175

Don't pay it, see a lawyer. Given your comment, it will depend on the jurisdiction on the passing of the house and the presence of a will or lack thereof. In some states all the assets will be inherited by your mom. Debts cannot be inherited; however, assets can be made to stand for debts. This is a tricky situation that is state dependent. In the ...


152

Advice based on USA style system. Do not pay it. Do not talk to the creditor. What you have is old debt. The debt is not still accumulating, it has stopped some years ago, and now, the debt is slowly aging out. After 7 years, it falls off your credit report. After some shorter amount of time, 2-6 years typically, it will become "time-barred" ...


141

This sounds like a scam. The debt itself may be legitimate but the debt collector doesn’t sound legitimate. Legitimate businesses would never need access to your bank account. If you have the funds ready to go, get their routing numbers and do a funds transfer from your own bank account to theirs. Giving others access to your bank account (user name & ...


113

Request verification in writing of the debt. They are required to provide this by law. Keep this for your records. Send them a notice by certified mail stating that this is not your debt and not to contact you again. Indicate that you will take legal action if they continue to try and collect. Keep a log of if/when they continue to call or harass you. ...


108

This may not apply in your particular situation, but I think it's important to mention: When a debt collector doesn't act like a debt collector, it may be because they aren't actually a debt collector. It's certainly strange that someone called you to collect money from you, and when you asked for a simple document, they not only got off the phone ...


78

After 8 years, you should have a fundamental understanding that things will not change with this ex-boyfriend. He may not be found, and even if he is, he will not pay any portion. Dragging him through some legal process will cause you to spend money and emotional capital for something that will yield no result. It is a complete waste of time. So really ...


72

I don't know the details of whether or not you should pay this money, or who is at fault. But clearly, you believe that you do not owe the money, and the bank investigation seems to agree with you, since they gave you your money back. Since you have your money, and they haven't sued you, the only issue yet remaining is your credit report. Here is what I ...


65

What you are describing here is the opposite of a problem: You're trying to contact a debt-collector to pay them money, but THEY'RE ignoring YOU and won't return your calls! LOL! All joking aside, having 'incidental' charges show up as negative marks on your credit history is an annoyance- thankfully you're not the first to deal with such problems, and ...


63

RocketLawyer has a brief review of how to place a lien. Searching Money.SE for 'lien' may also turn up some helpful information for similar situations. You should exercise extreme caution when contacting interested parties about a debt, because it can be viewed as a confession of the debt, or renew the statute of limitation on the debt. But the company that ...


62

Find a name To escalate, you don't want a random helpdesk - you want a name. In this case, I'd suggest googling "finance director (this university name)". You can then ring the main university switchboard number and ask to be put through to the finance director by name. Chances are that you won't get them, you'll get their secretary. No matter, ...


57

First, when a debt collector says, "It's to your advantage to give me money now", I'd take that with a grain of salt. My ex-wife declared bankruptcy and when debt collectors couldn't find her, they somehow tracked me down and told me that I should tell her that it would be to her advantage to pay off this debt before the bankruptcy went through. That was ...


52

For the purposes of this answer I am assuming that this is not a scam, and that they are not the one who led you down the path of needing to use gift cards to make the payment. No legitimate business would insist on gift cards. If you want to make sure that you are not providing them with any more banking details than is necessary, you should consider the ...


51

You mentioned that this is a private student loan, not a federal loan. There are no standard terms for private loans like there are for federal loans. To find out the deferral rules, you would need to read the terms of the loan. Your father-in-law, as co-signer, should have access to these terms.


47

National Credit Systems is a genuine and reputable collections agency. It's a member of American Collectors Association and National Apartment Association. The web site and the phone numbers in the letter belong to National Credit Systems. Even without knowing that, the letter doesn't have any obvious signs of a scam: They offer you instructions for ...


44

"[My locator] told me that she was sorry but that she must have misunderstood and there was nothing she could do." Your locator owes you $300.


