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Re: Collection agency and charged off account..Help...Please!


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Posted by LadynRed (199.91.33.254) on June 24, 2003 at 18:00:02:

In Reply to: Re: Collection agency and charged off account..Help...Please! posted by j.o. on June 24, 2003 at 16:22:21:

MA as a fairly long SOL - 6 years ! I would NOT recommend sending a total C&D on a debt that's still within the SOL period, their answer could very well be a lawsuit ! If you leave them with no other way to contact you, you'll likely be served a summons.

As for J.O.'s 'odds', if you owe a large balance, the possibility of being sued is greater too.
There is simply no way to tell who will or will not sue or for how much (except Discover who will sue over anything !).

If you have an income, they can sue and go for garnishment. If you don't want to deal with the calls, send a MODIFIED C&D letter and limit them to MAIL ONLY contact with you. Take the phone out of their arsenal of weapons to use against you.

How high is the balance you're talking about ?


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