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Johndoe234
Joined: 12 Dec 2009
Johndoe234's page
Posts: 7
146 Magic Points
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Subject: Need advice
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Sat Dec 12, 2009 11:42 am
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What’s the best way to deal with a collection agency when you don’t have the money to pay them? Also, is there a limit to how many items I can dispute on my credit report? Can someone answer my questions.
PUERTO VALLARTA and RIVIERA
NAYARIT REAL ESTATE |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3927
10 Magic Points
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Sat Dec 12, 2009 1:52 pm
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The first thing you need to find out is how old is the debt, if it is past the statute of limitations then you don't have to deal with it at all, you need to check that out first, you can leave your state of residence here and someone will check it out for you and leave the information here for you when you return.
Have you tried working out an acceptable payment arrangement with them if it is in that statute of limitations that I mentioned above? |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: CA
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Sat Dec 12, 2009 3:09 pm
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| I saw this post and just didn't know how to answer it..LOL GN is right about the SOL. If the SOL is 'expired' and you try to make some kind of arrangement AFTER it is 'expired' then you would be 're-aging' the debt.which means the SOL starts all over again. So..yes..it's important you find out what it is in the state in which you live. |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4285
127 Magic Points
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Sun Dec 13, 2009 1:57 am
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| I would like to say to ignore them if it is past the SOl but soem of these companies will go as far as suing you even if they know the debt is past SOL. They will try this to get you to pay. I dealt with this recently. Here is what I did(with good advice from someone here). I sent them a debt validation and also called them and told them the debt they were trying to collect was past the sol.They still had a ton to say but after I told them this I quit picking up the phone. They know where to reach me and I still have the SOL on my side. Be sure you check your especially if it is a debt collector and not the original lender. |
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goodnatured
Joined: 03 Nov 2007
goodnatured's page
Posts: 3927
10 Magic Points
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Sun Dec 13, 2009 4:36 am
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| If they do sue and it is past the statute of limitations and you can bet it thrown out on those grounds. |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889
1356 Magic Points
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Subject: debts
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Sun Dec 13, 2009 11:57 am
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| Well...that's does clear up a few things!! Thanks, ya'll!! I wasn't sure if a CA can STILL try to sue, even after the SOL is expired. I;ve never been sued by any CA. What is the best 'effective' method: telling them that over the phone or sending a letter? I know when you talk to these CA's, on the phone, they usually record what you say. |
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Sally Nachelle
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Subject: Need advice
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Fri Jun 03, 2011 5:24 am
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The best way to deal with a collection agency is to negotiate with them for a better repayment plan. Following link may help you in this regard:
creditcards.com/credit-card-news/help/11-tips-dealing-with-debt-collec tion-collectors-6000.php
No, there is no such limit on the items you can dispute at a time. You can dispute all the item, which you find inaccurate. |
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investment properties loa
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Subject: investment properties loans
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Tue Jul 05, 2011 8:30 am
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Hello,
In a world that is increasingly reliant on plastic, credit cards are used for everything from groceries to bills and that little purchase over the internet.
ryanhomeloans.com.au |
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