Separate names with a comma.
Discussion in 'Credit Talk' started by ben-served, May 15, 2012.
Thanks in advance.
Barclaycard Arrival Plus® Credit Card
Earn 40,000 bonus miles after spending $3,000 in the first 90 days; that’s equivalent to a $400 statement credit!
CREDIT CARD WITH BONUS OFFERBarclaycard Arrival Plus
Credit One Bank®Cash Back Rewards
Credit card for people with bad credit! 0% intro *APR for 15 months on balance transfers. $0 intro balance transfer fee for transfers made in first 60 days.
BAD CREDIT CREDIT CARDCredit One Bank® Cash Back
Barclaycard Arrival Plus®
2X miles on each and every purchase. 5% miles back with each redemption!
primor® Secured VisaClassic Card
Credit lines available up to $5,000! Reports to three national credit bureaus; perfect card for reestablishing credit. Guaranteed approval*!
SECURED CARD FOR REBUILDING CREDITprimor Secured Visa Classic
Barclaycard Arrival Plus® World Elite Mastercard®
Pay 0% interest on balance transfers for 12 months*!
They can't garnish your wages until they take you to court and secure a judgment. Do not give them your bank account number.
If you don't dispute the debt and want to settle, is there any way you can come up with a lump sum payment instead? I would rather do that than agree to a payment plan that has you shelling out $2,000 for a debt under $1,000. You'll most likely be able to negotiate a better number as well.
Also, have you responded to the summons yet?
Thank you sir for the reply.
We have replied to the summons to their office. In that reply was the paperwork that I listed our monthly expenses that are there every month like utilities and rent. It was after that letter that we received the phone call giving me 2 options - garnishment or monthly payments. I have until the 25th of May to let them know what option I have chosen. I don't think I am able to come up with a lump sum payment, although that idea is enticing. Today we sent out a letter to them requesting the name and address of the original creditor, hoping that will also give me a breakdown of what the charges in the suit entail. The part that really irks me is that they say they sent out letters over a 4 month period. My wife is home and we don't take mail of that sort lightly. We would have replied to the first notice and any of our friends would stand up for her good character. It's just - how do you tell a collection agency that you are of good character?
Did you send your answer to the court as well? If not, make sure you file you answer with the court too.
I'm not a lawyer, but like I said before, I don't see how they can garnish your wages until they secure a judgment against you. That basically leaves them with option #2 at this point, which is negotiating a payment plan with you. Do you have anything you could sell to raise some quick cash? Any expenses you could really cut back on for the next month or so? I would really push for a lump-sum payment instead of sticking with a payment plan drawn out over the next year.
We're going to the courthouse later this week to go over some similar cases and see what the outcome was and decide if it is worth arguing. It just seems like a paltry amount - not for us - but for them. I don't know, I think we'll just bite the bullet, pay for our mistake, live and learn. I think I can come up with an extra couple hundred a month but not lump sum all at once.
Your help has been more than appreciated. I WILL NOT give them my bank acct number, that IS for sure!
Did the summons actually come from the court?
Yes, it did. It was dated 23rd of February but not delivered by a process server until the middle of April. It has a court case number, filing date, signed by a District Judge and Court Clerk, looks like the whole nine yards.
Page 1 says summons, page 2 starts out with Petition for Indebtedness. Looks real enough to me.
Ok, just checking.
Make sure that you respond also to the court, however the process is in your state. The last thing anyone (except for them) wants is a default judgement.
You'll want to also google their name, you'll find some interesting reading.
That's how I got here. And yes, there are pages and pages of complaints about LBN.
Hey ben-served - any updates for us? What did you decide to do after visiting the courthouse?