Re: Thinking outside the box

Posted by Drew (24.59.27.46) on December 26, 2003 at 15:59:38:

In Reply to: Re: Thinking outside the box posted by jds on December 26, 2003 at 15:37:53:

This doesn't always work. Before they decide what to do with you or even to send it to collections, the creditor if it is a big one will do a credit and asset check on you. If they determine that your credit is relatively good and that you have a job and some assets and that you don't live in a debtor-friendly state, they will sue and laying low will not prevent them.

Every situation is different. Some cases, it is better to lie low. Other situations, you might have to fight back. No situation is different and the advice that might work for one person may not work for someone else.

If you have a good job and they know it, they will find you and sue you. If you are out of work on the verge of bankruptcy and have no assets, they might let you slide.

A full analysis of the situation.

I do visit about six or seven different boards and just lurk there. A couple are collection boards, some are attorney boards, and from everything that I can read, the form letters on the internet should never be used anymore. The collection agencies have become so saturated with some of these form letters that they know the source and they know the board and website they come from. By sending in anyone's form letter, it tips them off right away that you are dodging debt and it ticks them off.

SOme collection agencies have a policy that once they see a form letter full of rules and regulations, legalese, and FDCPA garbage, they just turn the account over to their attorneys and begin suing.

If you write to them, don't use anyones forms and letters. Use your own words and keep the legalese language out of it. Be direct but polite.

Many of the collection agency boards are familiar with many of the standard form letters out there.

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