Credit Card Debt Relief Rights
i think an older relative has been duped by a credit card pay-off scam. what do i do?
paid 5000.00 up front and 60.00 per month. so now that she has paid them she is being sued by her credit card companies. this company is receiving 1000.00 per month from her to “hold” until her credit card companies will accept a payment. doesn’t sound right to me. what do i do and where do i start to get her out of this mess. she does not live in the same state as the credit card relief people which are a “law firm” money is deperate right now and i am afraid she got into something that wont work. now she has an attorney for the lawsuit—which is different than the debt people.
First and foremost stop all transactions with this payoff company. If i understand you correctly, you paid 5K and 60 a month and then another 1K per month. What are those fee for? How much debt is there?
Anything they can do you, you can do yourself. There are many ways to deal with your creditor and simple ways to get the to stop the lawsuit for a little while about a month or two. This will give you a little time to get things in order. There are also way to get these these items remove completely. You have to know your law. The cc companies have teams of lawyer on there side, until you use the law you will not get anything accomplished. All creditor and collection agency have to abide by the FCRA and FDCPA. They both know these law but most average joes don’t. Depending on who is actually suing you, you sent out either a 623 letter or a Debt and Validation letter. This will give you at least a month or so before they can do anything due to the fact the law states they must not contact or take any action against you until the results of the investigation is completed. Once you send them this letter they have 30 days to respond. If they don’t respond they are required to remove the debt. By understanding the law you can prolong this for quite some time. he other fact is that if this debt is older you may have even better odds of getting it removed. A lot of these companies purge the records every couple of years. If they can not prove the debt belongs to her they have no legal aspect to try to collect.
I do want to say that it is to hard to tell you exactly what to do on a answer site like this. Depending on who holds the debt and what the circumstance are regarding the debt would dictate what you course of action should be. Things like is the Original creditor holding the debt, or a collection agency, is the debt SQL(out of legal time frame for you state,) how much is the debt, is the company willing to accept a PFD(Paid for deletion) and so on.
I can point you in the right direction if i knew a little more about the debt. I had something like this happen to me and I was able to resolve it. If you want more info on this, email me from my address in my profile, the only reason being I would want you to post that kind of info on an open forum and it is going to have to take a few emails to get you the right info.
Hope this helped
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