Re: HELP WHYCHAT and LADYNRED! I paid one and now they're all coming after me!

Posted by LadynRed (199.91.33.254) on March 21, 2003 at 18:17:39:

In Reply to: HELP WHYCHAT and LADYNRED! I paid one and now they're all coming after me! posted by Gata on March 21, 2003 at 17:10:47:

1 - Yes, unless you got a 1099-c from them, they CAN turn around and sell the balance to another CA. When the next one comes along, you'll have to have that letter, and PROOF that the amounts were withdrawn from your account to pay the settlement, in order to make the next tick of a CA get lost.

2 - They CANNOT garnish ANYTHING unless the sue your DH first and win.. period. This CA's threats to do so, when no suit is pending, is a violation of the FDCPA, make a log of the calls and the threats.

3 - The only way to pay ONLY what you want to pay is to negotiate. You should draft up YOUR OWN settlement letters, including all the terms to cover your credit reports, and use that for settlement once you get signatures. I wouldn't accept theirs for all the tea in China. Get it on YOUR terms, as many of them as you can, before you pay out a single cent. You can find some good settlement sample letters at www.creditinfocenter.com.

If these accounts have been charged-off, chances are pretty good that the original creditor won't even talk to you, let alone make any deals.

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