About 6 years ago my x fiancee and i got a credit card togeather. we had a balance of 5 grand on there most of it was from her charges. She left me and i did not have anything at all. I could not pay it i did not have the income this was 5 years ago. no calls until 2 months ago from a collector demanding 7 grand and i have to pay it or else we will file the court work today. I told the collector what about my X they said that they have been attempting to contact but no contact. no it is souly your prople. the he got very mouthy after i told him i dont have it, he said once i take you to court. we will take money out of you and your spouse paycheck, take any property, 401k, and this could put on a list in your comuinity preventing jobs ect. I hung up the phone. i took it to a laywer, after he send a demand letter. My laywer sent out a ceist letter and a vaidation letter with my orginal signature. been 2 months neather my laywer or i have heard any
2006-09-05 14:46:09 · 7 answers · asked by John t 1 in Business & Finance ➔ Credit
we live in Michigan
2006-09-05 14:53:47 · update #1
jeez Todd, your an idiot. I'd feel sorry for ya.... but......nope, just can't do it. You can live your life in ignorance and anger and I hope it turns around and bites you in the butt, which, it probably well.
To the OP, they cannot send you to jail, garnish your spouses pay, and maybe not even yours, put a "list in your community", threaten "immediate" legal action on first contact etc, collecters cannot legally threaten to do any of that.
I hope you got that all on tape.
After a cease and desist is sent, the collection agency has the right to make "one" final contact - if they want.
That contact cannot be for collection purposes. It can only be for telling you what they plan on doing with the debt - sue, sell etc.
Chances are, since you got yourself a lawyer, they are probably leaning on your ex right now.
The statute of limitations for collecting a debt in your state is 6 years.
Be sure to pull your credit reports. Arm yourself with each and every violation that they have committed in the chance that they do sue. I'm sure there are a few violations on each of your reports. Collectors love to put them on there even though the knowledgable debtor can get them for $1000 per violation.
2006-09-05 15:36:26 · answer #1 · answered by echo 7 · 0⤊ 0⤋
Todd again I will say you are an a--. You r the most negative person on this site.
Now this stupid collection agency that called you they will threaten you and say things they can't do just to get you to pay something because when u pay them they get get a cut of the money you pay. Don't worry really this is there job and they are very good at what they do .
2006-09-05 22:32:36 · answer #2 · answered by jodi_lynn_124 2 · 0⤊ 0⤋
The credit palces are really ggod at threatening, but not so good at actually doing anything. You take them to court and 9 times out of 10 you will win because they will be no shows. It will cost them more money to go to court than what you owe them, so to beat the odds they don't show and you win, and pay nothing.
2006-09-05 21:53:45 · answer #3 · answered by niks_mom7 2 · 0⤊ 0⤋
They cannot sue you. Only the original lenders can take you to court.and if they did the most they can collect is about $30.00 but they can never win even that little bit. Because only the original lenders can take you to court. every time they do this just keep going to you lawyer. Never say anything to them just hang up.
2006-09-05 22:59:52 · answer #4 · answered by Mr.Morgan 4 · 0⤊ 0⤋
after like 3 years, the debt becomes obsolete. The fair credit reporting act of 1968 requires that obsolete information may not remain on a credit report.
I wouldn't worry too much about their threats. Maybe set up a payment plan?
Good luck to you.
2006-09-05 21:49:56 · answer #5 · answered by tab42104 3 · 0⤊ 1⤋
EVERYTHING THAT THE COLLECTION AGENT TOLD YOU HE/SHE CAN DO.
YOU WILL GET SUED.
WHY ARE YOU AD VOIDING THIS AND OWE UP TO YOUR RESPONSIBILITY'S. YOU DID CO-SIGN.
WHY DID YOU GET A SILLY ATTORNEY INVOLVED I BET YOU PAID LIKE 300 BUCK FOR SOME PROMISES. THEY HAVE FAR MORE POWERFUL ATTORNEYS IN THERE OFFICE.
YOU MAY GET TOSSED IN JAIL IF YOU DO NOT PAY THIS.
CALL THEM UP YOURSELF AND OFFER TO PAY THEM LIKE 20 BUCKS A MONTH.
THAT WAY YOU WILL AVOID GOING TO COURT AND HAVE ALL OF THAT STUFF HAPPEN.
I BET THEY WILL SUE FOR LIKE 10K, YOU HAVE TO PAY THERE ATTORNEYS TRIP OUT.
2006-09-05 21:52:22 · answer #6 · answered by Todd C 1 · 0⤊ 0⤋
No one's been put in jail for not paying a debt.
2006-09-05 22:17:20 · answer #7 · answered by trvljess 2 · 0⤊ 0⤋