Re: Settlements
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Posted by Razor
(65.33.36.192) on April 09, 2002 at 22:29:09:
In Reply to: Re: Settlements posted by Michelle on April 09, 2002 at 22:11:49:
Ok If these are all 4 years old then negotiate for removal or paid as agreed with the Creditors. YTou may be able to get the debt reduced but changing the tradelin should be your top priority. Zap the CA with a validation. Include that you you no longer want to talk to them by phone. Do not agree to pay or make any type of arrangement to pay. Also call your comptroller to see if thier bond an licenses are up to date. If the cant validate they either have to stop collections or send the debt back to the creditor. The SOL is up on all the cards over 3 years old wich means they cant win a law suit. HGere is the info for LA STATE: LOUISIANA † INTEREST RATE Legal: 9.75% Judgment: 9.75% STATUTE OF LIMITATIONS (IN YEARS) Open Acct.: 3 Written Contract: 10 Promissory Notes: 5 Domestic Judgment: 10 Foreign Judgment: 10 BAD CHECK LAWS (CIVIL PENALTY) After 30 day written demand (certified or registered), twice check amount. Attorney fees & court costs GENERAL GARNISHMENT EXEMPTIONS 75% disposable earnings per work week, but not less than 30 x fed. min. hourly wage. COLLECTION AGENCY BOND & LICENSE Bond: Yes - $10,000 License: Yes Fee: $200 Initial $200 Investigation $200 Renewal $100 Branch $100 Branch Renewal
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