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Old 12-07-2006, 10:39 AM   #1
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Someone knows the law about credit card debt?

I got a call from some collection agency/lawyer firm whatrever, they want me to take care of some debt (around 6 grand) and i told them i would pay them 50 bucks a month, they told me that was unacceptable, and told me to think "about what may happen, you are a homeowner in texas, right?"

Can they legally put a lien in my house/take it from me? it sounds ridiculous to me, maybe the ****er is just bluffing, but does someone here knoes the law about that?
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Old 12-07-2006, 10:44 AM   #2
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they cannot take your home from you.
But they can take the money you owe them from the sell of your home if you sell it.

tell them to off.
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Old 12-07-2006, 10:46 AM   #3
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Quote:
Originally Posted by HotChickenStrips
I got a call from some collection agency/lawyer firm whatrever, they want me to take care of some debt (around 6 grand) and i told them i would pay them 50 bucks a month, they told me that was unacceptable, and told me to think "about what may happen, you are a homeowner in texas, right?"

Can they legally put a lien in my house/take it from me? it sounds ridiculous to me, maybe the ****er is just bluffing, but does someone here knoes the law about that?

SEE WWW.DAVERAMSEY.COM

for help in this matter.
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Old 12-07-2006, 11:13 AM   #4
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Quote:
Originally Posted by HotChickenStrips
I got a call from some collection agency/lawyer firm whatrever, they want me to take care of some debt (around 6 grand) and i told them i would pay them 50 bucks a month, they told me that was unacceptable, and told me to think "about what may happen, you are a homeowner in texas, right?"

Can they legally put a lien in my house/take it from me? it sounds ridiculous to me, maybe the ****er is just bluffing, but does someone here knoes the law about that?
nope, just using the scare tactics, tell em you are a home owner and he should come visit and chat some about his tactics.
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Old 12-07-2006, 11:14 AM   #5
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SEE WWW.DAVERAMSEY.COM

for help in this matter.
excellent! I too am debt free because of his course except for my hacienda
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Old 12-07-2006, 11:15 AM   #6
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nope, just using the scare tactics, tell em you are a home owner and he should come visit and chat some about his tactics.
+1
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Old 12-07-2006, 11:17 AM   #7
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Quote:
Originally Posted by ScooterTrash
excellent! I too am debt free because of his course except for my hacienda


so i'm not the only one here....
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Old 12-07-2006, 11:18 AM   #8
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Quote:
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+1
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Old 12-07-2006, 11:18 AM   #9
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Quote:
Originally Posted by CarbonR1
SEE WWW.DAVERAMSEY.COM

for help in this matter.
I heard about this guy before but how can you be debtfree and spend your money responsibly when paying $90 + on that kind of stuff?

I mean, is it REALLY worth it?
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Old 12-07-2006, 11:27 AM   #10
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money management.
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Old 12-07-2006, 11:29 AM   #11
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ohh, and don't get yourself into that situation to begin with.

like the kid on here who was posting that AMEX increased his credit limit to something like 15 or 18k. dont even get into the position, no matter how nice that C.C. may seem to be when you get it out of the mail box, rip it in half and trash that hoe.
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Old 12-07-2006, 11:30 AM   #12
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Or... Only load up what you can pay off by the years end.

Depending on % rate
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Old 12-07-2006, 11:30 AM   #13
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I'm thinking on stopping by barnes and noble and buy his book. I, too heard good things about this guy, i think that should be my resolution for the new year, be money responsible.
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Old 12-07-2006, 11:34 AM   #14
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I'm thinking on stopping by barnes and noble and buy his book. I, too heard good things about this guy, i think that should be my resolution for the new year, be money responsible.

amen brotha! i think im going to do the same.. start saving more and investing more... stop buying so much ... (except for phiddy parts:laughing6 )
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Old 12-07-2006, 11:34 AM   #15
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I bet you are going to charge the book....
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Old 12-07-2006, 11:49 AM   #16
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I bet you are going to charge the book....
:laughing6

i'd rather buy it for you to read than for you to charge it! then you can give it back to me.
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Old 12-07-2006, 11:55 AM   #17
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i'd rather buy it for you to read than for you to charge it! then you can give it back to me.
I will take one please!
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Old 12-07-2006, 12:27 PM   #18
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If you're really concerned about what a collection agency (they pose as law firms quite often) can and can't do in Texas, talk to a lawyer.

