Question around collection agency and antiquated debt? Back in 2000 my dad open a credit card for me. I

Back in 2000 my dad open a credit card for me. I am not denying I ran up the match and fell behind.
The card have been charged past its sell-by date and sold from one collection agency to another. If one of these companies try��s to take him to court, what could begin? Now some background:
He is retired. He is 81 years mature. He doesn��t own a dime to his name excluding a 1970 mobile home.
He is worried about going to sentence to prison because of me. I told him they don��t jail race for debt.
If it goes to court, can I step within and have them frills my check even though it��s not in my dub? Any idea how much they would steal a check? The original match was resembling $8100, and now beside interest etc. they want $12k Plus!
Anyone else had to buy and sell with MRS Associates, INC. They phone up the house once an hour. Lately they have be getting even nastier stating have our attorney appointment their office. We simply purely don��t answer the phone anymore.
Thanks for your advice.

If they take your dad to court, they can garnishing his social security and allowance money. They can also force a sale of his mobile home.

Well, ordinarily those don't get sent to detain. But if he took out the card knowing it was really for you to run up and capture away with not paying, I regard that's considered fraud. Based on his age, they probably wouldn't send him to detain but they could if they wanted to.

Get a loan and pay it past its sell-by date. The collection company owns the loan and has every right to appropriate your father's property.

goto www.creditboards.com and revise about what you can do. DO NOT TALK TO THEM ON THE PHONE.

Tell them not to bid you again, look on www.creditboards.com (which is completely free) for letters to dispatch them to make them stop harassing you.

Tell them not to ring up back they own to stop by law, consequently they will determine if its profitable to sue. I'd be more worried about my soul, if I be you doing this to your 81 yr old father.

Credit Cards are actually unsecured debt. They couldn't force him to sell/forfeit anything he requests to survive, like a house, saloon, social security, etc. If I be you, and that is truly adjectives he owns, put up about $600 and recompense for your dad file for Ch. 7 liquidation. Also, it isn't too old of debt, it usually will be forgiven if no promises of repayment be made and not carried out in 5 years.

In my experience they are adjectives very pushy but when you push posterior and say this is what I can afford they will steal it as a payment so proffer them 100 bucks a month and as far as them putting a garnishee on your dad its pretty hard to do, they could put a lean on his trailer but theres no mode he would go to incarcerate. and as far as offering them 15 cents on the dollar you could try who knows they might purloin it.

The collection agency cannot do a item except ruin your father's credit rating - and since he's 81 years old, I don't deem that will matter much.

Next time they send for - say hello - how can i comfort you - and hang up.

The collection agency get a fee from the initial creditor - if you owe 10k and they can bring 5k out of you for a few calls - they stand to craft about 2.5k - the other 2.5k go to the original creditor. its purely a banks bearing of freeing up their resources.

Let me notify you what I've been going through. I co-signed a vehicle with a childlike couple from my church about 2 years ago. Big mistake. It be a struggle just to find them to make one payoff on time. Honda be constantly calling me about it. This babyish couple was completely irresponsible. Finally, roughly speaking 3 months ago, the oil muted came on but they in recent times kept on driving it until the motor locked up. They had it towed to a repair shop and purely forgot about it. They quit making payments altogether, and didn't even own the decency to share me about it. The subsequent thing I know, a repo company is looking for the motor. And here's the really bad entity - I can't just lift up payments on it, they want the full balance. So, I have to borrow nearly $9000.00 from the bank to reward it off, wage a $400.00 repo fee, consequently pay $80.00 to hold it towed to my house. The young couple is even so to return any of my calls or contribute any help or apology. It will cost in the region of $1500.00 to repair the car, next I'll be lucky to sell it for $6000.00. As you can see, I'm going to lose roughly $5000.00.

Honda told me that if I didn't pay it bad, my credit record would be ruined, and they would still whip me (us) to court. Of course, it wouldn't do any good to bear the couple to court because Honda wouldn't get anything out of them, anyway. And Honda can't rightfully garnish their wages because I am half-owner. They'd own to garnish mine, too.

