Here is my situation, if anyone has any suggestions on what my options are please post your opinions. I know i have screwed my credit and its pretty much my fault, but here is the story. Right now i have a recent charge-off from Chase $7700(dec2006) where a CA is representing them. I sent the CA $700 and told them i would pay the rest after i got my loan from my 401k plan, but the CA continued to call and bother me, so when i called him back i asked him if he would send me a VOD. He was really upset and told me he would pursue the matter further and just hung up. My other Discover account $3200 just offered to settle for 40 cents on a doallar,should i take the offer? I have the money to pay off these debts(waiting for the check from my 401k) but i also have LEXINGTON LAW FIRM disputing these items with the CRA, they tell me its my choice if i want to pay the items. Since my credit report is already damaged, what should i do? I just don't understand why paying off a balance makes no difference with creditors, while the person with high debt and pays a small portion every month on time (But could never come up with the total balance upfront during their lifetime) gets the royal treatment. After paying off these debts, i will only have my mortgage payment with 12 years left on the balance to deal with.
Telling him verbally accomplishes nothing, whether you are asking for validation of debt, or notifying them to not contact you by phone, or a full cease and desist. Always send anything in writing, CRRR. Is the amount they claim you owe to Chase accurate, or do you need documentation to determine what is owed? Did they notify you of your right to dispute and request validation?
Truthfully, i dont know since i have not used the card at all over the last six or seven years, i paid the minimum payments but this debt has just lingered on and on. Is the amount accurate? I am not sure so that is why i want to validate and or dispute it.
Did they notify you of your right to dispute and request validation?[/QUOTE] YES ON 2/02/07, it is past the thirty days, but i read that is not set in stone as long as it is a reasonable time frame, in my situiation it has only been about 60 days.
YES ON 2/02/07, it is past the thirty days, but i read that is not set in stone as long as it is a reasonable time frame, in my situiation it has only been about 60 days.[/QUOTE] If they notified you on 2/02/07, then it is NOT 30 days yet.
If they notified you on 2/02/07, then it is NOT 30 days yet.[/QUOTE] Sorry, 01/02/07 is what i meant...
30 days or not, if you have doubts about the accuracy of the alleged debt, dispute and request validation. They may or may not provide it, and if they don't, you might not have the option of suing for continued collection, but they have little to gain by refusing to reply. What is your response to their refusal to validate the debt? No payment until they do. What is your response if they sue? Demand validation under discovery. If their reporting is in fact erroneous, that is still the path you go down to dispute reporting under FACTA. It sounds like at this point you want a pause in harassment until you just pay it off.
Maybe, but some ppl are not as fortunate and get abused by the system. CA are a criminal enterprise in my opinion.
Just got a love letter from the CA that represents Chase, they want to settle for 80%. They told me to use my tax refund to pay them off. I do not want to deal with this agency anymore since they have a record of fraud and intimidation. http://www.consumeraffairs.com/news04/2005/wva_debt_collector.html Lexington law is disputing the CRA but they seem to have no interest with dealing with the CA which is currently in the process of harrasing me. Should i just call Chase directly to see if they would accept a settlement?
You can and I would advise you to do so even though I'm reasonably certain that it will do you no good. One never knows for sure until one tries. The Idea that you don't want to deal with the collection agency isn't a practical approach. What you need to do is be sure that you round up and keep all the statements from Chase that you happen to have. Keep all letters and the envelopes they came in sent to you by either the collector or Chase and any attorneys they hire. Be sure to demand validation in a timely manner. Learn what the possible violations are and try to learn how to defend in court.
The Idea that you don't want to deal with the collection agency isn't a practical approach. Why is it practical to deal with these ppl?
