 My first credit card tips? |
whats the best way to raise the so called "credit score"?
paying the minumum every month vs paying the balance off immediately?
does the amount you charge matter?
and any ... |
|
 What's the best credit card for a college student? |
| I dont wanna go into debt and i want a small limit. i would really appreciate any help.... |
|
 Please How Can I get a personal loan for Bad Credit in Canada? |
| hi actually I have a bad credit score and I'm in need for $5000 to pay off my creditors so I can improve my credit score. I tried reasoning with my creditors to pay the money that I owe them in ... |
|
 I need a £10000 unsecured loan fast,as in this week.any suggestions? |
| my credit score is ok but not great but i need to get my hands on this money fast without too much fussing about with forms and phone calls.... |
|
 How long does it take to clear a Bankrupcy? |
Hey there, I declared bankrupcy in 2004 how long will it clear ..meaning out of your credit history ?? I heard 7 years and also 10 years ..does anyone know? THANKS
Additional Details
OOP... |
|
 Does anyone know how i can go about consolidating my debt? |
| i have bills i owe and some that went to collections.. i want to clean my credit and so i want to consolidate my debt (where they put all your debt together and combine them in one payment) and i can ... |
|
 If you had cash would you payoff your car loans or would you use the money for other things? |
| I currently have two car's and I have a combined loan for them with with a low interest rate. If you had just enough money to pay the loan off would you or would you use the money for home ... |
|
 Can creditors withdrawl money from my account? |
| Last week, I received a call from a collection's agency, Nelson & Watson. I owe them money from 8 years ago and I know it's my responsibility to repay it, but I'm a college student ... |
|
 A credit question? |
| I am in the process of repairing my credit report on my own. I have paid off 3 accounts listed on my credit reports this year. I noticed that everyone saying that one cannot remove negative items ... |
|
 Which card is better? |
| A debit card or a pre-paid credit ... |
|
 Cash Call.Com wants to put $1,900 into my moms? |
| checking account. They told her she would have to fax a bunch of information over to them and her repayment plan would be $150 a month and she could re-pay it with no penalty.. Is this true? Does ... |
|
|  |
havik_376 | HELP! I think I am being sued by a collection agency? |
I just got the letter from their lawyers stating that might come after me and take me to court. It is an old SBC bill for $2800.00 from back in 2003, what happens if they sue me? What does a judgement against me mean? Do I have to go to court? How bad is this really? If they get a judgement against me can they garnish my wages for that money? I am so confused..... |
 |
 
echo
|
First off, as far as the statute of limitations to collect on the debt is 4 years no matter where you live in the states.
SBC falls under the UCC for utilities.
As far as what they can do to you if they sue depends on many things. You would have to look up the exemptions in your state. Depending on your states exemption laws, they may or may not be able to garnish wages, place liens on your home etc.
Send them a debt validation letter. Find out the amount (or even the debt) they are trying to collect is correct.
When they validate the debt and if you can, do as another poster recommended and offer them a settlement as payment in full.
If they send you a summons - answer it or they will automatically get a default judgment against you.
P.S. As for the poster that said you would sit in jail........there is no such thing as debtors prison anymore and hasn't been for a very long time. |
|
nwftbl25
 |
2800 phone bill?? Wow. Here is what can happen:
They can take you to court and attempt to have the judge issue a judgement in their favor for the money. If this occurs, they can garnish your wages. This is not nearly as bad as a body attachment. If they do this, you will sit in jail until a resolution is reached.
My recommendation is work it out NOW. Call the collection agency and negotiate the balance. Is the bill fair? How come you did not pay it? Being in contact with them and facing this head on is your best bet and the only way to get through this, it will take some time but in the end it's worth it. Good luck. |
|
wendyd1999
 |
Could be a scam. Also, there are lots of unscupulous collection agencies out there. The Boston Globe recently did a series on this.
As far as I know, they cannot garnish your wages without a court order from a judge.
Do not sign anything! Consult a lawyer. You may very well have to go to court.
