Re: Trying hard during "trying times"-Advice for credit card collection

Posted by LadynRed (199.91.33.254) on March 25, 2003 at 10:19:35:

In Reply to: Trying hard during "trying times"-Advice for credit card collection posted by Grateful on March 25, 2003 at 03:18:51:

First thing - STOP TALKING TO THE CA ON THE PHONE !! It is pointless and a waste of your time, energy and emontional well-being. You are NOT obligated in ANY way to talk to these scumbags, so don't ! Besides, nothing you say on the phone is binding on them anyway, so why bother ? All they're going to do is harrass and try to upset you, as you have found out already. Let them talk to your answering machine ONLY.

Patti is correct, and so are you. They CANNOT repo your home, and probably can't even place a lien on it IF they sue, win, and get a judgment. It all depends on your state's exemptions and the amount of equity in your home. Ignore their blathering threats, they're full of crap !!

If you want to learn your rights, go read the FDCPA (Fair Debt Collections Practices Act). The Act binds collection agencies and it will tell you what they can and CANNOT do in their collection efforts. Once you read the Act, keep a log of all calls and keep all letters, because these pus buckets will rack up violations right and left (as they already have !) and you can sue them for their violations and win up to $1000 plus damages.

Below is a link to the FDCPA.
Here's antoher link to some great info on the FDCPA and bad CA's (from a lawfirm):

http://www.pennlawyer.com/fdcpa.htm

• FDCPA

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