Inseriousdebt

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About Inseriousdebt

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    Miami, Florida

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  1. Dear Botherskeeper Thank you for such a promt response. I have a total of 7 personal accounts and one business account. I have not been sued yet but i think at this point is a matter of time for that to happen. Do you think arbitration will be effective . Thank you for your time and consideration
  2. Dear Botherskeeper Thank you for such a promt response. I have a total of 7 personal accounts and one business account. I have not been sued yet but i think at this point is a matter of time for that to happen. Do you think arbitration will be effective . Thank you for your time and consideration
  3. Dear @fisthardcheese

    I used to have a Travel Business and because of Covid things just got really difficult with the bills. I have credit cards with many banks but so far the only bank that is being really aggressive is AMERICAN EXPRESS. I had multiple accounts with them and all of them were closed almost two months ago. In total the balances are over 100k  with all of them combined and recently received the first letter that pretty much states the debt and the original creditor from 4 different collection agencies.  The first three letters are from NATIONWIDE CREDIT INC. There are 2 from GATESTONE , 2 from ALTRAN , and one from FIRSTSOURCE. As explained before they all show the same information. Some came 20 days ago others 28 days and the last ones around 15 days ago. I was planning to hire an attorney to help me with this situation but found this forum and really feel arbitration could be a possible defense in my case. I have read for hours and i think i got around 60 % of the strategy that i need but have couple of questions. 1) SINCE AMEX RARELY SELLS ITS DEBT SHOULD I WAIT FOR THEM TO ACTUALLY SUE ME OR WILL THE COLLECTION AGENCIES DO THAT IN THEIR BEHALF ?. 2) I COULD ASK THEM FOR A DV BUT I KNOW THE DEBT IS MINE AND I ALSO CONFIRMED WITH AMEX THEY ARE WORKING FOR THEM. I SEE SOME PEOPLE DID THAT IN SOME CASES BUT I DO NOT SEE IF THAT WILL ACTUALLY HELP MY CASE . 3)  I COULD POTENTIALLY HAVE 5 DIFFERENT ARBITRATION CASES THAT WILL BE REALLY COSTLY FOR THEM. SHOULD I START THE PROCESS NOW BEFORE I GET SUED WITH EACH INDIVIDUAL COLLECTION AGENCY?. Thank you in advance for all the help that you could provide. 

  4. Guys Greetings from Florida I used to have a Travel Business and because of Covid things just got really difficult with the bills. I have credit cards with many banks but so far the only bank that is being really aggressive is AMERICAN EXPRESS. I had multiple accounts with them and all of them were closed almost two months ago. In total the balances are over 100k with all of them combined and recently received the first letter that pretty much states the debt and the original creditor from 4 different collection agencies. The first three letters are from NATIONWIDE CREDIT INC. There are 2 from GATESTONE , 2 from ALTRAN , and one from FIRSTSOURCE. As explained before they all show the same information. Some came 20 days ago others 28 days and the last ones around 15 days ago. I was planning to hire an attorney to help me with this situation but found this forum and really feel arbitration could be a possible defense in my case. I have read for hours and i think i got around 60 % of the strategy that i need but have couple of questions. 1) SINCE AMEX RARELY SELLS ITS DEBT SHOULD I WAIT FOR THEM TO ACTUALLY SUE ME OR WILL THE COLLECTION AGENCIES DO THAT IN THEIR BEHALF ?. 2) I COULD ASK THEM FOR A DV BUT I KNOW THE DEBT IS MINE AND I ALSO CONFIRMED WITH AMEX THEY ARE WORKING FOR THEM. I SEE SOME PEOPLE DID THAT IN SOME CASES BUT I DO NOT SEE IF THAT WILL ACTUALLY HELP MY CASE . 3) I COULD POTENTIALLY HAVE 5 DIFFERENT ARBITRATION CASES THAT WILL BE REALLY COSTLY FOR THEM. SHOULD I START THE PROCESS NOW BEFORE I GET SUED WITH EACH INDIVIDUAL COLLECTION AGENCY?. Thank you in advance for all the help that you could provide.