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Recent Collection Agency questions

Credit Card Debt vs PERSONAL LOAN (LENDING CLUB;PROSPER)

Credit Card Debt vs PERSONAL LOAN (LENDING CLUB;PROSPER) DEBTHello .,I lost my job and I am not able to make payments on my Debts,both Credit Crad Debts and Personal Loan Debts(Prosper and Lending Club).Question:How long after being first time PAST DUE,can credit cards sue me for the debt owed to them?Is it different for Personal Loans?Can they sue anytime OR they MUST,by Law,first try to collect,then selling debt to Collections Agencies?

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legalg

Juris Doctorate

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12,812 satisfied customers
I have a creditor, I am referring to schedule e/f in

I have a creditor, I am referring to schedule e/f in bankruptcy, if I have a creditor, a collection agency who is suing me. my original debt was for $10,000 and they have added fees and interest and they are suing me for $21,000 my question is should I add them only to part 3 of schedule e /f? Or should I add them to part 2 and part 3 (which is what I did). I have the original debt, which was sold, listed in part 2 already.

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Terry L.

Partner

Doctoral Degree

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2,848 satisfied customers
I was taken to court old debt from discover, and a

I was taken to court for an old debt from discover, and a judgement was given in favor of the debt collector. This judgement was given in somerset county New Jersey. I began to pay the debt until I learned that there was a previous judgement on the same discover debt in Bronx new york several years back. The collection agency stopped the collection procedures due to Res judication or something like that. I had paid about $1200 dollars before learning that they should not have Gotten the judgement due to previews judgement. Now a different law firm/collection agency is trying to collect the same discover debt. They sent me a letter at my mothers house in ellenville NY stating that although the debt has a statue of limitations on it I still must pay them, and I should call them to make payment arraignments. There was mention of the previous judgements or payments. What can I do to get them off of me with this recurring debt that seems to around to every debt collector in the area.

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Roger

Litigation Attorney

Doctoral Degree

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33,106 satisfied customers
I am being sued credit card. I must respond to the demand

I am being sued for a credit card. I must respond to the demand letter by tomorrow. I owe the debt and can pay it in full within 15 days. What do I do if I have to respond by tomorrow but don't have the money yet?

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Christopher B, Esq.

Attorney

Juris Doctor

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4,786 satisfied customers
I have a company who says they can reduce my credit card

I have a company who says they can reduce my credit card balances. They do this by having me not pay my bills so it goes to collections. Then they work with the collection agencies to validate the debts. I guess it's hard to actually validate so the debt becomes invalid. I pay a monthly fee to the business (Non-profit) to pay for their legal work etc. They also say it doesn't affect my credit but actually goes into excellent status once the program is done. I was extremely skeptical but I checked BBB and they have several positive reviews, no negitive ones and A+ rating. Is this all correct or am I being scammed?

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Roger

Litigation Attorney

Doctoral Degree

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33,106 satisfied customers
I married a man who has credit card debt from s deceased

I married a man who has credit card debt from his deceased wife. We live in Florida and now it's at a collection agency. Since we are now married, am I responsible for this debt as well? He says he has not idea that she had this debt.

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mmdesq

Attorney

Doctoral Degree

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886 satisfied customers
Wife had Chapter 7 discharge within the last month. She has

Wife had Chapter 7 discharge within the last month.She has received a few collection notices prior to discharge as well as after.I understand the violation that has occurred and I have intentions of seeking counsel to file complaints against them all (there were five)... my question is:Does the agency trying to collect the debt have to have been alerted to the BK? The one in particular I am referring to wasn't notified of the BK because we didn't know of the debt. Is their sending of a collection letter grounds for us to file a complaint against them as well?There are actually two letters for two different charges from the same law office... would they be treated as two separate violations (assuming these two would count).

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Texas Atty

Juris Doctor

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34,618 satisfied customers
I've been lending very small amounts in bitcoins via P2P

I've been lending very small amounts in bitcoins via P2P lending platforms (BTCJam.com and Loanbase.com). Sometimes the borrowers don't pay, and I receive net-arb awards (with the borrower's details).The amounts per borrower are 0.4 bitcoins or less, which is about US$ 100 or less. The amounts separately are not large, but they accumulate.Many borrowers are from the USA, and am not a resident there, and don't plant to visit US in the near future.Questions:1) While not a resident in the US, can I take the defaulting borrowers to small claims court?2) If I cannot, can you recommend debt collectors that would buy the receivables from me for some percentage?2) Generally, what the best course of actions in my situation? (I do the obvious things, like diversify across dozens/hundreds of borrowers.)

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mmdesq

Attorney

Doctoral Degree

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886 satisfied customers
After decades of perfect credit, I got into a bad marriage,

After decades of perfect credit, I got into a bad marriage, built up debt, lost my job, and got a bad divorce, with him paying nothing towards our debt in exchange for me keeping my own retirement fund. I stopped paying off my credit cards in 2013. They've all gone to collections, along with two unpaid medical bills. I no longer get any calls about this debt, maybe because I told them all that I was going to file for bankruptcy, which i think I am. I don't own anything of value, and I'm still out of work.1) I occasionally get a notice from one of the collection agencies, making me an offer to pay off the debt at a much reduced sum. Would that actually help anything? I'd still have to recover from terrible credit and black marks on my record, but would not have the bankruptcy on my record, I guess?2) If that would be better, would it only make sense if I was able to deal with each of the five debts that way? I mean, if I'm going to have to go through bankruptcy, is there any difference between going through it for $10,000 versus $50,000?3) On my credit reports, my history shows for all four banks I had credit with that I paid on time, every time for many years, until I stopped. There were no returned checks, no late payments, no over the limit charges, etc. But I saw that one bank, after I had stopped paying and I think after I'd told them I'd be filing bankruptcy, lowered my credit limit so that the next month when my new interest and fees were added, I'd go over my limit. So now my credit report lists that offense, too. Does that make any difference, going forward? Why did they bother doing that?

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

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105,092 satisfied customers
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