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Owed Bill

Date: Tue, 06/28/2005 - 11:41

Submitted by anonymous
on Tue, 06/28/2005 - 11:41

Posts: 202330 Credits: [Donate]

Total Replies: 2

Owed Bill


Hello, I am constantly getting calls from an agency about a bill I owe. Originally it was around $30.00, not it is up to $349.00 with the sure charges of late fees. I get a call every other day, and on a few occassions I have received more then one call a day. I have been told an attachment will be placed on my home. What rights do I have? I have offered them my original amount of $30.00, even 1/3 of the $349.00 I was declined. What can I do now, as I am not in a good financial situation to pay the account off. Thank You


Hi Lori

Welcome to the forums. Firstly, debt consolidation program will be helpful to you at this stage as your late fees will be minimized or eliminated after proper negotiations with your creditors. You will be offered a low monthly payment which will be suitable to your present needs and you will be able to pay it of within a stipulated period of time.

You can ask them to validate your debt as you have every right to know the details of it. Further, you can send them a written letter stating your approach regarding payment. I have drafted one letter for you as per your needs.

Quote:

Today's Date

Your Name
Your Address


Attention: {name of collector}
Name of your creditor
Address

RE: Your {letter dated} or {phone call on date} reference account #: {place account or reference number here}

Dear Mr. /Ms. {Creditor's Name}

According to my records and your {phone call or letter} the balance of this debt is $_____. I am not disputing this debt however; my current financial situation prohibits me from paying the amount you're demanding. I am able to make payments on this account every {insert date of month} to your company in the amount of $ _________.

I would appreciate a call from you confirming your acceptance of my payment terms. However, if I do not hear from you, I will consider your cashing or depositing my check as confirmation that you accept my payment terms. If you do not accept my terms then I expect the enclosed payment to be returned to me immediately in the enclosed self-addressed stamped envelop.

As a show of good faith I've enclosed my first payment in the amount of $________. If my financial situation improves enough for me to increase my payment amount I will contact you immediately. Thank you for understanding.



Sincerely,



Signature
Your Printed Name


If you wish to take the professional help of the consultant, he will do the needful for you and negotiate with your creditors for a suitable payment plan according to your needs. Please enter your contact information at the sign up page to get in touch with the consultant.

Please let us know the course of your action. We will be waiting to hear from you soon.

Regards
Roxette


lrhall41

Submitted by roxette on Tue, 06/28/2005 - 12:28

( Posts: 4009 | Credits: )


Hi Lori

In the previous post Roxette has given you a fair idea about the debt consolidation programme as well as he suggested validating your debts from the creditor.
This is in addition to what Roxette has replied.

You may also lodge a complain against the creditor if they try to harass or threaten you over phone. You should complain to FTC as they handle this type of cases. Further you can also consult a local attorney who will guide you further in this matter. Please make it sure that you should resort to all this if your effort to negotiate with your creditors fails and they carry on harassing you.

Hope to hear from you soon

Regards
Peter


lrhall41

Submitted by peter on Wed, 06/29/2005 - 04:08

( Posts: 285 | Credits: )