Colllection of 3rd. party/discharged bankruptcy debts
Mon, 05/23/2005 02:38
My sister; who is trying to start a new life in AZ., has been tracked down by an out of state firm, threatening court action, if immediate payment is not forthcoming on credit card debts that she feel's... Were Not hers, or were part and parcel of her ex- husbands NJ bankruptcy filing. The company did NOT state they were "Purchased Accounts" which the credit report says they were, but the did say the cards were from 1980... NO paper confirmations, copies of signature cards or anything was supplied. Shoul she ignore the threats or what? She is affraid they will contact her (little)JOB and she will lose it. Thanks for any insight!!!!
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.