Notice of right to cure default?
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Posted by Lori on February 23, 2001 at 00:34:58:
My husband and I have been using a debt counselling service for about 2 years that has consolidated our debts and made arrangements with our credit card companies to make payments. We've been making the arranged payments and the credit card companies have been receiving the payments, as our statements from the companies indicate. One company in particular, a credit union, keeps sending us harrassing letters stating that they will take legal action if we don't pay on our card. I have tried to call to correct the situation and I've been told that the letters have been sent in computer error and to ignore them. I continued to get more letters, each one pushing the legal action further, so I called the debt management company that we are going through to try to correct the situation, but the credit card company refused to talk to me. I've now received a notice of right to cure default on my existing balance. This company agreed to the payment of $108/month on this credit card, we have been paying each month to them. Can they take legal action against us? What can we do? We can't afford to pay the remaining money on the card at this time. Thank you.
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