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Kramer and associates

Date: Tue, 07/02/2013 - 13:58
Submitted by on Tue, 07/02/2013 - 13:58
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I have an online payday loan I defaulted on back in 2009 from payday one and it has been sent to collections.I never heard anything after ignoring the first collector on the account but It seems to have been passed on to a new collector. I received a voicemail and an email from Kramer and associates last night and they seem to be pretty aggressive.

I am self employed,live in a non community property state (which means they can't sue my husband for my debt) and my state allows up to $10000 in personal property exemptions including bank accounts so even with a judgement there is virtually no way they will get their hands on any of my money.

I have been to court before over a credit card (which I won) so I feel I know the ropes a bit in my state. Both times that I requested validation I got sued. When I ignore collectors I seem to end up having the account passed along to another collector when they get nowhere with me.Kramer and associate is a bit more ruthless though so Im a bit nervous. I don't want to go to court and have a judgement on my record even if they can't get any money so should i just ignore them to?

Responding seems to wake the giant and give them something to work with. In my last 2 cases it seems they only sued in an attempt to get me to make payment arrangements and at the last minute before it actually goes to court when I don't offer to pay on my own the case ends up dismissed. This is very stressful for me so ignoring them seems easier and less stressfull then giving in to their crazy threats.

Does anyone else have any thoughts on this or experience with Kramer and associates?


Im in TN. The one time I went to court it said on the summons that TN allows up to $10000 in personal property exemptions including bank accounts. I asked the county clerk what that meant and she told me as long as I listed my bank account number on an exemption list and filed it with the court after my court date and keep less than $10000 in it they (creditor) can not touch it even with a judgement.


Submitted by on Tue, 07/02/2013 - 15:40

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TN Code (26-2-102.) states " Personal property which may be exempt from execution, seizure or attachment may include any items of his owned and possessed personal property, including money and funds on deposit with a bank or other financial institution, up to the aggregate value of ten thousand dollars ($10,000)."


Submitted by on Tue, 07/02/2013 - 15:52

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26-2-103. Personal property selectively exempt from seizure.








Personal property to the aggregate value of four thousand dollars ($4,000) debtor's equity interest shall be exempt from execution, seizure or attachment in the hands or possession of any person who is a bona fide citizen permanently residing in Tennessee, and such person shall be entitled to this exemption without regard to the debtor's vocation or pursuit or to the ownership of the debtor's abode. Such person may select for exemption the items of the owned and possessed personal property, including money and funds on deposit with a bank or other financial institution, up to the aggregate value of four thousand dollars ($4,000) debtor's equity interest.



Submitted by SOAPLADY on Tue, 07/02/2013 - 16:01

SOAPLADY

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On July 1st 2010 Tennessee legislature increased that amount to $10000. I still have the civil warrant I was served that states this clearly on it.It's great news for Tennesseans.


Submitted by on Tue, 07/02/2013 - 17:05

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