Ask Experts Questions for FREE Help !
    rufusrao's Avatar
    rufusrao Posts: 1, Reputation: 1
    New Member

    Mar 11, 2005, 11:12 AM
    Nasty debt collector
    I owe a large CIBC Visa bill, in which they have cancelled me collections and I sent CIBC 6 post dated cheques for $250.00@ for the 15th of each month. I am unemployeed and have other debts as well. I received Unemployment insurance and when I explained this to the collection agency they advised that he was going to seize my property,unless I come up with $9,500.00 now and he was not interested in a payment plan and if I did not come up with the funds now then he was going to garnish my assets and take me to court. I explained that it was impossible due to I have another debt with CIBC and he said he would take my house and called me a looser and told me to go out and prostitute myself to get the money or else. I understand I owe the money and I am trying to pay back everyone,I am not renaging on my debts nor do I intend to take a settlement as I feel I owe the Money, I used the card and finance and fairs fair,why should everyone else pay my debt through high interest rates. However what are my rights. I cannot come up with that amount of money, nor should I feel threaten by this man. Please help and advise.
    walt17's Avatar
    walt17 Posts: 335, Reputation: 28
    Full Member

    Mar 11, 2005, 04:28 PM
    Regarding your legal options I would suggest you try to locate a legal aide office in your area. They will be able to give you valid advice for your state. I do not believe they can take your house, but you may have to declare bankruptcy to protect it.

    Regarding the abuse contact your phone company. They will assist you in the proper course of action.
    slippydippydo's Avatar
    slippydippydo Posts: 38, Reputation: 1
    Junior Member

    Mar 29, 2005, 06:43 PM
    You need to speak with a bankruptcy lawyer about chapter 7 before Congress completely changes the law.

    Debt collectors threaten like crazy but the reality is that it takes a very long time to obtain a judgment and even longer to garnish wages or grab your property in other proceedings.

Not your question? Ask your question View similar questions


Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.

Check out some similar questions!

Debt collector just liened my account, I'm a student. [ 19 Answers ]

I'm a full time student and have spoken to this particular collector letting them know that once I begin working I will begin paying of the debt. I don't keep much in my bank account, usually just cash given to me here and there, I pretty much make sure its always under $1000. Well the judgement...

Credit card debt & a 3rd party collector [ 3 Answers ]

To be honest my credit card debt to American Express has gotten up to about $12,000 because of all the interest. It has been sent to GC Services, a third party collector. I am in school and will be done for the summer in about a month and will be working full-time then but am only working...

Got Letter from Debt Collector [ 8 Answers ]

Hi, I have got a letter from FCRA debt collector agency for 9939 Dollars for apartment lease break. In 2001, I had to leave United States due to loss of job. At that time, my friend requested me to allow him in my apartment. Since I had to leave quickly I allowed him to stay in the apartment ....

Nasty Collector Refuses Payment [ 3 Answers ]

We have been dealing with this awful woman for months now, with threats of garnishment, imprisonment, and generally nasty insults. After a call this morning, we decided to just use our income tax check to pay off the debt completely. However, when we told her that would be sending her a post dated...

Am I legally obligated to work with a debt collector ? [ 1 Answers ]

I received a letter in the mail today from a debt collector in regards to a medical Bill. I had called the original creditor in November of 2004 explianing that because of overwheling medical debts I was unable to make payments at this time. I then sent another letter in March of 2005 stating...

View more questions Search