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My question is: Are collection agencies and debt buyers included in the above groups who are allowed to issue a 1099c form? Also what is their deadline for issuing the 1099c? Do they have to prove the debt belongs to debtor?

Hi All: New member just wanting to say hi :-)

I recently received a call from a woman at Electronique Electronic Payments & Collections. She states that in 2000 I bounced a check and they are willing to settle for an amount larger than the original check. I am still working on getting this verified with my bank. I only keep check records for five years. She is only willing to send me a copy of the check by fax, I don't have a fax machine and would rather not receive it at work.

i have a problem with a deb agency, they keep telling that if dont pay them, they will increse my fees to 5000 dollars whe i just owed them 1200, they also keep telling me that iam suppose to pay for the fees of the lawyer. is that true what the are sayig? i am worry...i also have another question ,when they summon you , do they have to give the summon in person toyou or it is ok for them to give it to one of yourfamily embers.

Hello all, after lurking around and seeing all the helpful advice I decided "jump in the pool". I have an auto loan with Citifinancial, signed the contract on 11/26/07. When I received my first online statement in Jan/08 I noticed that my payment was $10 more than what was stated on my contract. I phoned in to the company (1/08), they pulled the paperwork and agreed that there was a problem and they would have somebody look into it. 60 days later no changes, made another phone about it. Got the same answer......

I am new here and I am very overwhelmed right now. The short story is that I contacted National Enterprise Systems (I called Bank of America first - the account had been sold to NES 3 days prior). I wanted to start paying on the B.O.A account so I called - of course it was pay up right now or lawsuit. Well, I couldn't do that, but I wanted to make payments. Now it is a week later and I've been talking every day to NES, and I can't come up with their settlement offer.

Has anyone had luck settling with Macys or Bloomingdales or Nordstrom? I'm 90-120 days late on all and they are denying all settlement offers and only offering repayment plans.

So I received a letter from Capital One stating that they have set up a court date in the local city which is not where I reside for Jan of 2009 and unless I make payment arrangements by December they will sue me. First I was wondering how they can have set up a court date to sue me without me getting a summons? Second what would be my best course of action. This is directly Cap One so a validation letter won't help. I was thinking about offering them 10 bucks a month since I heard they can not decline. Is that true? I really don't have the money to pay them.

Sent a debt validation letter to these guys after speaking with an incredibly hostile woman and decided I would only contact them via writing. What they sent me back was a copy of the judgment entered against me in a court in Erie County, NY dated March of 2006 and the plaintiff is listed as Chase Bank USA. The total amount on the judgment is 4,523.15, but the total amount asked for by these guys is 4,604.57. Is this enough to validate if I asked for more? I asked them to provide a copy of the original contract that I had with the creditor.

Is Geneva Roth, Loanpoint and whoever else they go under, licensed in Illinois? Also, if anyone has settled with them, how did you manage this? These people are difficult.