Pressler & Pressler... I need to prepare
Date: Tue, 06/15/2010 - 05:02
Pressler & Pressler... I need to prepare
I live in Southern NJ. Just one month ago, my discover card charged off at 180 days delinquency. I was laid off early in 2009 and had been unemployed for 7 months. I was not able to pay my monthly payments after a little while without a job. I even tried a hardship program but couldn't afford that either. Right before the end of last month (the end of May) I received an ATTORNEY PLACEMENT PENDING letter sent Priority Mail from Discover stating that if I did not pay the balance of $11,988 or call to make arrangements with them by May 31st, 2010, my account would be forwarded to an attorney who could file for a judgement against me. After much research on the web, I disregarded the letter in order to make settlement with a collection agency once the account was charged-off.
I moved in with family within the last 2 weeks because I couldn't afford to pay rent at my old address anymore. I have a job now, but it's commission based so I never know what I will be bringing home, and hourly it's minimum wage.
I have forwarded all US mail to my new address, and just today received a letter from the notorious Pressler and Pressler. The letter was postmarked 6/7/10 which is exactly a week ago and it was sent to my previous address. The letter states as follows:
"PRESSLER AND PRESSLER, L.L.P.
COUNSELORS AT LAW
7 ENTIN ROAD
PARSIPPANY, NJ 07054
06/07/10
P&P FILE A******
Amount of Debt $11,988.42
This is to notify you that Discover Bank has retained this firm to collect its claim against you for the balance owing on your Discover Bank account # ***********************
We shall afford you this opportunity to pay this debt immediately and avoid further action against you. Make your check or money order payable to Pressler and Pressler, LLP and include your file number A****** and remit to: Pressler and Pressler, LLC 7 Entin Rd. Parsippany, NJ 07054-5020
Payment can be made on the website www.paypressler.com. We also accept Visa/Mastercard and American Express. If you choose this payment option return this letter along with: Name as it appears on credit card, street # & zip, etc.
If you are unable to pay the balance in full and would like to discuss payment arrangements, please contact us at (888) 312-8600.
At this time, no attorney with this firm has personally reviewed the particular circumstances of your account. However, if you fail to contact this office, our client may consider additional remedies to recover the balance due.
PLEASE READ THE FOLLOWING PROVIDED TO YOU PURSUANT TO FEDERAL STATUTE:
This communication is from a debt collector. This is an attempt to collect a debt. Any information obtained will be used for that purpose. Unless you notify this office within 30 days after receipt of this notice that you dispute the validity of the debt, or any portion thereof, this office will assume the debt is valid. If you notify this office in writing within 30 days from the receipt of this notice that the debt or any portion thereof is disputed, this office will obtain verification of the debt or obtain a copy of a judgement and mail you a copy of such judgement or verification. Upon your request in writing, within 30 days after receiving this notice, this office will provide you with the name and address of the original creditor, if different from the current creditor."
I have read so many horror stories on P&P. I do not want this to escalate to court or judgement. I have been pulling all funds from my bank account in fear that they will levy it or freeze it without notifying me. I'm also afraid that if I do not take some action, P&P will knowingly send a summons to my old address in order to default judgement. I'm afraid to even call the office of P&P because I know that they will hold everything I say against me, and they are known for making empty promises. I have about $3,500 right now for settlement. Is this still in Discover's hands? How do I go about settlement? Is P&P even a law firm or are they simply debt collectors? I just want some steps in the right direction because I have no clue where to start. And I really want to avoid this getting ugly. Please help.
J.
I moved in with family within the last 2 weeks because I couldn't afford to pay rent at my old address anymore. I have a job now, but it's commission based so I never know what I will be bringing home, and hourly it's minimum wage.
I have forwarded all US mail to my new address, and just today received a letter from the notorious Pressler and Pressler. The letter was postmarked 6/7/10 which is exactly a week ago and it was sent to my previous address. The letter states as follows:
"PRESSLER AND PRESSLER, L.L.P.
COUNSELORS AT LAW
7 ENTIN ROAD
PARSIPPANY, NJ 07054
06/07/10
P&P FILE A******
Amount of Debt $11,988.42
This is to notify you that Discover Bank has retained this firm to collect its claim against you for the balance owing on your Discover Bank account # ***********************
We shall afford you this opportunity to pay this debt immediately and avoid further action against you. Make your check or money order payable to Pressler and Pressler, LLP and include your file number A****** and remit to: Pressler and Pressler, LLC 7 Entin Rd. Parsippany, NJ 07054-5020
Payment can be made on the website www.paypressler.com. We also accept Visa/Mastercard and American Express. If you choose this payment option return this letter along with: Name as it appears on credit card, street # & zip, etc.
If you are unable to pay the balance in full and would like to discuss payment arrangements, please contact us at (888) 312-8600.
At this time, no attorney with this firm has personally reviewed the particular circumstances of your account. However, if you fail to contact this office, our client may consider additional remedies to recover the balance due.
PLEASE READ THE FOLLOWING PROVIDED TO YOU PURSUANT TO FEDERAL STATUTE:
This communication is from a debt collector. This is an attempt to collect a debt. Any information obtained will be used for that purpose. Unless you notify this office within 30 days after receipt of this notice that you dispute the validity of the debt, or any portion thereof, this office will assume the debt is valid. If you notify this office in writing within 30 days from the receipt of this notice that the debt or any portion thereof is disputed, this office will obtain verification of the debt or obtain a copy of a judgement and mail you a copy of such judgement or verification. Upon your request in writing, within 30 days after receiving this notice, this office will provide you with the name and address of the original creditor, if different from the current creditor."
I have read so many horror stories on P&P. I do not want this to escalate to court or judgement. I have been pulling all funds from my bank account in fear that they will levy it or freeze it without notifying me. I'm also afraid that if I do not take some action, P&P will knowingly send a summons to my old address in order to default judgement. I'm afraid to even call the office of P&P because I know that they will hold everything I say against me, and they are known for making empty promises. I have about $3,500 right now for settlement. Is this still in Discover's hands? How do I go about settlement? Is P&P even a law firm or are they simply debt collectors? I just want some steps in the right direction because I have no clue where to start. And I really want to avoid this getting ugly. Please help.
J.
Nope, the account has been charged off and sent to Pressler & Pr
Nope, the account has been charged off and sent to Pressler & Pressler. IMO you must call them up and make your offer. It would allow you to buy time and stop them from filing lawsuit immediately.
If the collector has to sue you, it has to do it at your present county. Otherwise a default judgement can get vacated on the ground of improper delivery of summons. But to avoid it negotiating with them is your option.
Don't be scared. Even a law firm is bound by the laws when acting as a third party debt collector.
Read through the site to amass both knowledge and confidence.
