I do not live at the address they have on file, can they sue me if they can't find me to serve me?
The explaination for why I have not paid the debt is very long...but to summerize the situation. I disputed the debt, the original amount owed was 00. They are now requesting 00. I have tried to negotiate with them, they would no accpet payments. I just graduated college, and with my student loan payments, I can not afford to pay off the debt. Like I said previously....they are not willing to work with me.
It has been with a collection agency for over a year. I just bought a new car and I got a great interest rate. I have been able to acquire new credit, so I'm not really worried about that aspect of it. I used to work for a debt management company, so I know quite a bit. But I have heard there are ways to avoid being sued. I know if they can not serve you, they can not sue you.
00 grows to almost 00 when a credit card company increases your interest rate from 10% to 27% without notifing you. I had made no late payments, the credit card company claimed they sent out a notice for me to accept or decline the new rate. Yeah....and who in their right mind would accpet such a rate. I closed the account after speaking with multiple reps about the problem. I began setting up a payment plan with them, I was then informed that they would not set up the plan because I used my card within the last 3 months. Of course I had, since I was making payments on-time and everything was fine until the drastic interest rate increase. From that point the problem spiraled downhill, when I did try to make arragements, they wanted me to pay off the whole debt, which I could no do. They harassed me about borrowing money from family members I do not have. And when they sold the debt to the agency, they sold it for over 00, with that 27% interest still acruing, the debt
debt is nearing 00, let us not forget about the credit card company adding over limit fees, late fees, and misc charges after i cancelled my account and telling me I could not make payments with their payment plan.
As far as going to court and proving my case...based on what I have seen happen to other people, the effort is rather futile.
My current plan is to let them eventually find me. No they have not yet even tried to serve me. Still threatening to take me to take legal action....none has been filed.
I intend to lay low for as long as possible, and when they do find me I will try to negotiate with them. That usually stops the legal action for a while. If they give me a good deal, and I have the means to pay it off I will. Otherwise, I will notify them I plan to file bankruptcy. This also usually quiets them for a while, because they dont want to waste money on legal fees if they thing the person will file.
Thats the case...its not that I just won't pay!!!Tags: debt, debt management company, negotiate, legal fees, served, limit fees
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