Credit Reports New Jersey
2010
Dealing with a Collection agency/how trust worthy are they?
Hello, i am in a real mess here. I got a call last week from a Presily Williams from a company called portfolio management demanding 4500 for discover card. I told this Presily i had a Discover card, a long time ago, then he went on telling me yeah thats what you owe on it now. I told him i would have to check my credit report. Then he got mad and told me look i have to get this out pd now or else see you in court, then you will loose your house and my paycheck. I told him i dont have the money! He then told me i could pay 3k, go take our a equity line of credit on your house/ then pay it. He is giving me 20 days/ i just got a demand letter from an attorneys office in new jersey spelling our the agreemend this Presily presented. I went to take a look at my credit report from 5 years ago when we bought our house, it showed it was charged off in 3/1999 at 2400. The mortage is in my wifes name, i had some financial issues in the past. We live in Michigan. Help Advise please
While collection agencies sound fierce, they are much more bark than bite. The laws require quite a bit of work to garnish wages or pressure you. It sounds like you did not really owe that much in the first place. Do not let them get to you and do not pay them anything.
Once you start paying, you show that you owe. If you say that you no longer owe anything than all they have to go by is whatever the credit card company gave them, which is almost never much.
Take it easy and ignore them. What can they really do in twenty days? There are no laws that can even be enforced in twenty days. It is expensive to pursue debts. Too expensive for less than $5K.
Take care,
Troy
NJ Install WaterFurnace Geothermal heating & cooling PART 1
|
|
Confessions of a Shopaholic (Shopaholic, No 1) $0.97 If you’ve ever paid off one credit card with another, thrown out a bill before opening it, or convinced yourself that buying at a two-for-one sale is like making money, then this silly, appealing novel is for you. In the opening pages of Confessions of a Shopaholic, recent college graduate Rebecca Bloomwood is offered a hefty line of credit by a London bank. Within a few months, Sophie Kinsel… |
|
|
The 9 Steps to Financial Freedom $0.70 THE 9 STEPS TO FINANCIAL FREEDOM Practical & Spiritual Steps So You Can Stop Worrying CONTENTS What Do You Want From Money Step 1: Seeing How Your Past Holds the Key to Your Financial Future Step 2: Facing your Fears and Creating New Truths Step 3: Being Honest with Yourself Step 4: Being Responsible to Those You Love Step 5: Being Respectful of Yourself and Your Money Step 6: Trusting Yo… |
|
|
Amber Brown Wants Extra Credit $0.01 Getting fed up when her room falls into shambles, her homework is late, and her mother begins to date someone, a frustrated Amber Brown wishes that someone would give her a little credit. Reprint. AB. PW. … |
Comment