I need some advice in dealing with the debt collectors?

Question

i have a credit card that i owed $ 9000.and i didnt make payments on. the other day a lawyer called my ex-husband and she said if i dont contact them untill saturday 7/26/08 they have a warrant arrest for me. i want to call them and try to settle this but i feel very intimidated by them. what should i do?

Answer 1

call them and try to work out a payment plan with them.  it is not just going to go away if you don't pay them.  they will keep coming after you

Answer 2

Hi,

I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.I came across this company on NBC News Special Edition.Check it out here:

http://urlhawk.com/29x

Answer 3

I seems unlikey that they will arrest you, unless there is a court order for payment.  

Don't be intimidated by them.  That is what some bill collectors do, intimidate you into paying.   Call the company, be honest as to why you are not paying, offer to make small payments even if only $5.00 a month.  Don't get angry or bilegerant with them. Try to remember that they are calling as a result of you not paying.

Answer 4

Some folks aren't cut out to deal with nasty bill collectors.  I suspect that is the case here.  The second answerer was correct to suggest a 3rd party negotiator.  I recommend www.totaldebtsolutionsllc.com    You fill out their free online evaluation form and they contact you; it's just that easy.  Since this is only 1 creditor, they would only charge you a nominal fee.  Best of luck

Answer 5

Sorry, but there is no such thing as a debtor"s prison in the US.

If you haven"t committed a crime, you wont get arrested. The collector was lying. I think you might consider getting an attorney to file for bankruptcy. The late payments will already show on your credit rating for 10 years. A bankruptcy will only show for 7 years and you can absolve all the debt and repay nothing in most cases. If you do this, be sure and include everything you owe. Since your credit will suffer anyway, write off as much debt as you can. Attempting to work out a payment plan is a joke. The collector will want more money up front than an attorney would charge for the bankruptcy anyway and you still have ruined credit. After you file, it is illegal for the collectors to contact you at all.

Answer 6

Call them and tell them that the debt has gotten out of your hands and you are enrolling (or have enrolled) in a credit counseling agency. They will willingly work with a credit counseling agency to reduce your payments, debt, and outstanding and recurring interest. A counseling agency has a lot of pull with debt collectors. Try http://www.womenindebt.info. Good luck!