Ok, more updates of my debt repair...

Did you check the SOL of those unknown accounts that took place some time back?

The SOL will be renewed after you have paid towards an account that is past the statutes. Make sure that you have reviewed it before your payments are transferred to the debt account.

The SOL in WI is 6 years. The SOL in my case has not expired. After trying to contest it, I realized what it was and am trying to make good and honest on the bill I owe. An old medical bill which my insurance carrier at the time did not cover.

Make sure that the consolidation company takes the payment receipts from your creditors. These receipts can only prove that you have successfully made payments towards your debt account.

It will also be better to get a statement from your lenders mentioning that your credit report will be updated after the account is paid in full. I am assuming that the consultant might have got this written statement but you can confirm with them. Let us know the outcome.

Will do John, thanks!

All I wish to add here is that you should be dedicated in making the payments. The date of last activity will get renewed every time you pay the debt. Thus, your statute is also getting extended including the collection period. Be regular in your monthly payments so that you don't undergo any such embarrassing situations.

I can assure you this won't be an issue. I am not about to suffer any further embarassment. I have worked with a DC company before and the payments were automatically deducted from my account so there were no problems there.

As of 1-10-06, no further calls from creditors or any attempts to post the checks through my account (that were stopped). I will be making my second payment to T&C next Thursday. So far, so good.

That's great news :-)

Now you can breathe easier and know when you answer the phone a collection agency isn't on the other end. :)

That is so nice to know too! :)

Hmm, well..yesterday I got a "final notice" to collect a debt from one of the PD loan companies. This is after my debt condolidation company has set up an agreement with me. Why would they still be doing this?

I was told by Brooke at T&C that it takes 3 payments to the creditor before they will cease all efforts. Once you've made your third payment, it will show the creditors that you are serious about paying your debt.

oK, thanks for the info!

Third payment has been made.....woo hoo! I am feeling so much better now! :shock:

Congrats, skrying :D

BTW, are you monitoring your bank accounts and receiving the monthly statements from your consolidation company. Just want to make sure that your money is going towards the right direction.

Yes I am...definitely gotta keep an eye on that! :)

Hi everyone! I thought I would just check in to let everyone know that the debt management is going good. No real issues at this time. T&C is doing a real good job for me.

I have just WU my fee to T & C - They will get it on Monday. When do they send the letters out? Will I have one counselor with T & C once the letters go out? I can't wait to get going on the consolidation of my payday loans and other creditors. Does T & C do automatic withdrawals?

oh2

I just pm'd you some more info. Hang in there :)