Debt Help Services

Posts Tagged ‘collection’

Question: I sold a company in 2002 and told the vendor to change all accounts over to the new owners.?

In 2007, one of the vendors contacted me via their attorney that a debt to my old company name had gone unpaid and because I had signed a guaratee on the account in 1995 I was liable. I sent them documents showing the bill of sale, assumed name certificates of the new owners, a copy of the letter closing my account. I also requested the guarantee that I signed as well as their unpaid invoices, and other documents where they had sold equipment to the new owner (without my signature). Several months went by and they sent me nothing and filed a lawsuit against me in their home county 125 miles away. The debt is $4000 and any lawyer I spoke to said his fee would far exceed that amount to defend it. I believe this is their game, hope I will pay it rather than fight. If anyone knows business credit collection laws in Texas please advise me as to what sections of the statutes they are violating. I intend to defend myself in the courtroom and need all the help I can get.
Thanks

Answer: Do you have proof you told them to close the account? That should absolve you of any liability for the charges. Show up in court with those and you should be good.

Your problem? If you don’t have some sort of receipt or acknowledgment, they can always claim they didn’t receive the letter closing the account. In that case you might need all the paperwork you can muster, proof of the sale, perhaps other letters to other vendors WITH acknowledgment, anything at all that establishes that you were no longer involved with the company beyond 2002.

Service Corporation International Announces Second Quarter 2010 Financial Results and Increases Cash Flow Outlook for …

Service Corporation International , the largest provider of deathcare products and services in North America, today reported results for the second quarter 2010. Â Our unaudited condensed consolidated financial statements can be found at the end of this press release. Â The table below summarizes our key financial results:

Bad Business = Good Business For Debt Collectors

Question: Do I need to sign my letter of dispute to the debt collection agency?

I found several sample letter to dispute an alleged debt by a collection agency. However, I found one sample that advised not to sign the letter; it says that a collection agency may forge your signature on other documents that I have never seen. Now I am afraid to sign but, if I don’t will the letter still be valid?

Answer: NEVER sign a DV letter to a Collection Agency!!! (Debt Validation)

You do want to send the letter CMRRR (certified mail, return receipt requested)

Keep a copy of the letter for your records & all receipts from the Post Office regarding this, including green signature card when it is returned.

Reminder Debt Collection Letter

(Con)census building? Tory decision sparks anger, study

Bank of Canada to evaluate impact. Plus, how Europe’s crisis will affect Canda

How to Deal with Collection Agencies in Alberta

Question: I received a summons from a collection agency to collect a debt but they listed capital one as plaintiff??.?

I got a summons taped on my door today which listed capital one as the plaintiff but this is from Rubin & Rothman, LLC. At the bottom it says that “this communication is from a debt collector”.
i was reading on this website that this is concider fraud? What should i do?

http://www.creditinfocenter.com/wordpress/2008/07/30/debt-collectors-suing-consumers-naming-capital-one-as-plaintiff/

Answer: Go to court or they may get a judgement in your absence. Looks like Capital One is saying you owe them money. Make sure you request, from Rubin and Rothman, a copy of all original contracts and documentation on which they are relying to support their client’s claim that you owe money, such as the application you signed for the card. Make sure you really owe what they say. Good luck. Does not look like you are dealing with a fraud issue. Speak with an attorney or call a public legal aid organization in your area.

IT budgets pointing to the cloud, expansion

Computerworld – When debt collection agency Deca Financial Services, LLC was formed last year it had two IT paths: It could buy its own servers, software licenses, and hire an administrator, at a total of cost of about $700,000; or turn to a cloud provider with first year cost of about $60,000.

Make Bill Collectors Stop Calling and Put An End Debt Collection Harassment

Question: Help! No money, no job, credit card company keeps calling and sending letters about collection.?

I’ve been unemployed for a little over a year. Unable to find a job, think my previous employer (state of Illinois) might be black-balling me. (Anyone know how to find that out for sure?….and what to do about it?)..Any way, I’m over $13,000 in debt to a major credit card company…..also owe aprox $5500 on a personal loan through a financial institution. The credit card company calls just about every day. I explained my situation to them from the beginning, but it didn’t do any good. Now I just don’t answer the phone. They’ve sent three letters saying they will turn me over to their attorneys, or place my account with a third party for collection. I have no money whatsoever or I’d file bankrupcy. Had great credit up until I lost my job. Is there any way out of this mess? I also have insulin dependent diabetes (for the last 20 years) and depression and can’t get on any government assistance except foodstamps if that factors into anything. Thanks for all serious answers.

Answer: for your credit problems go to your local credit counseling service, most states have gov’t programs to help folks in your situation. there’s not much you can do right now about the credit card company calling you every day, it’s within their rights to call you to collect money you owe them. the credit counseling service may offer some suggestions for you to help deal with them though.

as far as affording your perscriptions try going to www.pparx.org… they can help you find assistance for your medications.

now for your previous employer situation, contact the bureau of labor and industries for your state and talk to them about it. if your employer is in fact black balling you, this is discrimination, it would be very hard to prove but if BOLI contacts your previous employer with these suspicions then they may stop so they don’t get in trouble.

good luck.

Anchor Funding Services, Inc. (OTC Bulletin Board Symbol “AFNG.OB”) Reports Entering Into a Memorandum of …

Anchor Funding Services, Inc. announced today that it entered into Memorandum Of Understanding with the Minority Members of its 80% owned subsidiary, Brookridge Funding Services, LLC .

Invoice factoring UK. How a factoring facility can improve your cashflow.