Date: August 2nd, 2020 10:16 AM
Author: ..,.:;:,.,;::::.;;,,.
a bill i had not paid was sent to collections after only two months. i did not have the time to negotiate before it was sent to collections. what can i do to minimize its impact on my credit score? the bill is for $14k. How much of a hit will this have on my credit score? It's in the mid 700s right now.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695011) |
   
Date: August 2nd, 2020 10:24 AM
Author: Mia Koch (ππΊπ©π»π€)
Take out a 14k loan on good 750 credit terms, and pay it
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695025) |
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Date: August 2nd, 2020 10:29 AM
Author: ..,.:;:,.,;::::.;;,,.
i have no income atm
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695027) |
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Date: August 2nd, 2020 1:09 PM
Author: Mia Koch (ππΊπ©π»π€)
Take out a 500k loan
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695661) |
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Date: August 2nd, 2020 1:31 PM
Author: Person, Woman, Man, Camera, TV
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695766) |
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Date: August 2nd, 2020 1:32 PM
Author: baseball
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695772) |
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Date: August 2nd, 2020 8:30 PM
Author: Anal on Ice
(steve mnuchin)
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697399) |
Date: August 2nd, 2020 10:36 AM
Author: michael doodikoff
call them up and offer $3500 in exchange for a full release of the debt.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695042) |
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Date: August 2nd, 2020 11:28 AM
Author: ..,.:;:,.,;::::.;;,,.
will this work
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695245) |
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Date: August 2nd, 2020 2:29 PM
Author: michael doodikoff
Maybe maybe not
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696019) |
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Date: August 2nd, 2020 3:38 PM
Author: \"\'\"\"\'\"\'\'\"\"
50/50 odds
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696296) |
Date: August 2nd, 2020 12:42 PM
Author: ..,.:;:,.,;::::.;;,,.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695539) |
Date: August 2nd, 2020 1:15 PM
Author: hank_scorpio xii
My understanding is that once it’s on your credit report the damage is done, paying it off gets you nothing
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695684) |
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Date: August 2nd, 2020 3:09 PM
Author: ..,.:;:,.,;::::.;;,,.
so no point in paying it off? I don’t believe it
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696182) |
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Date: August 2nd, 2020 3:53 PM
Author: Person, Woman, Man, Camera, TV
No, you negotiate the removal with the creditor. Get it in writing that they will delete the tradeline.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696370) |
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Date: August 2nd, 2020 4:05 PM
Author: baseball
Cr. I got a bill they sent to the wrong address removed one time. Should offer them $3500 or something like doodikoff suggested in exchange for removing it from the report.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696415) |
Date: August 2nd, 2020 1:15 PM
Author: gradcerts
This is my wheelhouse.Search online to see if the debt collector (or the company that originally held the debt) reports debt to the credit bureaus. Some hospitals, for example, will say directly on their website “neither we nor our debt collectors report debt to the credit bureaus”. If ithey do report to the bureaus, and if it’s a medical debt, I think they have to wait a year before reporting.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40695685) |
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Date: August 2nd, 2020 3:10 PM
Author: ..,.:;:,.,;::::.;;,,.
it is not medical debt
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696185) |
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Date: August 2nd, 2020 3:26 PM
Author: baseball
What do you mean it's your wheelhouse?
