Hi all,
I have read several pages of the Collectcorp forums. Although our situation is slightly different I am sure I can get some great advice from you folks. My wife and I met in 1995 and in approximately 1996 my wife had gotten a Mastercard through Canada Trust in her name prior to our marriage. We made our payments through the years and were married in 1999.
I was in the U.S. Navy and stationed onboard submarines. Needless to say once married I took orders to a boat out of Hawaii and we had our first child. She had to quit her job to care for our boy and her student loans and mastercard payment had to give. As a lowly enlisted sailor I wasn't making enough money to provide for everything and we prioritized. We moved several times and after a few years I lost track of the creditors and they lost track of us.
Fast forward to the present recently (spring 2009) we took out a loan from Wells Fargo so I could attend a school. Wells Fargo pulled my wifes credit report ans saw a debt reported for $3800.00 and another for roughly $6000.00. We immediately new what they were and used our savings and income tax returns to pay off the $6k for the student loan. Wells Fargo wanted us to pay off our collections with a portion of the loan. After several phones calls I learned that the debt was sold several different times ultimately ending up in the caring hands of our friends at Collectcorp!
I contacted collectcorp with the intention of making a settlement on this 10+ year debt. I offered $2000.00 with the stipulation that I recieved a letter from Collectcorp stating the debt would be considered settled upon reciept of the 2K and that I needed an answer that the amount was in agreement in 2 days time or I would use the money to take care of other debts.
The two days came and went with no word from Collectcorp so the money was used elsewhere. Approximately 5 days later I recieved a call from Andre Arias at Collectcorp indicated the settlement was accepted all I needed to do was send the money. I informed Andre the 2 days had lapsed and the money was no longer available. This is where things go south! They began with the harrassing phone calls completely filling up our voice mail. After a couple of weeks of leeting them brew this over Mr. Arias and I were able to speak on the phone again and he immediately began with the guilt tactics.
I informed hime that he knew what my stipulations were and that he failed to meet the time conditions of the arrangement. I then informed j=him that this was a 10 year old debt and that soon enough it would have to go away anyway, but I would be able to pay $1800 dollars to settle. They told me the answer was "NO" and that now I had to pay the amount of $6800. I told him that the credit report said we had a collection account in the amount of $3800 and did not owe anyone 6800 and hung up.
Since then my wife has recieved several phone calls at her place of work and she has repeatedly told them to stop all calls to her place of employment. So they rotate who calls her at work now ( never the same person twice). Recently she has been recieving calls from people representing Noel Daley and associates stating that they are filing a judgement and they are calling for due dilligence. Now that you have a condensed version of our story, here are my questions. By admitting we had a debt and trying to structure a settlement did we risk losing stas barred ( I recently discovered we may have been)? Secondly can they really file for a judgement on a debt this old? To be honest my discussions with theese people have been very unpleasant, and they constantly lie ( shocking right???).
I don't intend to pay them a dime unless I absolutely have to as the damage to our credit report has already occured and we've weathered the storm so to speak. Any advice would be great. These people don't scare me and they can't play mind games with me as they mean nothing to me. Once again your advice would help me determine just how far they can actually go! Thanks.
Topic Options
Post Options
Thanks(0)
