You are here:
Collections Law/Repo
Advertisement
Question
My car was repossessed three years ago and now I have $6K deficiency balance. I tried working with the company but they want me to pay the account in full and have sent the account to a new collection agency. I can not afford to pay it so I pay a little something every month. My question: Since I am making payments will the company be able to sue me? The last time I spoke with collections they said they would sue me if I did not pay the account in full. They also said I could not contact the original creditor. Please advise.
BeBe,
Yes they can file suit against you for non payment. Once an account is placed with a 3rd party company it's almost impossible for the consumer to contact the original creditor. We have a program that specializes with this exact situation, in the event they do file suit you can use our network to file responses and motions.
Visit OntrackFinancialGroup.com for more information
Related Articles
- Can I Boost My Credit Score by Paying Off Old Debts? - How Can I Improve My Credit Score?
- Paying Collection Accounts - Tactics For Paying Off Debt Collections
- Debt Management Company Watch Outs - Debt Settlement - Debt Consolidation
- Debt Settlement - The Dangers of Debt Settlement
- 5 Ways to Deal With Past Due Accounts
Answers by Expert:
Ontrack Financial Group llc
Expertise
With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority. In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitude and aptitude to truly assist our clients. Ontrack Financial Group llc is that company! With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process. Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint. Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.
Experience
Please read about us at Https://www.OntrackFinancialGroup.com
Education/Credentials
Banking & Finance
©2012 About.com, a part of The New York Times Company. All rights reserved.