You helped me previously on this matter of being disabled and recently divorced and wanting to debt settle on my own for about 20% of of owed amount.
I spoke to BOA a couple of weeks ago and told them I cannot pay and they suggested bankruptcy to me and were careful about what they said to me since I am disabled and left by spouse to raise child.
Now about two weeks later: I am receiving collection calls and a letter by a professional collections and recoveries management company.
July 9th, 2012 was the first missed payment to Bank of America MBNA.
We are looking at 3 missed payments as of today.
The letter I just received in the mail is from NCB Management Services Incorporated (Collections and recoveries management). Statement balance $15,676.
Dear XXXXXantha, Your delinquent account has been referred to this office. You are dierected to address all future correspondence and payments concerning this account to NCB Management. Unless you notify this office within 30 days after recieving this notice that you dispute the validity of this debt or any portion thereof, this office will assume the debt is valid. This communication is from a debt collector. As of the date of this letter, you owe $15,676.12. because of interest. late charges and other charges assessed by your creditor that may vary from day to day, the amount due on the day you pay may be greater.
What am I supposed to do here?
Do I still avoid talking to them for another month or do I contact them?
What do I say now if anything?
I do not see any debt settlement offers at this time.
What is your best advice in this stage of the game?