Due to financial difficulties, I got really behind on credit card payments. Five months later I am informed by phone (from an attorney) on Sep. 8 that I am receiving an audit against me, if I don't come up with $3500 in 5 days. The attorney (who's client is the credit card company) told me that the credit card company told him that they gave me a two week notice. However, that is a lie. If they gave me a two week notice I would have been able to come up with the $500 minimum and my account would have returned to good standing. On Sep. 9 I received a regular statment in the mail. It said that my account would be in good standing if I paid the credit card company $574 by October 2. Their attorney filed an audit against me on Monday morning, since I was unable to come up with the full amount. After lying to their attorney, the credit card company later told him that they didn't have to tell me. If they didn't have to tell me then why did they tell their attorney that they did?
2006-09-14 03:57:50 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
uh that's crap. talk to a bankruptcy lawyer now.
get out them yeller pages.. (yellow pages i'm sorry) :D and start ringing the phones off the hook.
what they did was wrong.. they can't even do that. i have no idea why the "attorny" called you and started to harrass you. first of all they don't have that kind of power. how much do you really owe?
second of all they have to take what they take.. if they don't then you don't have to pay.
you got to brush up on your rights as a consumer and debt holder.
what suit? they got nothing. you'd have to get a summons first before anything then that's questionable. the sheriff has to knock on your door and hand it to you personally.
they're jacking you a line of crap.
call them bankruptcy lawyers in your area get an appointment get all those bills and notices together and bring them along on teh appointment day and let the lawyer tell you what you can and don't have to do and what your options are.
don't let those credit companies screw you around and toy with ya.
which they are doing.
the lawyer can also tell them to cease and desist.
OH and don't use those credit consolidation companies you'll just be wasting your time. eventually you'll be needing a bankruptcy lawyer anyways so do that first.
he can give you the low down on what you can do and your choices to file or not to file for bankruptcy, make a deal with the companies and combind your debt into one bill per month OR just do what i did .. file chapt 7 and tell them to go to hell!
and i still have credit!
the lawyer will and should also tell you how to start repairing your credit immediately!
ALSO you can have a payment plan with the lawyer for his services... most times bankruptcy only costs $800 and he'll just tell you to pay when you can then after that he'll assign you a date with the us trustee and 5 minutes of your time bang you are discharged.
but you don't have to do that there are options he'll offer you, call them you got to now.. you got this stuff happening and those guys are toying with you thinking you don't know your rights so they jerk you around and scare you into coughing up things you can't possibly cough up because you don't have it.
they'll also make you think you have to get your friends to pay (no they don't) and that you only have a certain amount of time or they'll take your stuff (that is bull! they can't do that)
know your rights you'll be way surprised what your rights are and how much they have been violating them!
don't let them rape and harrass you anymore!
call!
2006-09-14 04:13:48 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Sounds like a scare tactic from a collection agency. An attorney is not going to "audit" you because of a delinquent credit card account. Pay them (the credit card company) what you can and work with the credit card company to resolve the issue. It sounds like you're trying to; just keep up the good work and ignore the **** of an "attorney."
2006-09-14 11:43:08 · answer #2 · answered by Bostonian In MO 7 · 2⤊ 0⤋
It's likely just a scare tactic.
Call a lawyer and start banruptcy proceedings. Then you can tell creditors when they call or write you that you have begun bankruptcy proceedings and they can't go after you, garnish wages, etc. You don't even necessarily have to go through with filing bankruptcy, but I think it would a very good idea to go in and talk to a lawyer about it. There are so many bankruptcy attorneys that I am sure you can find one to give you a free consult.
Do it today. Also, document everything they do. Every phone call, every threat, etc. Keep good records.
2006-09-14 11:02:14 · answer #3 · answered by LisaT 5 · 2⤊ 1⤋
I voted all your answers above. Bankruptcy does provide protection from collectors, HOWEVER, it comes at a cost. If you are considering, look at exactly how that may hurt you. A bankruptcy attorney is going to tell you all the benefits - MAKE them tell you the negatives and seek a second opinion. They want your business, be aware of that.
Secondly, collectors are mostly as they say above. Document your contact and make a good faith effort to work directly with them. Don't look for hand outs to save you.
Good luck!
2006-09-14 12:50:07 · answer #4 · answered by kcincon 3 · 0⤊ 0⤋
The "lawyer" is an employee of the credit card company.
Often you can work out a deal with them. If you can get together
about 2,000 or so you can call them and ask if they will take it as payment in full. If they say yes GET IT IN WRITING before you send them anything.
Also don't worry too much about them!! Pay your other bills, keep your house current and the lights on before you send them a dime! If you get behind on the house it can be taken away, the worst the c.c company can do is charge you a penalty.
PLEASE DON'T LISTEN TO PEOPLE WHO TELL YOU TO FILE FOR BANKRUPTCY! THEY HAVE NO CLUE WHAT THEY ARE TALKING ABOUT!
2006-09-14 11:09:15 · answer #5 · answered by N3WJL 5 · 1⤊ 2⤋
Too late now, but when you have these difficulties always keep in touch with your creditors, dont just not pay. Call the company directly, if theyve sold the account to a collection agency then call them and offer to work with them. Its not to their advantage to drive you into bankruptcy.
2006-09-14 12:11:58 · answer #6 · answered by David B 6 · 1⤊ 0⤋
im pretty sure when it comes to credit cards they cant audit you...really only the irs can do that....i have 3 credit cards i havent paid in 2 years and creditors call me all the time...but that basically all that they can do....especially if your not even that far behind on your payments....bascially if you dont pay your credit cards it hurts your fico score..and your credit goes down...cuz your not reliable....the only people that can take things from your are like loans that you get that are tied to your assets/collateral...like mortgages and car loans...
Creditors definately lie all the time...i had a couple call me and scream at me untill i asked him his name and what company he was calling from...than he hung up on me...cuz i used to be a loan officer at city financial and there are certian guidlines that they have to follow when calling for collections...you can never leave a message about why your calling...only who calling for and where you are calling from...and you can not harrass or threaten anyone for not paying....even when we had people who used their cars as collateral, we could only reposess them if we could find them.....
be carefull...they LIE!!!
good luck
2006-09-14 11:10:25 · answer #7 · answered by Lek 6 · 2⤊ 0⤋
It was probably a collection company trying to trick you.
2006-09-14 11:05:19 · answer #8 · answered by Anonymous · 1⤊ 1⤋
u have the right to remain silent... u know that this world is cruel...
2006-09-14 11:00:21 · answer #9 · answered by red devil fan 2 · 0⤊ 3⤋