So, yes, it can enjoy a very denial effect on your dad and you. Shame on you for being so irresponsible.

Answers: You could attempt to negotiate the match, that company you are dealing with is probably member of a consortium of lawyers that buy ripened debts. They're all scumbags.

Please look at the following bankrate knit: http://www.bankrate.com/brm/news/cc/2004...

Take a look at the statute of limitations for open accounts within your state. The clock on this starts the day of your concluding payment on the narrative, so NEVER, EVER send them a dime within "good faith", adjectives that does is reactivate the debt. Hopefully, you're close to being clear of this debt. Click on the Fair debt collections practice connection too, and read about your rights.

Next, transport them a letter, contained by writing, certified mail next to return receipt (go to your post department for this), demanding that they cease any attempt to realize you by phone, and that you will correspond by mail just. Demand validation of the debt too, while you're at it. Don't mention the statute of limitations unless you're certain you are previous it, because you don't want to encourage them to wallet for a judgment to whip the clock.

And there is no debtor's prison contained by America, except for the ones people create for themselves by trapping themselves surrounded by debt so deep they can't acquire out.

Keep in mind, if you're ancient the limitations, they can still make frail attempts to collect on the debt, but as long as you can keep it by e-mail only, basically use their letters to wipe your astern.

As a former Collector let me supply you some steps to take.

First Document or transcript all their call. Let them know they are being record.

Second research the Fair debt collection act. These society are considered third party collector different rules apply to how they are allowed to collect. With a short time research you could have them coming to the table to negotiate.

Although 15% sounds low I might start at hand. and work on a settlement. It is there assignment to get as much money as possible out of your father. It's your living to let them acquire worked up and threaten you or your father while you completely keep your cool.

I'm going through something similar. I have a 4 yr old credit card debt come rear legs to bite me. Like you, they wanted a huge chunk or adjectives within one month. Since I couldn't do that and they did not want to work near me I let it slide.

That is until I come home and had a police man knock on my door beside a summons. Either I pay them everything or dance to court where they will garnishing my salary at 25% after taxes!

I get lucky and mom borrowed the money for me. We paid it today in fact.

But, the thing is, if it's contained by your dad's name afterwards HE will be garnished. I don't estimate he would go to lock away over it. But I would consult a lawyer-they always own some that offer free consultations over the phone. Check the sickly pages and acquire some legal guidance NOW.

I know about the phone call and how they drive you up the wall. Believe me I know how you feel.

Consult a legal representative and go from nearby. It's better to KNOW what you're dealing with so you can stop worrying just about all the possibilities!

I will you all the best of luck. Ignoring the call will not make them run away unfortunately. Get legally recognized advice and run from there.
Maybe you could backing your dad pay for it respectively week.

Then there's always ruin...they will file it for you for around $200. I think it stops adjectives calls and engagements against you. May be your best bet.
Again, good luck! I know how awful it be aware of.

First off, the goverment cannot side dishes your dad's wages. It is illegal for them to accessories Social Security, and yes i know what im talking something like. I work for a finance company within the southeast. now, i know you said that you've talk to other collection agencies in days gone by, but have you tried talknig to the ones who own the debt presently? i know that when we file endorsed, we do whatever it take to have the customer pay envelope us back, even if they can individual afford 20 bucks a week. i would try and talk to them directly, but if that doesnt work next perhaps ruin is the best choice for your dad. his credit is already ruined, because of this, so it wont hurt him that bad, it does cost a few hundred dollars, but it seem to be worth it in the long run. once hes file and has a satchel number, and ya'll have notify the collection agency that he is filing later they cannot contact you about the debt again, unless they dont recieve the payback check (chapter13). if you choose to record chapter 7 (choosing not to pay any debts back) after once they receive the papers from the courts, the debt is a write off. and they cant harrass you anymore. angelic luck!!