Cannot Pay letter

Date: Sun, 09/14/2008 - 18:56

Submitted by anonymous
on Sun, 09/14/2008 - 18:56

Posts: 202330 Credits: [Donate]

Total Replies: 3

I'm $5000 in debt on a cc and in a position where I simply cannot pay a dime of it. I'm on SS and Disability to the tune of $1200 a month and depend on every cent of it. If I write a letter to the collection Agancey that 's trying to collect the 5000 about my situation is it their common practice to sue regardless? Thank You

I think if you're unable to pay a single dime then call your cre

I think if you're unable to pay a single dime then call your creditor first and tell them that you're unable to payoff your debt because of the said reasons. If they refuse to hear you and directs you to the collection agency then only call them and explain your situation and your inability to payoff a single dime. Also tell them that you don't want them to call you or any of your relatives or friends.

lrhall41

Submitted by phoenix on Sun, 09/14/2008 - 20:29

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If you are on a fixed income and you have limited assets then th

If you are on a fixed income and you have limited assets then they will have a very difficult time collecting even if they do sue. I would probably send a letter telling them that with a cease and desist letter attached to insure they don't call.

lrhall41

Submitted by DOLLARSandSINCE on Mon, 09/15/2008 - 06:23

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My dad's girlfriend had a bunch of bill's when she became disabl

My dad's girlfriend had a bunch of bill's when she became disabled and she had someone write a forgiveness of debt letter to the companies telling them she was now perm. disabled and was unable to pay. She also sent along proof of the disability and I want to say about 2/3 of them were forgiven. Mainly because the company knew they wouldn't have been able to collect on them anyway.

lrhall41

Submitted by puddlejmpr on Mon, 09/15/2008 - 06:48

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