What to do if you have too much debt and not enough money – money and debt solutions
Obviously, the best solution is to raise taxes and cut government spending (on healthcare, police, education, and other essential public needs), and use the extra money to pay off the debt, but no politician can ever do that without jeopardizing their career, because not many people are going to support tax raises and cutting back on public goods and services.
We got a mail today,..leading edge recovery solutions ..and it says that my boyfriend owes .81. It says original creditor: CHASE
and Creditor : JP Morgan chase, dda. He doesn’t use chase bank anymore he said he closed his account and doesn’t have his cards or papers anymore.so we cant look it up now. how does he owe ? this is the first letter we ever got about this and it says "Your delinquent account has been placed with our company for collection. We hae been authorized by our client to collect the outstanding amount owed to them.
Unless you notify this office within 30 days after receiving this notice that you dispute the validity of the debt or any portion thereof this Office will assume this debt is valid. If you notify this office in writing within 30 days from receiving this notice that you dispute the validity of the debt or any portion thereof this office will obtain verification of the debt or obtain a copy of judgment and mail you a copy of such judgment or verification. If you request this office 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."
Sincerely,, Collections Department
This is really confusing of course we plan to go call up and ask and go to chase bank too. any advice we dont know what we owe first time.. this is not a scam i noe that it has account num and reference.whats up with this letter? Will it mess his credit?
they are not pop ups because i have a filter for that but they are full windows that overide my previous window and all seem to be either money or debt solutions and false competitions e.g free playstation?
How do i stop or get rid of these????
Thanks in advance
If you are trying to get rid of debt, what would be the best solution for you?
What would you do?
Use the money to focus on Getting rid of liability or start focusing on building an asset that will generate income so that you can pay off your loans and liabilities?
Which will be your priority and why?
AllState Financial has been contacting me on my cell phone nonstop about an Applied account I had and that they now are in charge of. I have never recieved a letter or anything stating that I owed them. They only have left messages with claim numbers that said to call back. When I finally did call, they said I had to pay ,344.90 in full and pretty much, that there was no other option or they would file the lawsuit against me (the amount owed at Applied was less than that amount but I understand if they charged me for nonpayment – & before you judge and say it was my fault for going into debt, please understand that not anyone is blessed the same way with money. I had to stop working for a while for health reasons.)
I explained that my bank account didn’t have money at the moment b/c the bank and I actually were going through a fraud case where someone in another city somehow got a hold of my debit card info and made a replica of it and took out money I had in there (AllState Financial said that I was lying pretty much – apparently I can’t be a victim of fraud). The bank was gonna give me my money back that following week (provisional credit) but it was for my rent but the guy said I had till October 2 to put the money in, to call before if I didn’t have the money. I said OK, gave him my bank info (since he pretty much threatened a lawsuit against me & I was going to put more money in for the debt). Well, I didn’t get my provisional credit when they said they would give it and the extra money I had, it was for my rent. I called on the 1st of October in the morning telling them (AllState Financial) that I didn’t have the money yet. They said why didn’t I tell them before (they didn’t tell me that they already tried taking the money out on September 29).
I told them I would call them when I had the money in or If I could make monthly payments and set that up – they said No, it was too late for that. I said I would call when I got more money then, they said Ok & hung up on me. Then I get a call today, the 4th of October and they say that since the check that I have them bounced, they will have a warrant for my arrest on the 6th if I don’t pay in full. I said I had called before the 2nd to state that I didn’t have the funds. They said they took it out the last day of September and that it was gonna post on the 2nd and I had to say 72 hours before that I couldn’t pay (they hadn’t told me this). He said they have a recording of me giving my bank info and stating that I would pay that amount and it bounced so that they were gonna file a warrant for my arrest and I would go to jail.
I said if I can make payments thru INCHARGE DEBT SOLUTIONS (the people there said that Allstate accepts payment thru them and they are just trying to scare me so that I can pay in full) but they said they will not accept payments from INCHARGE. I’m a mother of a two month old and I haven’t been working b/c I’ve been sick the whole time (during and after pregnancy). I AM trying to get my debts back in order (they aren’t a lot – just a few) but at least I’m trying. But what I’m asking is, will they seriously issue a warrant for my arrest for one bounced check? I know I said I would pay but I told them before they had told me to call and it’s not like I’m not wanting to pay them. I do but I can only make montly payments. It’s either pay them in full or get evicted from my apartment with my two month old with nowhere to go. And by the way, the people at AllState are not the nicest people to talk to. I have tried talking in a nice manner but THEY are the ones that are so rude and I’m trying to work with them but every answer is a NO. TOO LATE. There have been a lot of people in my situation ( http://800notes.com/Phone.aspx/1-866-508-1877 ) but I haven’t read about getting threatened to have a warrant out for your arrest. Please help, I’m freaking out here. 
