Debt Help Tips & Information

I made a payment arrangement with a debt collector (attorney). The arrangement was that they would automatically withdraw the amount from my account each month. I noticed after the first 2 months, no money was being taken. I made written contact with them on 3 occasions, giving them my account number again and asked that they begin withdrawing the payment. I then receive a garnishment notice from my employer. I again contacted the collector, gave them my account information and told them they did not uphold the original payment arrangement. They released the garnishment. Again, the following month, no money was withdrawn. I then began making payments to them online. After 4 payments, they garnished my wages again saying I missed a payment. I have made in total 7 attempts to contact them to plead with them to uphold the original agreement that they automatically withdraw the funds. I explained had they done this, there would have never been a missed payment. They refused and said they tried withdrawing the money, but were unable to. The bank has verified that the funds were available in my account when they said they supposedly try to withdraw the payment. I then asked for proof of these attempts and they refused. At this point, I am having 6 times the amount originally agreed upon taken out of my check each month. I told them this was causing me a severe financial hardship. I was berated by the person at the attorney's office and told it was all my fault, even though they did not adhere to the payment agreement. Do I have any options? They are refusing to release the garnishment They refuse to send me any documentation or discuss with me any further. Thank you.

I had an account with American Express over 10 years ago. During the time I had the account, I was being charged for magazine subscriptions that I never ordered. After getting a number of these charges reversed, I was unable to get the rest of them reversed. I accumulated over $1,200 before my account was closed. Since I considered these to be fraudulent charges, I refused to pay. American Express sued me in small claims court. The court did not provide me with the proper paperwork to dispute the claim and granted judgment in favor of American Express. I did not hear anything back from American Express for almost a year when I received a 1099 form for which I paid the taxes on the amount in dispute. Just recently I received a letter from AE giving me the option to dispute the claim. This letter is more than 10 years after the original judgement. Does this conform to the Fair Credit Reporting Act. I am in the process of refinancing my house and cannot afford a negative credit statement. What do you suggest? Thanks for your help.

In 2007, I took out my last private student loan through Sallie Mae and I paid on them once I needed to until January of 2009, and this is reflected on my credit report. In 2009, I went to prison and was there until August if 2011. The day I got out, my grandmother died and sometime soon her estate will be settled and I will receive a small amount. I made some payments on these loans when I got out of prison, but at the end of the agreement time, they said my payments were no longer sufficient and would need to pay more. I am a server and was paying two different collection agencies and a car payment, insurance, rent, and other associated bills. I just want to make sure they can't take what little i am going to receive. I live in Indiana, and was recently married. I believe as long as i don't put all of it in our bank account only $4,000, what Indiana has to leave in there, we should be alright. But I would like verification of this. Also, I haven't received notice of a judgment or a summons. Please help. Thank you, Wendiellen M

I recieved a summons and complaint recently from a law firm that is sueing me for an account I have with a collection agency. I was slowly paying this off for almost 5 years. In August of last year, I spoke with the collection agency and explained that my income had been cut in half, due to a change in profession. He agreed to hold off on payments until things got better. They continued to send me monthly bills that state that the balance of the account is $2650.00. The latest monthly statement (dated 10/5) has this balance and the due date with the amount due for my payment. In the letter, they also offer to settle for 70% of the balance. In the complaint on the summons, they state that there is now due and owing $4195.00 and that my account has accrued interest in the amount of $4521.94 (total of $8716.94). I have submitted my answer to the county clerk, two days after I recieved the summons. In the answer, I denied the amount owed, due to my current statement/bill showing $2650.00. I also denied the interest amount, due to the stated balance of $2650.00 I also denied their assertion that demand was made to pay off the balance. On my statement, they only ask for the monthly payment and the offer to settle for 70% of $2650.00. I attached this statement to my answer to the summons and claimed an affirmative defense since the balance stated in the summons did not reflect my payments. My bill for this month, stated my due date for payment was 10/21. I sent a cashier's check from my bank via overnight mail. I met the deadline for this month's payment and will keep paying until this is paid in full. Can I still hold them to that agreement and that balance? I am wondering if I have a good chance for avoiding a judgement against me and if I have grounds for a counterclaim of any sort with them stating a different balance than what this month's bill states? Sorry for writing a novel on here, I just wanted to present all of the information. Any advice would be very much appreciated as I am absolutely terrified of what this could do to my family.

My mother has been contacted by a collection agency on a credit card debt that the company says is from 2001. I looked through all 3 credit reports and the account is not listed. I just started cleaning up her finances, and it shows she paid on the debt for 6 months in 2010. I haven't been able to figure out why it stopped yet. 2 questions: 1. How do I determine if the debt is actually hers? (agency says it is) 2. Because she payed on it recently, does that mean the SOL stars new and did that make the debt hers? She won't remember paying on it, I checked her bank statements, she just follows what others tell her, that's why I'm fixing her problems now. Thanks in advance.

I have several derogatory accounts on my credit report that range from 2001 to 2008. Should I pay off all of the accounts?

If you have a charge off and you are sending them a payment every month and they are accepting it. But, now are saying that is not enough. But, you can't afford to pay more. What can they do.

Hello, Bill. In a comparable analysis cost between legal cost to hire a lawyer and self settle down the court order with creditor,I prefer to work on my own. I have much experience to do paper work. Please advise and share information. I appreciate this

Hello, Please give me any advice to settle a court order debt about $4k My sister has business as nails. Lease finance goup llc / service of creditor machine insited her for free trial 1 month. About two wks later, she did not like it and call agent to take back the machine. They promised to come and fix the problem and never took back the machine It turned out to pass free trial deadline and got in the actual contract. Now they filed court order debt which my sister felt that no reasonable and scam I want to negotiate with the creditor or comp to settle down debt. My sister has no docs on her hand. I dont have creditor infomation on her credit report either except court order docket and where the creditor filed claim. Any advise, please help me Is that possible to settle down a court order. Possible for a payment plan? Possible to claim for a scam or fraud? How to do it? I appreciate all ideas and share information

A while ago i got into trouble with my credit cards when i lost my job and had no money saved up.Eventually when i got back on my feet i got help from an agency that help me settle my debt with the exception of 1 because this collection agency when we sent an offer to settle, the collection agency replied with a letter sent to them and to myself that "they were ceasing all efforts of collection regarding this account and that they contacted all 3 credit reporting agencies who they furnished info regarding this acct and ask them to delete it from their files"why they did that i have no idea becuase we were trying to settle.The problem now is that come to find out a couple days ago that they only asked 1 credit agency to delete Transunion but left it in the other 2 still showing as transferred and derogatory and now that account got sold out to a different lender who is now calling me and asking to pay for this with extra fees and interest, can i fight it with that letter? that account was not charged off until July 2006 and I believe that the statue of limitations in MA is 6yrs so technically they still can right? I told them that this account was settled so what should I do? Contact the previous lender? Send them that letter? Please give me an advice. I also noticed that some of the lenders we settled with they took it from 1 or 2 of the credit reporting agencies but not all three what is your advice?I hope you can help me. Thanks in advance.