Debt Collection Notification
Date: Tue, 08/04/2009 - 05:26
This started about one year ago. I had a debt for aprox $15,000 which was turned over to collections (Arrow Financial Services) after I agreed to settle this account for $4,000 with Bank of America. Bank of America didn't take the $4,000 out of my account on the day they said they would and then turned it over to collections the next day. I received a letter from a collection agency and was scared and tried to resolve it with them with $400 payments monthly. I paid them $2,500 initially and $2,000 over the next 8 months. I then was not able to pay them anymore.
This is an unsecure debt.
Yesterday I received a letter in the mail from Nelson, Watson and Associates saying they want all the money $10,454 in the next 30 days. I am not able to pay this and am looking for information on what I can or should do to resolve this so I don't get sued for the remaining money.
Since it is an unsecured debt I don't think they can go after personal property to pay it back. Any advice is appreciated. Thanks
Unsecured debt can sill result in a judgment against you via the
Unsecured debt can sill result in a judgment against you via the courts which can result in property liens, wage garnishment and bank seizure. So being unsecured really doesnt mean much...they can basically secure it thru the courts.
Send them a DV letter by certified mail, they have to stop all c
Send them a DV letter by certified mail, they have to stop all collection efforts until the debt is verified!
What is a DV letter? Is it the validation letter or verification
What is a DV letter? Is it the validation letter or verification letter? I know that this is a debt that I owe.
reply
debt validation.make them prove they have legal right to collect and demand what they are demanding.
What should I do if they validate it? How long does it normally
What should I do if they validate it? How long does it normally take for them to get back to me about it?
payday loan collections
i have a old internet payday loan from '07 i made 3 $125 pymts
on it,cut hours at job so i could pay the rest back,now they want to garnish my wages.can they due that? i live in ohio
Don't let Collection Agencies scare you. If you file taxes as He
Don't let Collection Agencies scare you. If you file taxes as Head of Household, in many States your garnishproof !
Check the laws in your State.
Garnishment
Don't let Collection Agencies scare you. If you file taxes as Head of Household, in many States your garnishproof !
Check the laws in your State.