BTW what is SBC? |
|
Kiki
|
There are a number of things they can do. They can garnish your wages. They can take future tax returns until it's paid off. If they have a judgement, and you come into some money, they get theirs. If you have a judgement against you, and you sell your house, they will be there with their hand out. I agree with the other person. Your best bet is to call them. Try to set up a monthly payment plan. Sometimes places like these will settle for a smaller amount if they get it all up front. (Don't forget to claim that on your taxes though--you have to report the difference between the original amount and the amount you actually paid as income.) |
|
cliffy
|
here's a novel idea.. pay them. make arrangements, that's all they want. |
|
baba booey
|
Pay up you cheap mofo. |
|
fredhou97
|
First) when was the last time you had traansaction with SBC. Each state has statute of limitations on bills.Now if you have been using SBC recently then that will not work.
However, if you disconnected from SBC after receieving the bill then 3 years might be eligible for statute of limitations. |
|
rachelsroadside
|
It sucks when we get in these situations, I know! I've been there! A lot of times they will send those letters just to scare you, especially if you never respond. The best thing to do is contact them, and make arrangements. Even small monthly payments shows you are making some sort of effort. If you can't make some sort of agreement, meet with a credit counselor, which a lot of times you can find for free, to help you with you past due bills, especially if there is a lot of bills! Another thing nice about these counselors, is that usually the places you owe has to stop giving you past due fees, and stop interest rates on credit card! It's an awesome way to fix your credit! When I lived in the twin cities, I fell way behind on my bills, I even worked two full time jobs to try to catch up. A friend i worked with told me about the credit councelors, and I gave it a shot. Probably the best thing I ever did! Most are very resonable, but there are some that are FREE!! The one I went through was completely free. Most will put all your past due bills together, and find out what you can afford for a monthly payment, then you make one check, and they pay a portion to all the past due bills! It's awesome, and the collection agencies can't say anything about it! It helped me fix my credit, and now I can get a loan for a house, and I really straightened out my future. But, if you don't call, and you don't do anything about this letter, they might take you to court, and yes, they will garnish your wages. The judge will figure out what you can afford, and start the garnishment immediately!If you haven't contacted the credit agency, the judge will look down on you for that, too, and it will be worse.. Good luck, I hope I was helpful!! |
|
xcelix
|
They will first send you a petition for you to appear in court. If you ignore it, they will send an order to court asking them to garnish your wages. It will affect your credit, so maybe you can come up with a payment plan with SBC. You will find that they can be very accommodating, after all they just want what is owed to them. If you choose to let them garnish your wages, you'll end up paying twice as much, with a daily penalty about 40 cents! Also, a wage garnishment looks really bad on your credit report. |
|
Fleur de Lis
 |
Call the collection agency and talk to them. They would rather settle amicably and not go to court. Court will cost them alot of money. Make a payment plan with them. They are not bad people and will try to help you as long as you are making payments. |
|
Sick MOFO
|
sbc is a phone company sbc global is what its called |
|
andrea
 |
I work at an insurance agency where we run credit reports on clients and if you have something like that it shows as delinquency on your credit which damages your credit score. And they can garnish your wages like answer #1 says. You should definitely try to take care of it as soon as possible. |
|
Andy FF1,2,CrTr,4,5,6,7,8,9,10
|
Get a lawyer.... Believe me, it is worth the expense. He'll be able to tell you the best course of action and he'll handle the communications then with the collection lawyers.
He can have it thrown out in some cases, offer a smaller settlement in other cases, or work out a payment plan for you in other cases. Just remember to get your own lawyer who will then work for you.
If you do nothing and they get a judgement against you, then you owe the entire $2800 plus their lawyer costs and you don't want to be in that boat.
No, they cannot garnish your wages for unpaid debt. |
|
Caroline H
|
They do not want to take you to court - they just want to close their books on this - offer them $1,000 to settle before court. If they get a judgment it looks really bad on your credit, they can garnish your wages. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
3 | 12 minutes(s) ago
| | | |
8 | 16 minutes(s) ago
| | | |
14 | 55 minutes(s) ago
| | | |
15 | 1 hour(s) ago
| | | |
14 | 6 hour(s) ago
| | | |
14 | 11 hour(s) ago
| | | |
14 | 2 day(s) ago
| | | |
12 | 3 day(s) ago
| | | |
14 | 6 day(s) ago
| | | |
6 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Credit 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
