Got a letter from a debt collection agency, answered the summons, showed up in court on the day of the bench trial, when my name was called, answered, they never showed up. Case & any law counterclaims were discontinued without prejudiced & without costs to either side. What does this mean, & why didn't they show up especially after all the threatening letters about suing me.
I will be calling the collection agency in a few days, I am preparing and doing my homework. Here is what I have so far.
Background: Owned an investment house, foreclosed in a recourse state.
1st lien took house, second lien sold their note to a debt collection agency.
I owe approximately 90k.
Agency has had the note since Jun and has made no attempt to reach out to me.
I have sent them letters stating I would like to settle for an amount but haven't heard back.
I called earlier and they are ready to negotiate when I am.
The back-story
I was laid off permanently in April 2009 & live in an area where the job market is pretty scarce. [800 applicants for a minimum wage sonic position :roll: ] I have been searching for a new position since I was laid off; with no luck due to better applicants with degrees. Honestly, I want 2 Full-time jobs...but I have to find the first one before I can get 2!!
I'm 78, divorced, self employed with a credit card debt of $25,000. The only verified income that I have is my social security of less than a thousand a month. Business has been poor so no reason to continue my business. Home valued at $178K, balance is $266K.
I don't have any assets. What reason do I have to file BK. I'm probably not going to live long enough so what do you suggest I do. Ignore all creditors, keep only cash on hand, close out my business and just ignore phone calls from creditors?
Hello, I got a big problem, My 2005 altima was up for repo since june 08, they have made several attempts at my sister's house to get that car, but I don't live there, I had a car accident on 10/06/2009, I sustained a brain injury and just found out today that the car was totaled by the other person insurance Co. They want the car removed today and bring it to a salvaged lot. the cars value is approx. 9,000.
I owe over 16,000. with finance fees, legal stuff and what ever they decide to charge.
any ideas?
i have quite a bit of debt from an unsecured personal loanand student loans i took out and was wondering that if i consolidated them if that would hurt my credit score?
As POA for a sibling now in assisted living and on Medicaid, I am seeking the best way to notify sibling's creditors informing them of his inability as of this date to pay his bills. Will appreciate any suggestions. Thanks in advance.
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