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mayopam9
Jun 19, 2008, 11:00 AM
Are there any federal gov. collection agencies? I live in South Carolina and a collection agency called me to say I had to pay this debt in 90 days or she would garnish my wages, she said she was with the federal government and could do this. The loan was not a government loan it was through a bank for a 2007 dodge caliber car that, unforntunately, was totalled last September. The insurance paid $17514.00 and it left me owing $2700.00 I did not have Gap insurance. I needed another car to go to work so I asked the bank if I could pay the remainder of what I owed at $150.00 pm they refused, because the car was totalled. I can not make 2 car payments of $400.00 pmonth, so my loan went into default and was turned over to a collection agency Help!!

N0help4u
Jun 19, 2008, 11:06 AM
Did they give you an 800 number?
They will use tactics like saying they are a law firm or with the government
If they gave you an 800 number type it in here and see what others have to say

http://800notes.com/

mayopam9
Jun 19, 2008, 11:11 AM
No it wasn't an 800 number it is a collection agency in mariette ga

N0help4u
Jun 19, 2008, 11:12 AM
The collection agencies that come after me have 800 numbers.

mayopam9
Jun 19, 2008, 11:26 AM
I typed in the number on the 8oo # website and it showed as Focus Rec. managements

progunr
Jun 19, 2008, 11:32 AM
They are making threats that could be determined to be in violation of the FDCPA.

They will have to sue you first, obtain a judgment, and then they would be able to garnish wages if allowed in your state.

Here is a link to your rights.

Unfortunately, your failure to purchase gap insurance has left you in a bad position. Should they decide to take you to court,
The chances that they will prevail are very good.

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre27.pdf