I have tried explaining my bank situation to the Collections agency – they barely give me a chance to talk. They basically say that they don’t care about my personal and financial problems (having a fraud case investigated on my bank account is my problem & "doesn’t make sense to them") and they pretty much just want the money. I have to give them an answer on how I’m gonna pay (by check, money order, etc.) by Monday, the 6th or they will send a warrant for my arrest. I don’t have anyone here to lend me money and I doubt my bank would give me a loan. And there are no payday loans or anything like that here in GA and I’ve heard those aren’t good anyway – I’m trying my best to get out of debt and I’ve heard those just dig a deeper hole. :\
Trust me, I’ve tried to make a payment plan. When I called the first time, they threathened me with a lawsuit if I didn’t pay in full. They gave me no other option. When I called them again to make a payment plan, they said NO, too late. And now they called me and are saying that they are gonna have a warrant out for my arrest. This all happened in a 2 week period maybe.
I don’t agree. My girlfriend and I have been together 2yrs we recently moved into our new home this past July and for the last year my girlfriend has been unemployed and I pay all bills and support our home solely.
Her sister is a 10 year health care professional with job security and her husband is a MLM salesman with fluctuating income but is currently employed. Her sister wants a divorce because she contributes his lack of steady income to them giving up home in short sale or risking to foreclosure.
Her sister, 17yr old daughter and dog want to live with us for 6months, to pay of debt, save money and get her own place. She offered to pay the utilities because charging her rent would defeat her efforts in trying to save.
My concerns are: although I support my girlfriend and our home completely it is stressful that she is not working and I carry all liability for our home. I do NOT her sisters dog in the home especially since her dog is aging and NOT house broken and we have one of our own.
I love my girlfriend and respect her family am I wrong for not wanting to subject my relationship to any potentially uncomfortable situation that may happen if I allow her sister to stay? I think 6mos is too long and her sister is not compromising about the dog. The money she saves in 6months she can save in a year if she sacrifice and get her own place for her own independence.
Our life together is still new – we have lived in this home only 2mos and our privacy is important to me. My girlfriend understand her sisters need and my feelings so she has be quiet on the situation.
Please help us out with good advice and solution.
We got a mail today, and it says that my boyfriend owes .81. It says original creditor: CHASE
and Creditor : JP Morgan chase, dda. He doesn’t use chase bank anymore he said he closed his account and doesn’t have his cards or papers anymore.so we cant look it up now. how does he owe ? this is the first letter we ever got about this and it says "Your delinquent account has been placed with our company for collection. We hae been authorized by our client to collect the outstanding amount owed to them.
Unless you notify this office within 30 days after receiving this notice that you dispute the validity of the debt or any portion thereof this Office will assume this debt is valid. If you notify this office in writing within 30 days from receiving this notice that you dispute the validity of the debt or any portion thereof this office will obtain verification of the debt or obtain a copy of judgment and mail you a copy of such judgment or verification. If you request this office 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."
Sincerely,, Collections Department
This is really confusing of course we plan to go call up and ask and go to chase bank too. any advice we dont know what we owe first time.. this is not a scam i noe that it has account num and reference.whats up with this letter? Will it mess his credit?
im with a place called credit solutions of america but they dont seem to be helping in anyway,i got a thing in the mail to go to court to pay like 0 and its cuz of this company the reason why this is happening,i put all my bills into consolidation but it seems that may of been a bad idea,i have bills that total about ,000 total and am wondering how in the world i can get something that will pay these off,i dont get alot of money in my household so its hard….
I’m currently using Credit Solutions (www.creditsolutions.com) for debt settlement. Seems to be working fine. I haven’t yet collected enough money to pay off any of the 4 accounts I have in settlement. One of the accounts (with FIA Card Services/MBNA in the amount of 00) has been forwarded to a 3rd party collector (Creditors Interchange). This 3rd party collector has begun sending notices (that I have forwarded to Credit Solutions) and calling me talking about "arbitration". Can someone tell me exactly what this means? I’m assuming this is part of the settlement process, but is this something legal that could potentially put me at risk for being sued?? What are my options at this point? Is this just a scare tactic….will they really come after me legally for my measely k? I fully intend on going through with the settlement, so technically the account is being "taken care of".
I can’t help but live beyond my means, I spend mire than I earn, I owe thousands. I can’t get out of this spiral of debt without living like a pauper which would depress me so much I’d rather die.
There’s no one that can help me. I can’t tell anyone about this as I’m so ashaamed.
I find it difficult to work more hours as I am a busy mum with kids too.
I just can’t find a solution, any ideas?