Advice on Money Owed on an Old Lease Agreement

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Arya

Joined: 19 Aug 2009
Arya's page
Posts: 46

1190 Magic Points

Subject: Advice on Money Owed on an Old Lease Agreement

Fri Nov 13, 2009 1:57 pm

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debranewell2008

Joined: 10 Oct 2009
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Posts: 594

99 Magic Points

Sat Nov 14, 2009 12:04 am

You need to take the letter the original creditor gave you and send a copy of it to who ever is stating that you owe this money. And ask them to remove the incorrect listing from your report. Only the creditor that added it to your report can remove it. Tell them that it was falsely reported and if they don't remove it call the Federal Trades Commission. They can advise you on what you can do. When you send the letter to them along with your proof. Make sure to send it certified with receipt as proof they got it.

Margaret

Joined: 13 Nov 2009
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Posts: 78

-146 Magic Points

Sun Nov 15, 2009 2:04 pm

As you have not sufficient asset to repay debtand collector has filed a lawsuit against you, so i will advice you to consult with a bankruptcy attorney to determine whether or not your filing for bankruptcy protection will help you resolve this debt.

You want legal advice with experience person who can help you for legal advice in proper direction. But as per my knowledge once a creditor had filed a lawsuit against a debtor, the creditor generally becomes less willing to negotiate with the debtor, which is why bankruptcy, which would force your creditor to stop its collection activity, may be a good choice for you. As I said before, I am not a bankruptcy attorney, and I do not know all of the details of your financial situation, so I am not in a position to tell you whether or not you should file bankruptcy. However, I can discuss some common issues that may help you decide if bankruptcy is the right option for you.

Margaret

Joined: 13 Nov 2009
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Posts: 78

-146 Magic Points

Sun Nov 15, 2009 2:09 pm

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