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  1. Yeesh! I had no idea! I thought we were supposed to read through the threads on this whole board to find answers to our questions. I didn't know it was not "allowed" per se or that it would cause people to get mad to post questions on 'old' threads. The questions and info. could still be relevant to people other than the original poster! ...
  2. Hello! I have a thread under 'Bronson and Migliaccio'... but I've been told I should start a new one now (?) ... In the process of my debt originally to Compusa, I have now received a validation of my debt from Arrow! Timeline: Jan 06 letter saying they bought my account Feb Bronson and Migliaccio (never responded to my DV sent via registered mail) July Arrow writes again July 26 I DV Arrow with standard DV from this site (30 days to respond, etc) Unfortunately I did not send via registered mail as I can barely walk, couldn't drive, etc. Aug 25 Letter from Arrow telling me that if they decide to pursue my case they will validate the debt in accordance with the law, etc <4 1/2 months nothing> Dec 18 letter from Arrow validating my debt (Compusa/HSBC from '05) and stating that they plan to pursue this case and continue collections activities. My financial/personal/health situation has not changed since my original post under "Bronson Migliaccio", so I won't go into all details again. I am very concerned about what to do now!! What can Arrow do in this case? What is best plan of action? Should I contact them and ket them know they have nothing to gain by pursuing me ?? (or can they gain something from no posessions, no income?) suggestions welcome!! (help!!)
  3. apple

    Arrow

    Hello! I started a thread under Debt Settlement 'Bronson and Migliaccio'... but I've been told to start a new one now (?) ... In the process of my debt originally to Compusa, I have now received a validation of my debt from Arrow AArrow timeline: Jan '06 letter saying they bought my account, then Jan letter from Bronson Migliaccio Feb DV Bronson and Migliaccio by registered mail (never responded to my DV) July Arrow writes again July 26 I DV Arrow with standard DV from this site (30 days to respond, etc). Unfortunately I did not send via registered mail, I can barely walk, couldn't drive, etc. Aug 25 Letter from Arrow telling me that if they decide to pursue my case they will validate the debt in accordance with the law, etc. < then 4 1/2 months nothing> Dec 18 letter from Arrow validating my debt (Compusa/HSBC from '05) and stating that they plan to pursue this case and continue collections activities. My financial/personal/health situation has not changed since my original post under "Bronson Migliaccio", so I won't go into all details again. I am very concerned about what to do now!! What can Arrow do in this case? What is best plan of action? Should I tell them I have nothing? Wait for their move? suggestions welcome!!
  4. timeline... July 26 I sent a DV to Arrow via mail (NOT registered!!!) I couldn't drive and wanted to get letter out asap. The DV was basically the sample DV I got from this site (with the 30 day stipulation.) Aug. 25 I got a letter from Arrow telling me if they decide to pursue my case, they will validate the debt. Dec. 18 I got debt validation from Arrow (about 4.5 mo.s after my DV -- for which I unfortunately do not have registered mail receipt) Are they within the 30 days to validate debt?
  5. Hello! Just saw your post about sueing Arrow from last Jan. how did that go?? I have a thread under debt settlement (bronson and migliaccio in title, since that is firm arrow sold my account to at first.) I DVd arrow in the summer, but am just realizing now that I only sent a letter via regular mail!! (have been unable to drive and didn't want to wait for someone else to have to go to post for me!) They just sent reply verifying my debt yesterday and say they will pursue action. I'm in Virginia and I see you're in Texas, but am wondering what happened with your case; maybe I could learn something from what you did!! Thanks!
  6. Hello again! Thanks, Polarbearnco for the fin. breakdown -- makes sense. I guess I was hoping maybe they'd settle for even less than that (like a couple 100$... better than 0) I actually have no money to do either: pay arrow or pay down chase, so for now just stay with minimums, I 'spose. In the meantime, Arrow just wrote me again! This time, 4.5 months after my letter to them, they have sent a breakdown of my payment history with compusa/HSBC and have written that they plan to resume collections action on this account! Anyone: what does this mean? My fin. circumstances haven't changed. So what do they have to gain by coming after me for this 4,000$ bill? Of course, they do not know my cicrumstances. They only know I stopped paying on that account last yr. If they knew my circumstances, would they relenquish? Do I need to worry since they sent such a detailed letter? What could they do next? Thanks for all assistance! So glad for this forum!! apple p.s. (- Also ..... am I correct in understanding that Arrow and other CAs buy debts from CCs for something like 6-7 cents per dollar?! So if Arrow bought my approx. 4k$ debt for 6.5 cents per dollar, they paid about 260$ for it and then turn around and try to get me to pay1,000s?! So the original creditor, with whom I made an agreement to pay, only ends up getting a couple 100$ and this "muscle company" (CA) gets 1,000s?! If anyone should get the money I owe, it is the original CC. If I had the means, I would pay them, since I made a contract with them. I feel a sense of moral agreement to pay what I said I would. BUT NOT to ARROW! In fact, settling with the CA under those conditions makes no sense!! Is this really the way it is? Pennies for dollars?)!
  7. Hello Aisle4! I'm going to try to get on a program with Chase (payment protector). Currently I have no income, own nothing (except some t-shirts and this old '02 computer, for which, ironically I have this $4k+Arrow debt!!) and have an accumulation of medical bills getting close to about 40k$. Also am not fully healed yet - and somewhat depressed, I'd say. Checked my report again: I now have 2 negative marks for this same debt! In addition to the original Negative from HSBC, Arrow has added a Negative!!! Can they do this??!
