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Trying hard during "trying times"-Advice for credit card collection
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Posted by Grateful
(64.12.96.205) on March 25, 2003 at 03:18:51:
Hello, I'd be grateful for some advice. I worked hard to pay bills on time and maintain a very good credit report scoring over the years. Our financial situation has taken a turn the past couple of years, but hoping it will improve this year. I've not had anything gone to a collection agency before and I have been searching regarding my rights while I am able to resolve this situation. I had to make a choice to pay the essential bills and anything else I possibly could to keep them on time or at least acceptable. Am Exp apparantly has turned the account over to CollectCorp. I intend to fulfill my obligations, but at the moment I don't have it to give or else I would have never let it get to the point for collection. They wanted me to pay 9800 of the 11,000 credit card debt and then called my husband tonight and I believe said 8500. Of course my response is, if I had it available, I would pay it. Personally, I know I ran the debt up and I would pay my full debt if I could and will pay what I can when I am able to. They called my husband last night and apparantly it did not go well because he was quite angry. He said they would not give him opportunities to talk/explain without them talking at the same time. I suppose it escalated from there and the person from CollectCorp called him a boy. I imagine after that there was no civil conversation. I know they were harassing him, as I have experienced and I've told them before "as soon as I can begin to pay this debt I will, but I will not get upset with "you" on the phone and go around and around in circles when I tell you I don't have it right now to give. If I could I would, what more can I say and they continue so then I tell them I am going to say goodbye and then hang the phone up. He says I hang up on him, I said no, I talk to you and then when I've told you I still don't have anything available and you continue to attempt to get me upset, I give you notice that I am saying goodbye. If prior to myself being able to resolve this 11,000 credit card debt, can CollectCorp repossess my home? Apparantly this is what he told my husband after the conversation must have become uncivil. From what I understand from searching, they may sue for the debt, but I don't see how they can threaten repossession? I make sure my house payments are made and this is credit card debt, not secured? If I understand correctly, if they sued me I would have this judgement against me, but will it be related to my house in the form of repossession? My gut feeling is if anything it would be a judgement of debt to be paid, but I don't see how it would be connected to repossession of my home. Any advice if this is possible? Thanks for letting me vent! Trying hard during "trying times" to fulfill my obligations. Grateful
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