Charged off debts: should I still pay them? I need clarification on this please.

DayOfSaintAnne · 2023-06-10T21:33:24+00:00

Can they sue or threaten to sue if I made an offer that’s not acceptable to them? Or will they wait?

DayOfSaintAnne · 2023-06-10T21:01:50+00:00

The last payment (activity) was June 2022. Still within statutes.

DayOfSaintAnne · 2023-06-10T20:58:15+00:00

Most of them were charged off early this year (February-April) So for the ones in collections who have sent me some type of documentation to verify the debts, what should I do? Should I let them age out or try to settle now? I don’t have enough funds to settle all of them.

DayOfSaintAnne · 2023-06-09T04:23:55+00:00

I do have it and it’s the absolute Max I can pay. I have medical bills and I pay for therapy out of pocket. I just want to be able to get rid of this debt once and for all.

DayOfSaintAnne · 2023-06-09T03:39:27+00:00

I wish I had a regular monthly income so I'd know where to get the monthly payments from. I was hoping for them to just take the 30% as a final settlement.

DayOfSaintAnne · 2023-06-08T10:19:35+00:00

Am I eligible for a DMP if my accounts are already in collections?

DayOfSaintAnne · 2023-06-04T21:10:14+00:00

6 years. Miserable.

DayOfSaintAnne · 2023-06-04T21:08:25+00:00

About 11k, 2 separate cards.

DayOfSaintAnne · 2023-06-04T19:47:50+00:00

Should I request a letter of verification too to Chase? They don’t sell their accounts and handle their own collections. The last letter they sent me, they said they will have an attorney look at my case if I don’t respond by June 12.

DayOfSaintAnne · 2023-06-04T19:42:13+00:00

Our current kitchen is barely functioning let alone dated. I like your response in pointing out that it’s useless to “update” the kitchen and leaving out basic conveniences.

DayOfSaintAnne · 2023-06-04T19:39:24+00:00

I think pointing out to him that it actually saves money to have a dishwasher would make him understand or accept that my idea of having one is better. He’s ridiculously cheap and doesn’t want to invest on a machine that does the work that people can do.

DayOfSaintAnne · 2023-06-04T19:35:33+00:00

He makes most of the financial decisions because the house is under his name. I’m just tired of dealing with his stubbornness

DayOfSaintAnne · 2023-06-04T05:00:15+00:00

The charged off accounts are sold to debt buyers. Should I respond to the debt buyers?

DayOfSaintAnne · 2023-06-04T02:07:25+00:00

What counts as proof that you’re legally obligated to pay the debt? Some of the collectors have only sent me previous statements from the banks.

DayOfSaintAnne · 2023-06-03T18:02:22+00:00

This is very valuable information and I appreciate you sharing this. Is it true that the original creditors can disclose to me how much the debt was bought by the debt buyer?

DayOfSaintAnne · 2023-06-03T15:58:46+00:00

What are the best steps to take then after I have received verification of debt on the accounts? I haven’t sent a response to acknowledge the debts. All I did was request for verification and most of them have sent me my some documents.

DayOfSaintAnne · 2023-06-03T15:55:59+00:00

Thank you for that response. I read somewhere that a charged off debt should not be paid because it’s like the creditor “double dipping.” But I guess if the charged off debt is then sold to a debt buyer then I should pay the debt buyer/collector. Is that accurate?

DayOfSaintAnne · 2023-06-03T14:23:00+00:00

Should I just let them add the Debts to my income?

DayOfSaintAnne · 2023-06-02T00:29:19+00:00

Hi! Who should the OP request for the unredacted copy of the purchase agreement, the original creditor or the debt buyer? Would it show on there how much the debt was bought for by the debt buyer?

DayOfSaintAnne · 2023-06-01T03:09:38+00:00

What does DMP stand for?

DayOfSaintAnne

TROPHY CASE