Comments for Brent's Credit and Debt blog

Comment on How Long Can Debt Collectors Come After Me? by admin

admin — Mon, 26 Mar 2012 20:01:52 +0000

Hi Jesse,

Since they got the judgement against you, they have 14 years to collect on the debt. In addition, they will add interest to that amount based on the court order.

After the 14 years, they can just renew the judgement for another 14 years. So you can expect the debt to be there forever.

They will probably try to get a garnishment order against you so that they can take money out of your bank accounts if you don;t pay them. Your best bet is to call them and get a payment schedule set up. You can ask them to waive some of the interest, and not charge you more interest, and see if they will do that for you, but with a court order they don’t have to.

Unfortunately, once the court has decided against you, there isn’t a whole lot you can do other than pay off the debt.

Good luck!

Comment on How Long Can Debt Collectors Come After Me? by Jesse

Jesse — Fri, 02 Mar 2012 02:11:03 +0000

I live in N.J. I have a credit card debt from Cap.One
for some books that I was going to learn a trade .But
after buying the books they went from $200 to $600
after fees that I was NOT told about . After calling them about the fees they said I’ll have to paid them the total
of $600.So I returned the books back but that still said I owe them the $600.I DID NOT PAID THEM .This was back in June of 2006 .A year of them trying to make me pay they put me in collection,I did get suit by them and
they took me to court I was out of work did NOT go to court.they got a jushment and added cost to the bill.It’s now
up to $1200. AS of this year they are still sending
me notics HOWEVER I have since moved and have NOT talked to them BUT they still send me notes (REG.LETTER) to go to court …I would like to know how long can they go after me in the state of N.J. ???
( I have move to PA. but came back to N.J. after 2 yrs.)
Please let me know. (BY THE WAY I DO LIKE YOUR
GUIDES) Thank You …..Jl

Comment on How Can I Stop Collection Calls? by admin

admin — Tue, 25 May 2010 02:01:37 +0000

Hi Bruce,

The FDCPA only covers collection agency, although most credit card companies abide by it.

Brent

Comment on How Long Can Debt Collectors Come After Me? by Crosby Reyes

Crosby Reyes — Mon, 24 May 2010 12:15:55 +0000

Good info here, I’ve come across a few pages now with similar info. I am currently trying to get debt free, so pages can be a real help.

Comment on How Can I Stop Collection Calls? by Bruce

Bruce — Sat, 22 May 2010 03:47:36 +0000

Is the FDCPA Law for Collection Agency (3rd party) only or does it cover the actual credit card company that is calling you direct?

Comment on Credit Cards and the Law – New Law Gets Rid Of Universal Default by Barry

Barry — Fri, 14 May 2010 13:54:28 +0000

Good information, take note and get out of debt.
Barry

Comment on How Can I Stop Collection Calls? by London Harney

London Harney — Tue, 11 May 2010 11:58:33 +0000

Really appreciate you sharing this blog post.Really thank you! Really Cool.

Comment on What Is The Statute Of Limitations For My Credit Card? by A California Girl

A California Girl — Fri, 23 Apr 2010 17:04:58 +0000

What is the SOL in California?

By the way, I found it very entertaining the that Statute of Limitations’ abbreviation is SOL; as in “the credit card company will be SOL in 6 years.”

Thanks!
A California Girl

Comment on Credit Cards and the Law – New Law Gets Rid Of Universal Default by fran

fran — Sat, 27 Mar 2010 15:01:07 +0000

this happened to me. no late payments in 20+ yeas. was late with one payment. And i sent it usual time but mail was late and FIA Credit services on another card, not the late one raised me from 11.9% to 29.9% across the other 2 cards i had. so any news on how i can lower that back down?

Comment on The Top Five Reasons To Check Your Credit Report by Stephanie Treasure

Stephanie Treasure — Thu, 11 Feb 2010 21:52:43 +0000

I am actually scared to death to check mine. #1, I know my credit is in the toilet, but I am afraid to find out how deep in the toilet. #2, I view it as one of those weird fears, like a fear of public speaking. Nothing bad is going to happen to me if I check (the damage is already done) but I just prefer not to know. I ordered a free report about mid to late last year. I received the envelope, looked at it to verify it was my report and filed it. I guess I need to go take a look very soon even though its probably already outdated.