What if they garnish your bank account and there is already a negative balance? Right now I had a negative balance and they show a transaction pending (garnishment) and since there is no money in that account and won't be now what do they do? I have no other bank account for them to take from.

I was wondering how they are to deal with? I have been avoiding them for some time and am in a better position now. Are they willing to settle for less than what I owe?

I had to close an account and let another go through the collection process. First Source contacted me with a letter stating the balance of the bank account. I called and they claimed that I must pay the full amount to be taken of the Chex System. I have completed a little over a $900 balance and I still have not recieved a letter of completion by any party or organization. It's the weekend at least 4 months later and I am concearned that I was scammed. I should have kept up with this but have not. What should I do for Monday?

I got discharged from a bankruptcy in May 2010, have been trying to apply for secure credit card to start building my credit again but keep getting turned down. Checked all 3 reports & seems complicated. Do you think using a “credit repair service” this early after bankruptcy will make any difference and will raise my scores? Thanks.

Is it better to send a collection agency a settlement agreement or ask them to send one to you on company letterhead?

I had a collection agency call me about a 10-year old payday loan in Ohio. Has the Statute of Limitations ran its course here? Any help would be appreciated. Thanks.

I filed Chapter 13....had 4 accounts with BOFA and one account with Citibank. Looking at my claims....the debts have all been transferred to different companies (E Cast, Candia, PRA). My question is, why would the original creditors sell to these other companies in a Chapter 13? I am making payments...so they would get the money....and if I defaulted on the plan...they can sue me for the full amount? Why would they sell? Also, if I did default on my 13, would would now have recourse...the original creditors or the people that have filed the claims?

My boyfriend has been divorced for over a year now.

What can I do to get NCO financial off my back? I made the mistake of letting my student loans go into default, and now I'm dealing with a debt-collection agency, and they will not work with me on a payment plan, and have lied to me about things they have said, and basically are giving me the run around. I owe about $16k, and I am wanting to pay back what I can, but I feel like I'm getting nowhere. I would like to work with someone else completely on paying back my loans but do not know what my options are.

I've read hundreds of posts here stating many of you have settled for 20-35% of your original CC debt. Does this work the same with a judgement on a CC? Thanks in advance for any answers!