National Enterprise Systems: How to deal with this debt collector

This company would probably call the president because they do not check the information they have. They only work normal working hours, but call 7 days a week including holidays with there automated system. Anybody who uses this company should think twice before they find a lawsuit at their door.

Got my first call from them today. Caught me off guard. Plan to be better prepared next time. They did threaten to move forward with legal procedings. They were telling me all the different way I had the ability to pay, yeah right. Next time I plan to record the conversation and will tell them I am doing so.

It's easy to say, "hey you bought it, you pay for it", but sometimes the creditors make it hard to ever get out from a big balance. Case in point, say you owe $10,000 at 8%, and you're making payments of $250 per month. You're paying some principal and interest. Say you're late one day on a payment, now your rate can be 31.99%, meaning the interest alone each month is now nearly $300, and your minimum payment is going to be considerably more than that. If you can't afford that, then the account will accrue additional late fees, your available credit will be reduced, so with each late or missed payment, you will also be charged an over the limit fee. This can take your true APR to around 40%--all totally legal for the National Banks to do. Usury laws do not apply. If you don't like the terms, all you can do is pay the debt off in whole, otherwise you can spend many years paying $500 a month or more to pay down a $10,000 balance. Think of it, afte 20 payments of $500, you will have completely paid off the principal, so if you still owe, say $7000, then from there on you're just paying interest on interest, and the bank has you. This is why credit card reform is so necessary, to prevent the banks from continuing to employ such predatory lending practices.

Actually, it's why people should get smart enough not to take credit cards in the first place. Before runaway credit offerings, department stores, for large purchases, had something called - remember this concept? - the LAYAWAY PLAN? But no - not good enough, people want it NOW, they don't want to wait and pay on it at a low (to virtually no) interest! Oh no!

One cannot lend to one who will not borrow...

Somehow this company got my phone number and calls me everyday trying to collect a debt from someone else. I tried to call them back and they just hung up on me. Anything that I can do to get them to stop harassing me for another persons debt?

NES left a message on my voicemail. The idiots were calling the wrong number and left personal information about the person they were trying to reach on my voicemail. It was actually for my neighbor. Not sure how in the heck they got my number for my neighbor. our phone numbers are nothing alike nor our names. we just live on the same street. they stated who they were (caller name and that they were from NES corporate office), the persons name and date of birth (my neighbor) and that they were retained to "reprimand" her by the County (I wont name the county we live in here). If she wished to not be reprimanded, she needed to give them a return call.
What idiots leave a message on a voicemail as I do not put my name or number on my voice message as I am single. And I did call back and leave them a message and told them they had called the wrong person/number. they were rather rude.

I have received nothing in writing from this company just a phone call with a threat of attaching my bank account . They also offered to lower the amount and wanted a $ 10,000 payment today. They really are very RUDE. They all said that they were going to sue me in Civil Court. Can they do that ?

Help ! Help !

National Enterprise is threatingto attach my bank accounts. Can they just do that with out giving me notice. I have nothing in writing from them. Please reply.
Thanks

I'm a college students who isn't working just going to school. I get a phone call all times of days and nights from National Enterprise Systems. They call from numbers such as 1555-555-5555 or some other non realistic number. They have left many nasty messages such as "If you don't call us back we will own everything you have." Or We're taking legal action. I'm scared because I'm young I don't know how to speak with collectors and or make negotiations especially if I'm not working. What Should I do?

These people are rotten...
See:
Their BBB report - 860 complaints!
"http://www.bbb.org/cl eveland/business-reviews/collection-agencies/nation..."

National Enterprise Systems is threatening to sue me - What to do?

166 Lawsuits filed against them (39 so far this year) for FDCPA violations.