ok, I had a problem last year and I didn't pay a chase credit card with a balance of 200 bucks. well of course they added interest late fees and over limit fees every month and now the balance is 1000 bucks. It has been sent to a collection agency and they called me and told me that i would be going to court to have the matter settled which will cost me money in legal fees etc....
is this true? or does it just go to bad credit on my report? Are the people that bought the chargeoff just trying to scare me into paying it?
thanks for your answers...
2006-11-08 01:39:51 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
and the guy i talked to was super RUDE to me. he told me to go back to High School. he was just a prick so i told him to go back to hell.
2006-11-08 01:57:58 · update #1
It sounds like the collection agency might be a law firm. They are really the only type of collector that would normally pursue a judgment on a debt of only $1,000. Most collection agencies cannot afford to spend so much money on attorneys to pursue such a small debt.
If it is not a law firm, then the collection agency may be breaking the law. Under the Fair Debt Collection Practices Act, no collector can threaten to take action (like a judgment) unless they actually intend to do so. They may be breaking the law!
2006-11-08 02:01:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It can go to court to be settled and generally the person owing the money is responsible for paying all court costs. This info is usually in the fine print when you open your credit card. You may want to see if you can speak with the collection agency and make a deal now before it goes to court.
2006-11-08 01:46:37 · answer #2 · answered by momofmodi 4 · 0⤊ 0⤋
I don't know about taking you to court... It would cost them more to come to what ever county you live in a take you to court. So that is a scare tactic to make you pay up. But you are responsible for the $ regardless. Don't take what they do to your credit report lightly. That is your future... home, car, job, school... Think about it. Try to make a settlement with them to pay part of it and call it even. They will be happy to get something over nothing. Then go to www.daveramsey.com and get some finance books (he's a financial wiz) and then promise yourself you will NEVER get another credit card!
2006-11-08 01:46:58 · answer #3 · answered by ? 2 · 0⤊ 0⤋
Yes. Their job is to get you to pay. They use scare tactics to do this. It will be sent to collection agencies who will evetually try to "bargain" with you. My daughter had a $200 credit limit card she maxed out. After she was out of work for 3 months , the fees made her bill over $500. She agreed to settle on $311 , making bi-weekly payments of $30.
2006-11-08 01:47:45 · answer #4 · answered by moose on the loose 3 · 0⤊ 0⤋
below the honest Debt series Practices Act (FDCPA) a debt collector will possibly not call you persistently with the motive to harass, abuse, or harass you. Calling you two times in an afternoon, extremely if the 1st call went on your voicemail, is in all possibility not a contravention of the FDCPA. additionally, a debt collector can not call you earlier 8:00 a.m. and after 9:00 p.m. you are able to write a letter to the debt collector asking them to provide up calling you and that they are required to honor it below the FDCPA. i might advise sending the letter with the help of utilising qualified mail so which you will instruct they gained it.
2016-11-28 03:13:41 · answer #5 · answered by baksi 3 · 0⤊ 0⤋
I agree w/ everyone, definately negotiate w/ them now... But whatever you do, do not post date a check. It's the worst thing possible, because if you schedule a debit of your acct. on the 15th for example, they will have access and take the money out sooner. It's happened to me, and my boyfriend, and I filed a fraud claim for taking money out unauthorized.. Good luck!
2006-11-08 01:55:11 · answer #6 · answered by qbanita0113 4 · 0⤊ 0⤋
Negotiate with them now. They can take it to court if they choose...for $1000 I would be surprised but it is possible.
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2006-11-08 02:24:31 · answer #7 · answered by tomvoli 1 · 0⤊ 0⤋
they can take you to court and add fees your best bet is to offer them 400 dollars right now to make it go away then borrow or sell whatever you have to. you have no idea how important good credit is.
2006-11-08 01:46:15 · answer #8 · answered by repoman747 5 · 0⤊ 0⤋