For the most part everything they do and say is all about getting you to agree the debt is yours and getting you to agree to pay it.

There is a statute of limitations on debt collection. I believe its 10 years, so that once a debt is 10 years old or more they cannot legally force you to pay it in any way. That doesn't mean they'll stop attempting to collect it or put it on your credit reports. You just have to challenge the things on your reports with the bureau's and send the collection company's cease and desist letters.

There is also a fair debt collection act that the federal government passed and all the collection agencies are supposed to follow it, but they love to bend the rules!

If you have no intention of paying the debt, don't ever admit that its yours and never offer to pay them anything cause that resets the timeframe of when the statute of limitations begins. Normally it starts on the day of the last activity of the account but in your case its now reset to the day you agreed to pay that collection company $50/mo. If you don't intend to pay it don't talk to the people that call, ask for their mailing address so you can mail them a cease and desist letter.

I've never heard of anyone actually getting proceeds from a home sale being garnished for debt collections, maybe if it were a student loan or something like that.

I've dealt this for years after my divorce from my first wife, when she ran up a bunch of cards and didn't pay. I ended up paying most of them all off over the years as most collection agencies will settle for $.50 on the dollar or less if the debt is several years old. I paid them off just to be done with jacking with these jokers and one lender on buying one of our houses a few years ago wanted the bad stuff paid off so we did it.


There is a lot of info about this on the web for FREE on how to deal with debt collectors. Just have to search, there are even form letters to send collection companies and credit bureau's etc. Just do a little googling.
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Old 12-07-2006, 01:30 PM   #19
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Tell em you never owned a credit card in your life. Didn't you just become a citizen?
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Old 12-07-2006, 01:35 PM   #20
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Quote:
Originally Posted by issanni
If you're really concerned about what a collection agency (they pose as law firms quite often) can and can't do in Texas, talk to a lawyer.

For the most part everything they do and say is all about getting you to agree the debt is yours and getting you to agree to pay it.

There is a statute of limitations on debt collection. I believe its 10 years, so that once a debt is 10 years old or more they cannot legally force you to pay it in any way. That doesn't mean they'll stop attempting to collect it or put it on your credit reports. You just have to challenge the things on your reports with the bureau's and send the collection company's cease and desist letters.
There is also a fair debt collection act that the federal government passed and all the collection agencies are supposed to follow it, but they love to bend the rules!

If you have no intention of paying the debt, don't ever admit that its yours and never offer to pay them anything cause that resets the timeframe of when the statute of limitations begins. Normally it starts on the day of the last activity of the account but in your case its now reset to the day you agreed to pay that collection company $50/mo. If you don't intend to pay it don't talk to the people that call, ask for their mailing address so you can mail them a cease and desist letter.

I've never heard of anyone actually getting proceeds from a home sale being garnished for debt collections, maybe if it were a student loan or something like that.

I've dealt this for years after my divorce from my first wife, when she ran up a bunch of cards and didn't pay. I ended up paying most of them all off over the years as most collection agencies will settle for $.50 on the dollar or less if the debt is several years old. I paid them off just to be done with jacking with these jokers and one lender on buying one of our houses a few years ago wanted the bad stuff paid off so we did it.


There is a lot of info about this on the web for FREE on how to deal with debt collectors. Just have to search, there are even form letters to send collection companies and credit bureau's etc. Just do a little googling.
it's 7 years and after 7 years they can still call yo uon the debt but the debt comes off your credit report unless you pay it then it's put back on but why would you do that. and it's 7 years since the last action on that said account.
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