I’m new here but have been lurking for a few months. I just read this dave ramseys book on the total money makeover and Hubby and i are more than ready to pay off old debts. I looked over my credit reports from last summer but have lost some of them and I want to get another credit report so will do so on-line….we are about close to five thousand dollars behind in old debts. I saw on the credit report that i still owe for an old cell phone from back in 19n95! I did pay the credit collector but never kept the receipt and got another bill for the same account and paid it again and then realized i already paid it. Why is this still shoing up on the credit report? It was a bill that came in the mail from a collection agency. Are all of the credit collection agencies legit? I am worried now about who i sed the bills to. When i get the new credit report, should i just look on it and call a phone number to see who i would send the payments to or what? Thanks for any help you can give. I so excited about paying off old debts and becoming debt free but who to pay has me nervous right now.
Look up “debt validation” on Google. Before you ever pay one of those collections, you need to take steps to ensure that they can offer you valid proof that you owe the bill. Try to pay the original creditor if you can. Pay a collection agency as last resort. Be prepared to be very, very organized on these things – if you have your ducks in a row, you will often find that it really pays off. Watch the video below to learn more about debt validation:
I have a question for everyone. I am so scared right now. I got a letter last week from a lawyer stating that I am being sued by Citibank. I called my life insurance co. to cancel the policy and get the cash to pay them off (i have other life ins and no dependents or spouse). but the next day i received a summons for court in 4 days from now. They did not give me enough time to fill out the paperwork and get the money. Has anyone had to go to court after a judgement was issued. Please tell me how you did it. I am sick over this. I will have the money in full once i get the check from the ins co. 5k.
Unfortunately, hubby and I went through this just recently. The big thing to do right now is not panic. Show up at the hearing with copies of your bills and your pay stubs. Explain that you will be paying off the debt when the expected money comes in. The judge will probably give you a continuance or something to allow that to happen.
It’s really important to show up and be honest. If you don’t, Citibank will get an automatic judgment against you and they will garnish your wages.
I can’t really help, although I am sure there are people in this blog that can help you. I was served with papers that stated a judgement had been filed against me several months ago. However, nothing has happened since then, and I have received no court papers. I know there are ways to vacate judgements…..it sounds to me that it may be a good time to retain legal services or to call legal aid….. things may not be as dire as it now seems… I am surprised that you were only given four days after receipt of the papers… I just wanted to say that these type of things ARE so scary and that is why I like having the Debt Steps group available to me…
but I think talking to an attorney about your situation may ease your mind and give you options….they aren’t going to throw you in jail, and they would probably rather have your money that have you file for bankruptcy…. anyhow, I know I am not much help but just wanted to say I feel for you and I hope it all works out and that you can get through this….Okay?