 3rd party". They refuse to give tell me the name of the 3rd party or any contact info. I may be in default, and I want to resolve the issue, but I can't seem to track down my loan. My original loan maker has also stopped calling me, but the supposed 3rd party has not called me either. Unfortunately, I recently changed my phone number so I dont know if any one has contacted my old number.

Being sued .they have the account number right.The name of the credit card is wrong.What do i need to do about this?Can i still say this is not my account?

My previous post was deleted, so I will try this again. I have a charge off with Capital One in the amount of $486. This was left over from a total loss of a vehicle where the date of the CO was May of 2008. Recently I looked over my credit report and found several reports for the same debt. One says I owe the $486 while another listing has about 1/2 of that amount (the principal I am guessing) but it shows up as 2 separate debts. Then there is Portfolio Recovery Associates and their bad mark on my credit.

I went through a divorce in 2009. I was forced to leave my job in Mississippi and move back to Tennessee. I was left with all my credit card debt. I had contacted the credit card companies and told them my circumstance. Shortly after returning to Tennessee I became ill. I applied for Social Security Disability and was awarded my Disability. I was delivered a summons to appear in court for the balance of one my credit cards through Midland Funding LLC. I am living on my Disability of $784 monthly. What is my recourse with this company. I tried to call them and the number is not working. Help!

I just recieved a letter from civil courts for a lawsuit of a vehicle that was repo many years ago is this legal? Can I file a letter denying any accusations?

I fell into the online payday loan hole , how do I get out ?

Many collection agencies will illegally lie to you to try to scare you into a payment because that agent gets a commission off of whatever they can get from you today! Never let them make you panic. One told my wife that they would put her in jail and garish her wages and she gave them a check over the phone. First of all, a collection agent, not even an attorney can put you in jail, only someone arrested for a CRIMINAL act (debts are civil) or a judge can put you in jail. And if you are in jail, what wages are their to garnish.

i own small company in ny and am being sued. if i don't win in court then i will be broke. can i file for bankruptcy to protect my future and my life savings

In 2003, I had a $5,000 Bank One private student loan. Bank One dissolved into Chase Bank & then my loan went from Chase to what was listed on my credit report as National Collegiate Trust. Yesterday, 5/18/2011, I was served a lawsuit by a debt collection agency claiming to represent National Collegiate Trust. However, it has been 8 years and there has been no activity on the account. My credit report reads account close-charged-off. I don't understand why I am being sued 8 years later when all of my federally backed student loans are in consolidation?