Discussion Topics Below
RE: Action Collections
May 24, 2013 Post By: - TJ.brooks
Again how old is that?
I have no idea when car was repoed and 6 mths after.
RE: Action Collections
May 24, 2013 Post By: - clivepa
It was a car loan. I started making payments about six months after the car was repossessed, when they had disposed of it and worked out what was left owing. I have no issue ....
RE: Terms of Settlement Hear...
May 24, 2013 Post By: - Maverick843
Well, were he to award interest plus legal fees, on top of the $14 700 I owe, it could be in excess of $17000+. And if that being the case, it's hard for me ....
RE: Terms of Settlement Hear...
May 24, 2013 Post By: - TJ.brooks
No they generally will leave the principal amount alone but reduce the interest that has accumulated. Any amount awarded will also include an interest rate of anywhere from 4 to contract rate plus court ....
RE: Terms of Settlement Hear...
May 24, 2013 Post By: - Maverick843
This is good, it's helping me develop insight as to their psychology/strategy going into this thing. In regards to your previous post, hypothetically, were we not able to work out an agreement at the ....
RE: Terms of Settlement Hear...
May 24, 2013 Post By: - TJ.brooks
I have seen rulings for as little as 20 bucks a mth.
Depends on your means to pay.
Assuming they can prove the debt the outcome will be a judgment against you.
Having said ....
RE: Terms of Settlement Hear...
May 24, 2013 Post By: - Maverick843
So regardless of the outcome at a trial, it is rendered as a "judgement"? And does that strategy fit in with them taking it to trial and letting a judge dictate terms? And if ....
RE: Action Collections
May 24, 2013 Post By: - TJ.brooks
Exactly how old was this debt before you started making payments to them?
What kind of debt was it?
RE: Terms of Settlement Hear...
May 24, 2013 Post By: - TJ.brooks
A judgment remains on file for 6 yrs.
If you come to no agreement at this meeting it goes to trial where a judge will issue a judgment.
RE: Action Collections
May 24, 2013 Post By: - clivepa
These people are the worst C/A I have ever dealt with, and I've been doing everything they wanted me to. Even so they are ruder, more aggressive and way more harrassing than agencies I've ....
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