The last payment was January 2019.
After doing a lot more research and getting pointed in the right direction from you folks, I think I may just call and try to settle. The motion to arbitrate sounds appealing but the stress of having to go to court and also having a judgment on my record is deterring me.
Honestly I have no problem paying a monthly payment if it's $100 or less, so I have two final questions unless anyone has anymore advice before I break:
- The date on the letter they sent me saying I have 30 days to respond was December 29th. Is the 30 day time limit the time from that date or from when I received it?
- If I go to their website and see what my monthly payment would be, does that completely close the door to negotiating/can they use that against me?
I just did a phone consult with a consumer attorney. I have found some of the cases and most of them have been dismissed. They are wanting to charge me $750...I asked about the SOL and such and she really didnt want to go into detail about much.. This is the contract they sent me...does anyone have any thoughts?
Alyssa Jones Retainer.doc
When did you last pay on this debt? The reason I ask is Barclays uses Delaware law, where the statute of limitations is 3 years. But that only helps if your state has a borrowing statute. I don't know anything about RI law.
Thanks for the links. There is an arbitration section for Barclays but I'm not exactly sure what I'm looking for. I will do my own research, as I hate to keep asking questions about the smaller details. At the bottom of that section it says in bold: ARBITRATION WITH RESPECT TO A CLAIM IS BINDING AND NEITHER YOU NOR WE WILL HAVE THE RIGHT TO LITIGATE THAT CLAIM THROUGH A COURT.
The letter I received was dated December 29th, but I didn't receive it about 2 weeks after that, so I wasn't sure if it's 30 days from the date it was posted or when I actually received it. They did provide an email to contact for disputes so is there any reason not to go that route and request future contact through certified mail? I do not have a car or a printer, which is why my original plan was to simply call and negotiate or ignore and hope for the best which in retrospect was not smart.
Thanks again for any insight you can provide.
The language is confusing to me but it looks like there is an arbitration agreement according to this: