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Background: When I was younger, my mother signed up for several credit cards in my name. I received my first collections call in November of '07 (Collect America). In order to forgo the whole sending my mother to jail option, I figured I'd be better off fighting this, at least until the SOL runs out; but I'd obviously prefer to deal with this sooner. They failed to provide validation and instead sold the debt to another JDB. I sent another DV to the new buyer and again they failed to provide validation.

Just came across this forum and found a lot of useful tips here about settling your debt on your own instead of going through one of those companies that do it for you. Like a lot of people i'm in over my head in credit card bills and I just can't make the payments anymore. What's the best way to go around and settle my debt with my creditors. I've called 2 of my credit card companies and all of them want to set me up on a hardship program. Is the better then settling? My credit cards are: MBNA $16,500 last payment of $380 was on Sept. 8 RBS $15,300 next payment of $360 is due on Oct.

Has anyone tried settling out of court when sued by a creditor? I'd like to offer a settlement amount but am not sure what to say in my letter. Looking for any advice

I owe $5000 on a credit card which was sent to a creditor who is trying to collect. The only communication i had with them was brief but abrupt they simply said "the law firm assigned to this account is aggressive and they will try to seize your car or other valuable assets including putting a lien on your house." that came after i let them know i wouldn't be able to set up payment arrangements for 1-2 months. Ford Credit holds my car loan First Horizon holds my house loan Can they touch either of these? What can they do...garnish my paychecks? Touch my bank account? If so to what extent?

Can anyone shed any light onto this matter for me? What should an ACH revocation letter say? Just that I am refusing to authorize a debit? Also do I need to send them an wage assignment revocation letter? What is the difference or do I just send both right away. All my PDL's are still just debiting my checking account and nothing else... yet... I am a little confused as to what I should do and send. Please help if anyone has any great adivce. Thank you!

Sorry for posting again! I forgot to mention that my husband and I signed papers for a Home Saver Program. Countrywide says they are not aware of this program even though the offer came on their letterhead. We were told it was from Fannie Mae but I can't find any information on it. Stupid me, can't find anything in my files either....I am thinking it may have been part of the papers destroyed when a storm flooded my basement. UGH. I can find the cover letter but not a copy of what we signed.

My house loan is currently with Countrywide. I need a loan remod. So far they seem eager to please though no details have been given. I asked general questions and I am in the process of getting all the info they requested and will give them a call later today. I heard from a guy at US Foreclosure Relief that Countrywide is offering a Fresh Start program. Countrywide will set aside past due and do a new loan of some sort. Now, I hesitate to go along with this since the company has a poor rating with the BBB and I can just go to Countrywide directly.

Reader's Digest wants to know... Has a "debt collector" from "US National Bank" called you up and tried to railroad you into repaying an online payday loan you payed off years ago? Have they harassed you at work, threatened you will jail time, said they're sending the sheriff after you, or used other illegal and intimidating tactics? I'm Ben Popken, editor of Consumerist.com, and am working on an article about scams for Reader's Digest. Email your story to [email]ben@consumerist.com[/email] with "USNB Scam" in the subject line. My deadline is very short, this Friday, October 17th, 2008.

Can someone please help me out a little bit. I need to know what kind of letter I am supposed to send to my companies so they will not contact me any other way other than through mail? I also would like to know what letter I send (and what am I supposed to say) to stop all the ACH payments so I can close my account and try and get a grip back on my life? If anyone has this info or an example of a letter please let me know I would deeply appreciate it! Thank you! If it matters I live in Minnesota...

i recieved a marshal notice of execution it says from captionl one bank which was hand written for 1880.60 but at the bottom on the marchal notice i have to make a payment to a marshal's name ronald moses not a company is that possible/legal that account when into collection 5 yrs ago what can i do