Debt Consolidation Forums Collection agencies and creditors forums
What do I do if CACH LLC comes after me for an old credit card debt?
Thu, 08/14/2008 04:46
So I had a credit card in college that I never paid off. I've let it ride for three years now with a total of $3500 unpaid. I just got a copy of my credit report that states that a company by the name of Cach LLC has the debt. This is apparently the notorious Collect America outfit and their branches of lawyer hooligans scattered about. I have not received any formal correspondence from them, that I know of. I have been reading about what to do and it seems that I have a few options but I don't know what will work. I want to pay this off, over time, but I don't want to get wrapped up with legal actions or a bogus company that will not take payments from me. Also, I don't know if they bought the debt or if they are "holding" it for Chase. I did have papers served to me back in '05 directly from Chase about the debt. Never responded. Now what to do? Contact this bogus company with a DV? I have read that once people have done that they have been taken to court immediately. Do I contact Chase first and try to make arrangements? Do I just keep my mouth shut and hope this goes away? I really could use some help here. Very confused..... Thanks for anything you could help with