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Debt Collector

I’m Divorced, Disabled, and Being Chased for an Old Car Loan. – Angelica

angry caller

“Dear Steve, Over ten years ago maybe more I got divorced, lost my job and was pretty much homeless then my car was repossessed and want I found out is that Collection agencies have been reselling my loan keeping it for about 30 days then reselling it again I was told that is illegal they call then a month or ... Read More »

CACH and Velocity Investments Lists a Debt on My Credit Report But They Can’t Verify It. – Wayne

Salesman

“Dear Steve, We have had some written off debts in the past. Some were picked up by third party debt collectors and some we settled either by paying them off or through attorneys for the companies we owed debt to. Recently (a few months ago) I decide to pull a credit report. There is an account listed from a third ... Read More »

I’m Getting Ready to be a Nurse in Wyoming But Got a Big Collection Notice I Can’t Pay. – Kristie

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“Dear Steve, Hi my name is kristie I got a collections paper in the mail todayfor $3800. I’m a new mother and just finished my can schooling and took my state boards and now am waiting to be added to the wyoming state boards of nursing registry so I ca find a job at a hospital. I work a minimum ... Read More »

This Company Said They Can Settle My Debt For Me. – David

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“Dear Steve, Due to divorce, I had a foreclosed mortgage 2 years ago. Was going through a short sale for about a year before the foreclosure. Was relieved on the first. After about 5 months during the short sale process the second lender turned it over to the PMI company. They have sent me letters for about a year. Now ... Read More »

Can a Debt Collector Change the Default Date on My Account to Report It On My Credit Report? – Elizabeth

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“Dear Steve, Got into financial trouble with ex-husband 12 years ago. Some joint accounts were not closed prior to divorce and as a result did not get paid. I am receiving collection notices for accounts that have fallen off my credit report and over 10 years old. Can these “new” collection people report this on my credit report? If any ... Read More »

Most Lawsuits for Credit Card Debt Are Flawed and Defective. Fight Back And You Could Win.

standup

Thanks to Jessica Silver-Greenberg from the New York Times we get a great look inside the credit card lawsuits that are rolling out today, and they reek. Judges interviewed for the piece say that if consumers actually appeared in court, they might actually win many of these suits because the debt buyers suing can’t actually prove the debt is valid. ... Read More »

FBCS Sent Me a Printout On My Account and Says It’s Verified

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“Dear Steve, I have a charge off credit card account on my credit from 3 years ago. It then went to a collector in which I disputed the debt against, but had no luck of getting it deleted from my credit. Now I got a letter from FBCS stating they were authorized by the previous debt collector to accept a ... Read More »

Machol & Johannes is Calling to Collect on a Capital One Debt. – Cheryl

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“Dear Steve, Got behind on CC, due to a home base business and tried to make payment plans and they were withdrawing till end of March, got calls from them and life happened and was unable to return calls. June 9,2012–went to ‘different dept.” have a Capital one Credit Card that was recently charged-off. Amount around $16,500. Called them and ... Read More »

Zwicker and Associates is a Pain to Work With. – Tommy

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“Dear Steve, As with most of the folks I’ve seen on multiple sites, I’m dealing with Zwicker and Associates. The feedback is VERY contradicting, some saying they are not a true law firm and can be ignored. I chose the opposite route and am paying them monthly, however, I am very skeptical that my money is even bringing the ‘balance’ ... Read More »

The Creditor Could Not Validate My Debt and Dropped The Suit. Will They Sue Again? – Beth

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“Dear Steve, I was married for 17 years and we always had awful credit scores/debts. I basically “robbed Peter to pay Paul.” I got divorced in 2002, left with just what I could haul. Continuing my survival strategy, I used my credit cards (none with more than $2000 limit) to purchase necessities. I fell into the old paying-the-minimum-but-the-late-fees-put-me-over-my-limit, which in ... Read More »

Zwicker & Associates Wants Me to Pay More Than I Can Afford

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“Dear Steve, I got in over my head in debt. Of course, that is why I am writing you. So, about two years ago I was on a debt management plan, with Incharge debt solutions. I had to drop out after paying off one credit card and paying down a bunch more. Than about six months later I reapplied and ... Read More »

Can a Creditor Sell My Debt They Can’t Validate?

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“Dear Steve, Last month I received a letter from a 3rd party collector saying I owed $786.00 on a cell phone account. So I practiced my rights and sent them a letter requesting full validation of the debt. It has been almost 40 days and I never received any letter or documents back showing they owned the debt, could collect ... Read More »

Can I Send a Token Amount to the Debt Collector And Stop Them?

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“Dear Steve, I was recently laid off. At the time I was halfway finished with paying off a $6,000 collection loan. I am allowing them to wthdraw $250 bi-monthly from my checking acct. at this point w/ my unemployment I no longer have that amount available. Should I close my acct? Is there a legal minimum amount I can pay ... Read More »

If I Settle My Debt With a Collection Agency Can They Sell That Debt? – Tom

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“Dear Steve, Medical problems starting in 2006 which made me unable to work. I am finaly getting compensation, not big money. I want to offer 50% settlement to collection agencies. I’v heard that collection agencies agree to settle then sell the balance to another collection agency. Is there a letter or form that would legaly keep the collection agency from ... Read More »

My Daughter is Not Working and Bank of America is Suing Her. – Abraham

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“Dear Steve, This is about my daughter she is a student she is not working she owes $4500.00 to Bank of america so i got court date from glaser &glaser so i have to take care of my self they ask for $ 4899.26 Thanks Abraham” Don’t miss our free Get Out of Debt – “How To” Guide Series on ... Read More »

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