Ziay!

LDS

I received a letter from them stating they intended litigation. I did a little research and found they are very unscroupulous. Any advice?

crazyjester9

Is the debt yours? Are they trying to tack on extremely high interest and fees?

Best advice I can really give you at this point is to check out the links below. They cover your rights when dealing with collection agencies.

http://www.creditinfocenter.com/rebuild/debt_validation.shtml
http://www.creditinfocenter.com/rebuild/
http://www.creditinfocenter.com/repair/

Cindy

Yeah, pay your debts....or at least try to. Giving your debtors ANYTHING, even just $50 bucks a month (until the debt is paid) will usually keep you out of litigation. Things are tough all over...and creditors don't give a crap. They want their money...and a lawyer is going to cost you probably as much, if not more then what you owe them to begin with. And it's going to cost THEM to sue you. So if you contact them and make arrangments to pay them anything, it will probably appease them enough to keep you out of the courts. Just make an effort.

Jay L

Yea, pay your bill. That is the best advice. Now for a tip you want to hear. The collector will likely accept much less than what you owe. You should make an offer if you have the funds. If not you still need to work out some sort of agreement. If not they will take you to court and have your wages guarnished. They may do some unscroupous things, but no worse than you for not paying for the items you charged.

?infiniti?

I see we have a couple of bill collectors here tonight.

First check your state's Statute of Limitation (SOL) on repaying a debt. If the debt is past SOL, you no longer have a legal obligation to pay. Use the link below to check your state's SOL,
http://www.bcsalliance.com/y_debt_sol.html
Send them a letter stating that you are aware of SOL, and that cannot contact you any more. Send the letter by certified mail and keep copies for your records.

If the debt is still within SOL, debt validation is the best weapon against debt collectors. Send the bill collector a letter demanding that they validate the debt. They will have to supply the original contract between you and the original creditor, a list of what the debt is for, and a list of any fees and interest that the collection agency may have tacked on to the debt. Also, include a paragraph stating that they cannot contact you until the debt is validated. (Most of the time they might just back off).

Hope this helps