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696259) |
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Date: August 2nd, 2020 4:37 PM
Author: gradcerts
Being in debt and not paying those debts.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696537) |
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Date: August 2nd, 2020 4:39 PM
Author: .,.,,.;,,.....:...;;...,..,.;.;,,...;..;;..:..,.::
(xo 20
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696545) |
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Date: August 2nd, 2020 8:36 PM
Author: ,.,;,;,.;,.;,.;,,,,;,.,;
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697414) |
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Date: August 2nd, 2020 4:45 PM
Author: baseball
Lmao I thought you meant you do collection law
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696562) |
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Date: August 2nd, 2020 8:36 PM
Author: ,.,;,;,.;,.;,.;,,,,;,.,;
(xo 2015 geezer)
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697416) |
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Date: August 2nd, 2020 9:11 PM
Author: baseball
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697540) |
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Date: August 2nd, 2020 8:31 PM
Author: Anal on Ice
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697405) |
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Date: August 3rd, 2020 11:57 AM
Author: hours-hungry BILLPIG
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40699713) |
Date: August 2nd, 2020 3:40 PM
Author: Oldthymer
There are websites that go through how to deal with this that have good advice. Basically it's something like send a letter asking them to show proof of chain of title to your debt and that the charges/debt is legitimate, and if they can't they have to remove the hit from your credit report.Unless you expect to take out a loan soon or will be needto pass a C&F for bar admission, your credit score is not really all that important. One unpaid debt isn't likely to meaningfully impact your ability to rent a place to live, etc. So, my strategy would be to wait a while - years if possible - to challenge this. Chances are the current collections folks will be able to get the paperwork if they don't have it in hand already. But if they don't collect soon it will probably get resold to someone else once or twice (basically, to the people who buy shitty debt for cheap, instead of people who buy 2 month past due debt for 700-credit score peeps like yourself). At that point even if they have their paperwork in order chances are higher they will write it off as not worth the effort to deal with you.
For what it's worth, I know someone who did this. Her credit score was total shit for awhile but she typically had a decent job and kept her other bills paid, and after moving a couple of times (not related to the collections, just because ppl move) and waiting about 4 years, she executed above strategy. She never paid the $50k or whatever she owed, didn't do a bankruptcy, and now has excellent credit because those dings all were removed automatically.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696310) |
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Date: August 2nd, 2020 4:41 PM
Author: gradcerts
180
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696550) |
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Date: August 2nd, 2020 7:12 PM
Author: ..,.:;:,.,;::::.;;,,.
ty for this
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697155) |
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Date: August 2nd, 2020 7:28 PM
Author: ..,.:;:,.,;::::.;;,,.
also can you link to the websites that explain how to do this
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697211) |
Date: August 2nd, 2020 4:48 PM
Author: ~~(> ' ' )>
If you're even a little bit competent as a lawyer, and if the debt was ever assigned in bulk, there's a decent possibility that they won't be able or willing to properly document the assignment in court.I have literally never come across an assignee of bundled consumer debt who could go the distance.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696571) |
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Date: August 2nd, 2020 5:21 PM
Author: gradcerts
180
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40696673) |
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Date: August 2nd, 2020 7:29 PM
Author: ..,.:;:,.,;::::.;;,,.
explain how to do this pls
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697213) |
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Date: August 2nd, 2020 8:37 PM
Author: ,.,;,;,.;,.;,.;,,,,;,.,;
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697422) |
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Date: August 3rd, 2020 11:25 AM
Author: ..,.:;:,.,;::::.;;,,.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40699589) |
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Date: August 3rd, 2020 11:46 AM
Author: ~~(> ' ' )>
There has to be evidence of the assignment, and the evidence has to be admissible.Most often, the assignment document will incorporate some other document that lists the assigned debts. The plaintiffs hate giving that up. But it's necessary to see whether the defendants' purported debts were assigned at all.
And even if the documents exist, they need to be authenticated by someone with the requisite knowledge, and someone needs to be able to establish the elements of the business records exception to hearsay.
There will generally be an affidavit or declaration from a purported custodian of records, but they are very often defective because, typically because they don't recite much of a factual basis beyond reciting the elements of the hearsay exception.
And if they do assert some specific facts, you can challenge them in discovery.
Naturally, if there have been multiple assignments, the problems compound.
Those aren't insurmountable problems by any means. But plaintiffs don't want to put the time and effort into fixing them and don't want to risk having their internal documents exposed.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40699675) |
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Date: August 2nd, 2020 8:24 PM
Author: michael doodikoff
same. Ive pushed off Midland Funding multiple times. One time they took it all the way to the day before trial before completely dropping their case based on a few letters I wrote. Fuckers, I hope that entire industry goes to jail.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697379) |
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Date: August 3rd, 2020 1:05 AM
Author: ~~(> ' ' )>
Fuck Midland. They once had to cut me a check for $18k in fees on a credit card case.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40698413) |
Date: August 2nd, 2020 7:08 PM
Author: ..,.:;:,.,;::::.;;,,.
(http://www.autoadmit.com/thread.php?thread_id=4596215&forum_id=2#40697136) |
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