 What is the best way to fix my CREDIT SCORE? |
| I think my credit score is funked up. I used to own a house and I missed a payment or two when I was laid off from my job. I sold it and I paid off all my credit cards. I recently applied for a ... |
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 I can I get a loan to pay off my credit cards? |
I would like a loan, so I can have 1 bill not 5.
I am not interrested in debt consolidation.I can pay for my bills.... |
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 What is the best way to go about paying off my credit cards? |
| I have several credit cards all maxed out. I cannot transfer anything over to another card because of my low credit score and can't get a credit card company to do that. I feel as if I have ... |
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 No credit card and never will have one.? |
| I've got great credit and have had several credit card offers and reject them all. Do you think it wise not to have one? I have saved tons of $$$ from interest by not having one. What do ... |
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 I have a debt collector calling my parents house asking for me... Anything I can do? |
My poor mother now knows i'm in serious debt and I feel terrible. Heheheh but it is kind of funny for some reason. Thanks for any answers.
Additional Details
Ah, my YA friends, if I ... |
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 How do I cancel a credit card that still has a balance? |
| I have a credit card from my bank but i really dont use it but it has a balance on it can i still cancel it and just pay it off and if so will that hurt my ... |
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 Will I lose my house? |
| If I file for bankruptcy will I lose my house?... |
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 What does "account charged off" mean on a credit report? |
| I finally got a friend of mine to take a look at her credit report since she doens't pay any of her credit card bills and hasn't for awhile. We got her report and there are some things we ... |
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 Is it better to file bankuruptcy or try to work with creditors to pay off debt? |
| my husband and i have bad credit. his are from schol loans and credit cards. mine are medical bills. his credit is in the high 400s and mine is low 500s. what is the best option or what options do i ... |
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 Do Target or Wal Mart credit cards show up on your credit report? |
| They can only be used within those stores can't they? Isn't it like a gift card with interest?... |
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 Can major credit cards do anything to you if you stop paying? |
| If say you have major debt, 30 plus grand and so, can they do anything else other than give you bad credit and harass you? Can they take your house? If so after how long will they attempt this? What ... |
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 OMG my APR is ridiculous!? |
| So, I have an acct with WAMU (Washington Mutual) and made 1 late payment a month or 2 ago. Since I have online billing, and no paper statements (and they don't offer APR online)... I called to ... |
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 What is your favorite thing to do with those annoying credit card offers that you get in the mail? |
| I like to tear up everything in the envelope and put all the other junk mail I recieved that day in the post-paid envelope and mail it back to them, believe or not they eventuality quit mailing them.... |
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 I have about $6K in credit card debt. I was thinkin of gettin a personal loan to pay off the cards, good idea? |
| I am a 25 yr old male with a good job. I am not having trouble paying for the two cards I own, however I am thinking that the rate on my personal loan would be significantly lower than my two credit ... |
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 How can i get a loan? |
| i am kinda in a bind here. i need at least $ 7,000. i dont have any colaterial. how can i get a loan? should i just go get a credit card? i have a good job and i belive in paying off all my depths so ... |
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 How does a credit card work? |
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 What will look better on your credit report...? |
Hello all,
Here's the situation:
Several credit cards are late and now in collections.
Creditors have been calling for months now.
Currently credit report has ... |
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dlcsun26 | Once my account has been given to a collection agency, can they take me to court? |
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 |
 
Studly
 |
First, lets correct a few of the poor answers here.
They do not arrest you for non payment of debts, so ignore those idiotic answers!
It's not true that only the original creditor can sue you. Collection agencies many times will purchase the debt from the creditor. And even still, CA's are representing the creditor, just like an attorney. I don't even understand the logic of that reply.
OK, will they take you to court? This is actually like a chess game. Each of you must study the other's position and decide how you want to play the "game".
From the creditor's point of view, it's going to cost him time and money. If you live in a differant state, it makes it even more costly, as he will have to seek out an attorney close to you who will do the actual court work. So, unless the debt is fairly large (at least $1000), they will most likely not mess with it.
They will also be looking at other things, such as how will the collect if the win? Do you have a job or property? It does them no good to win a suit and not have a way to collect.
So use this information to set your game plan on how to deal with them. If you attempt to negotiate a settlement, get it in writing prior to giving them a dime, and be sure they put IN WRITING that they will remove any negative report from your credit history. |
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from me to you
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They can garnish your wages, get a warrant for your arrest or anything |
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MrChili
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Only the original creditor can sue you, not the collection agency. Your best hope is that they actually sell your debt to a third party, then you can't be sued. |
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me
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Yes they can but just try to make arrangements with them and they should work with you and it won't go that far. |
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Gregnir
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Certainly they can take you to court, however, they would prefer to reach some type of settlement; going to court can be quite expensive and time consuming. At first contact with a collection agency, state your circumstances and suggest a settlement of some kind. |
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blondieinlove
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Yeah they can...I have two collection agencies right now and they will have a warrant out for my arrest if I don't pay. |
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AT
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it depends on where you live. Usually the company who ownes the original debt sells the debt off to a collection agency for a percent of the original debt. I have seen intenses where the original debt was sold to several different collection agencies. In PA the credit card company/collection agency cannot take you to court unless service was made . That means you have to sign for the Court complaint or an authorized agent must personally hand it to you. Also I have dealt with cases where our clients went to court and a judgment was issued against them and then they filed bankruptcy. Of course if you file bankruptcy under Chapter 7 all of your debt is wiped away regardless if there is a judgment against you |
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iloveyankees20
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they can, but I think it depends on what type of account and how much you owe. they won't waste the money in court fees if you don't owe them very much. |
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frizzle
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Yes, I've had a couple go to collection but only MASTERCARD actually took me to court, had to call them and settle it so they would drop the suit. If you're going to make them an offer start at 50% and DO NOT go up. |
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pda_tech_guy
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Yes they can. If you dont pay they can even have a warrant for your arrest. |
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Peace2All
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Not necessarily, you can request that they cease and desist and that your dept be returned to the holder of your account where the debt was incurred. |
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gregthedesigner
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Not right away, but if you continue to be deliquent, yes they can. If they take you to court it is because they wan't to take part of your paychecks, or take some of your belongings that have monetary value so they can auction it off, and get money for the equipment on your behalf. Those are extreme circumstances, and unless you owe like 10 or 20k, don't worry about court. Collection agencies have bigger fish to fry.
They go to court for permission to take your stuff. |
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kevmend
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depends on the type on loan |
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Cy
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If at all possible, try to work out some kind of payment arrangement with the credit agency. They really don't want to take you to court because it costs them more money and more time. |
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