43

This seems very suspicious, as if it were fraud, and not a legitimate collector. Garnishing wages takes a court order. A court would require a bit more proof than a name. Names can easily be common, I know sets of first cousins named after the common grandparent, 4 pairs in my extended family, along with 2 triples. The court would certainly look for a ...


42

You say your primary goal is to clean up your credit report, and you're willing to spend some cash to do it. OK. But beware: the law in this area is a funhouse mirror, everything works upside down and backwards. To start, let's be clear: Credit reports are not extortion to force you into paying. They are a historical record of your creditworthiness, and ...


38

Your assets can be seized anyway The main difference between secured and unsecured debt is that secured debt has a simplified priority claim on the specific assets. However, unsecured debt still has a claim on all your assets - it's just that collecting them is more involved and may require a court judgement. For small debts, the lender might choose not to ...


36

Money interactions/discussions often draw a lot of emotions out of people and this is often complicated by in-law relationships. The best advice one can give you is to stay out of this conversation. This is a financial transaction between father and daughter and your involvement will never been seen as positive by either party. In some cases it is best to ...


34

You've already done everything I would suggest: Contact the collections agency, being careful in what personal information you provide. Check all three of your credit reports, for any trace of incorrect information. At this point, since you've confirmed that the social security number that the collections agency has does not match yours, and you've ...


33

Assuming you're in the US, you can file complaints against financial institutions (including debt collectors) through the Consumer Financial Protection Bureau. The link to debt collector complaints is: http://www.consumerfinance.gov/Complaint/#debt-collection


32

It seems to me that an option not much discussed here is to enlist the aid of someone at your bank. You have the records of the money being disbursed from your account -- it is going somewhere. Your bank ought to know where. It is going to some other account. Between your bank and the university, they ought to be able to confirm that the account the money is ...


26

My revised, bottom-line advice: offer to send a 2nd payment (preferably in the form of money order or cashier's check) for the difference you are agreeing to pay. I cannot imagine any reason why they would object to this - there is no fee to cash a check, there's less risk of error, and less work involved. Alternatively, offer to send a new check only once ...


25

Debts do not inherit to the children. You are absolutely not liable for your parent's debt, in any way whatsoever. ** Collection agents will lie about this; tricking you is their job, and your job is to tell them Heck no, do I look like an idiot? The Estate When a person dies, all their personal assets (and debts) go to a fictitious entity called the ...


24

Even if they were legit, they won't file litigation (which is a lawsuit) because the overhead costs are considerable. But who cares? It's not a lawsuit until they serve you. Then it'll be a month + til the first hearing, and the suit will be extinguished once you pay them, which you're planning to do anyway. Ergo it's no threat at all. Absolutely not. ...


21

Step one: Contact the collection agency. Tell them that they have the wrong person, and the same name is just a coincidence. I would NOT give them my correct social security number, birth date, or other identifying information. This could be a total scam for the purpose of getting you to give them such personal identifying information so they can perform an ...


20

I would strongly disrecommend (?) your first bullet "Sit tight in comfort that whoever comes after the "debt" will see all is in order". Broadly speaking, dedicated debt recovery agencies do not care about the details - they care only that they have been handed a debt, to which they have already added their own fees - and they are going ...


19

This concerns me: I should note I'm also trying to settle with them for a significantly lower sum. However, in order to do this I need to be able to pay soon with a card or bank account. Debt collectors are notorious for using any and all tactics necessary to get money from you as quickly as possible. It is very well possible that even if you pay them ...


19

How to know if a debt collector is holding onto a debt? You need to pull and analyze your credit reports yearly. They should contain 7 years of historical data so you can see if there were ever any discrepancies in your finances. "How do I pull my credit reports?" you ask? https://www.annualcreditreport.com/ Finding out if there is a debt in your ...


18

The suggestion for obtaining a letter before payment is when you negotiate to pay a lower amount than what you owe. For example, the lender is currently claiming that you owe $1972. Let's say that you talked with the collections agent over the phone and he agreed that you would pay $1000 and that would satisfy the debt in full. You would want that ...


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