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Question
TODAY I RECEIVED A CALL FROM SOMEONE STATING HE WAS FROM THE ABOVE OFFICE AND THEY WERE GOING TO SUE MY HUSBAND REGARDING A CAPITAL ONE ACCOUNT. ABOUT A MONTH AGO WE HAD ANOTHER LAW FIRM STATE THE SAME THING SENT A SETTLEMENT LETTER AND NEVER DID THEY RESPOND. NOW THIS WHEN I RECALLED THE NUMBER I FOUND THEY WERE A BOTTOM FEEDER DO I WAIT FOR MORE NOTICE:
If you receive notice of a debt you should dispute the validity of that debt under the Fair Debt Collection Practices Act. This is federal law. If they cannot verify the debt you shouldn't hear from them again. If the do verify it you should send a cease and desist contact letter by certified mail. Once received they cannot continue to call.
Check the statute of limitations law for your state and don't panic, things aren't always as bad as they seem.If you receive a summons you have the right to defend yourself. Make sure if you do talk to them by phone you record the conversation (if legal in your state). If you catch them violating the fair debt collection practices act file a complaint with the Federal Trade Commission and your state Attorney General
Fear not
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Answers by Expert:
Michael Brotherton
Expertise
Consumer/Debtor Rights Advocate. Mike Brotherton is a negotiator with over 30 years experience in consumer lending and collections. Mike has 30 years in the credit and collections industry as a former loan officer, debt collector and manager of two finance companies over several years. Mike is well versed in Loss Mitigation practices and the legal collection process. He has helped literally thousands of people over many years overcome serious financial problems such as foreclosure, creditor lawsuits and abuse by debt collectors. For more information about resolving your "financial emergency" visit www.financialemergency.com. FinancialEmergency.com is a consumer web site which actively promotes Fair Debt Collection Practices and other consumer protection laws. We teach DEBTOR RIGHTS and enforcement of those rights. The more informed you are of your rights and the credit collections practices of creditors the more peace you can have dealing with your FINANCIAL EMERGENCY. Most financial problems are fairly common and as such have some very common solutions. The key is understanding your rights in the collection process and how to enforce them if need be. Primary business- Debtor Rights Advocacy and Debt Mitigation relating to foreclosure, creditor lawsuits, and other serious financial problems. www.financialemergency.com (copy and paste in browser).
Experience
Over 40 years combined experience negotiating disputes and resolving financial issues related to consumer debt, corporate issues and mortgage modifications.
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