Question: You should not do it in their mannor because the credit card company has >turned it over to the collection agency, and they are the debtor now, and >they have sold it to antoher one and now another one is the debtor. Expect a >letter saying your being sued very soon!
Answer: unless he owns real estate or has a large amount of money in the bank they will never sue for unsecured debt. All he has to do is dispute the debt to the new collection agency in writing and it goes back to the original creditor. The debtor should check his credit report to see if the original creditor has listed it as a charge off. Since he has no assets he can ignore the crazy collection agents that are probably convicted felons working from prison any god damn way. In other words, when the original poster incurred the debt, his financial situation *would* have allowed him to pay it back, and then that situation changed. Therefore, you can hardly claim that the credit-card company should not have issued him the card on which he incurred the debt.
In a case like that, the honest, appropriate response for the debtor is to attempt to negotiate a payment agreement and/or to declare bankruptcy, not to try to make the debtee go away by making the debt too difficult to collect.
Related posts:
- Road bumps in fixing credit after ID theft
- Credit Reports: Remove old info?
- Consumer Credit Counseling
- Credit question
- can I get bad credit for owing dr. bill?
- Does credit card balance affect credit ratings?
- Consumer Credit Counseling
- Loan Promissory Note question
- slowpoke general contractor got us $6,000!!! (home tax credit)
- Credit card convenience check question
- Help With Medical Bills debt!!!
- Credit card vs loan question