a woman came to my house and gave me papers that said "served" and said that she was from the Sheriff's office. She was in a regular car and didn't show any identification. I took the papers and it said that I had a credit card 5 years ago and twelve hundred dollars was racked up and I needed to attend mediation. Well, to make a long story short, my ex who used to beat me up bought things and wouldn't let me pay the card. I had forgotten about it when I moved back home a couple years ago. I called the agency and the woman was saying "not all guys are like that" and weird stuff like that and I told her she wasn't making any sense. She was being horrible. She wouldn't work with me on making 3 monthly installments. She said either pay it all now over the phone or go to mediation. The problem is, the mediation's on my fourth day of school. So my mom got very upset and called the courth house. They told her all that would happen if I didn't go is my credit would be affected. True?
2007-06-05 21:46:23 · 3 answers · asked by YO Mama 2 in Business & Finance ➔ Personal Finance
From what I understand, it's just like being sued. I got those same kind of papers once for a credit card, but it came UPS! I had to sign for it, though. I didn't have the money to pay them so I didn't go. Basically, all that happened was a judegment was issued against me and the attorney fees were then added onto the credit card balance. Yes, your credit will be affected. But, if it gets to the point of mediation or being sued, your credit has long been affected negatively.
2007-06-05 21:57:08 · answer #1 · answered by First Lady 7 · 0⤊ 0⤋
Credit card agencies when find excessive default in repayments and debt burden increasing with their client, refer the matter to a credit collection agency. This agency specializes in recovering debts. The usual process is that the credit collection agency starts calling you about the debt and its recovery. Many people simply run away from such calls. But, this is certainly not the right way to tackle the situation. Read more from: http://www.credit-card-gallery.com/article/253,Stressed_with_credit_card_collection_agency's_calls_Stop_things_from_getting_worse_with_these_5_surefire_tips
2007-06-06 00:44:36 · answer #2 · answered by grierGRIER h 3 · 0⤊ 0⤋
In the US the company could carry you to small claims court and have the amount garnished from your pay check over a period of time. I don't know if that would affect your credit history any more than it already has though or not.
2007-06-05 21:56:30 · answer #3 · answered by Steve W 2 · 0⤊ 0⤋