  8. hello Polarbearco - True! I do not have plans to make large purchase soon, so I suppose in that regard the score is negligible. But I'd like to try to pay down my cc (15% apr)
  9. Hello Sifxpert and others out there! Thank you for your help last Feb!! B&M did as predicted; they received my letter and I never heard another peep out of them again! Months went by, I thought it was done, and then.... . . . I got a new letter from "Arrow" (They first wrote in Jan 05 before handing me to B&M.) - July 26 I dv'd Arrow. - Aug 25 they wrote that if they decide to "engage in further collection activity" they will verify the debt in accordance with the law, etc. - That was the last I heard. (Arrow is friendly, the people have been nice. I like them ) My question now is how can I rebuild credit? The only negative I have is Arrow. I use a Chase cc for medical expenses (15%apr, now at $9k down from $12.4k! Am unable to get better APR.) If I settle with Arrow, can I clean up my CR? (They now claim my bill is 4,749$!! Up from 4,200$ at beg. of yr.) What is the lowest I can settle for? I still have no income 1year+ now and lots of medical bills. Any info will be very helpful! Thank you again! Apple
  10. Hello! I was in the debt settlement forum posting about a compusa card of mine which has gone to collections, when, in checking my CR I realized that I have more than just that one negative!! Apparently the chase card (which I still use) posted as a negative (for 30 day past due) in June 05! I want to improve my CR! In June 06 I was a month late in paying my Chase CC. As soon as I had some money, I immediately called the CC and talked with someone who was very friendly and helpful. He told me that my late payment was not a problem, since I was going to make a big payment to cover it (2,000$). He even agreed to remove the 35$ late fee! I thought eveything was taken care of and relaxed. Now I find out they put a negative mark on my CR!! I've had this chase card for 10+ years. For 7 years I paid the balance In Full every single month! Since Dec 02 I started to accumulate a balance, but have made min. payments on time. Chase is right that I was 30 days behind in June payment. But given my history with them, do I have any ability to remove the negative from my CR? ... Since June I have paid on time and EARLY! In Jan/Feb 06 I paid an additional 2,000$. My balance is now down to 9,800$ from the High in June of 13,852$ (credit limit 12,400$). (Is it "bad" to have surpassed the limit one month?) .... I will appreciate any suggestions and advice! This forum is so good! Thank you. p.s. Is it better for CR score to leave 0 balance CCs open or is it better to close them? (I have 5 accounts in good standing, all but one are 0-balance cards that I don't use.) Suze Orman says leave all CCs open. The Chase credit advisor told me close all excess cards. Any word out there on what is best?
  11. hello! Thank you both for your responses! I appreciate your advice and insight into B.M.'s usual method of operations. I am writing out the DV letter now. Let's see what (if!) BM respond. Do I need to receive their correspondence via regular mail, or could they fax me? (I will send my DV as registered mail.) Thank you for your wishes for my health and recovery! It is a challenge... This web site and your replies are wonderful resources. So glad to have found it!
  12. Hello! I came across this forum while researching the Bronson and Migliaccio firm - and it seems like a GREAT place to get some info and possibly also advice! This is my story - any helpful suggestions would be greatly appreciated!~ In Oct 2002, I was working on a business deal that was supposed to go through in a short amount of time. ‘Banking’ on that assurance, so to speak, I purchased some computer equipment from Compuserve on a special “no interest until 2004” credit card deal. At that point in my life I had never been in debt. Ever. I have one other CC, a Chase card which I’ve had since 1994 (always paid in full until these past few years.) Needless to say, the business deal, though I continued to work on it, did not come through in all these years. As April 2004 approached (and the impending deluge of finance charges), I called the friend with whom I’d been working on the business project. He told me not to worry about the accumulated charges, assured me that sooner or later this deal WAS going to go through. So I went ahead and just started to pay the minimum amount to stay afloat. (April 2004 -- note that after that one purchase in Oct 02 I never used the card again. The initial purchase amount was approx. $2,500) Well, a year later, still under constant assurances from this friend of mine that this deal WAS going to go through (eventually ....) I began to have problems paying my regular bills (and even food bills at this point.) Since I need my ‘regular’ CC to help stay afloat, I decided to continue with minimum payments on that and stop paying the compuserve one. (May 2005) A short while after that, I had a massive accident, was hospitalized, had to have emergency surgery. My life really changed. I moved back in with my parents to recover. It has been a very lonng recovery time. I did not have insurance. Medical bills are quite large (about 30k), but there is legal action in progress there. During this time I started to get calls from HSBC - apparently the cc wasted no time in sending me to collections! I was hopped up on pain pills and had other Major major things to worry and think about besides this stupid little (now HSBC) bill. They called every day. I just let it go to voice mail and didn’t worry too much about it for the moment. In Aug I asked my BF at the time to call the 800 number they left and let those people know that I was recovering from a serious accident, was unable to pay, etc and that I really could not talk on the phone, or even get to a computer! They said it was not their protocol to talk with him, but only with me. He asked them to note it in their records anyway. The calls continued and my recovery continued. My recovery took a lot of my attention, as new and serious medical conditions relatrive to the accident were diagnosed. With so many other things on my mind, the HSBC thing went further into the backgrround. I was about to write to them to deal with this BF directly, when I got a letter saying they had sold my account to “Arrow Financial Services”. (Dec 2005) So - I wrote a letter to Arrow explaining my condition and asking them to contact said former-BF. But in the meantime (Jan 2006) I got a letter from Bronson and Migliaccio. I got the standard letter I’ve seen others on this forum have received. The one saying I have 30 days either to pay the bill in full (which they say is now about 4,200$) or contest it. I have since then received daily to twice daily calls from a surley-sounding, heavy on the New Jersey accent woman whose name I can never understand, informing me to call them asap “regarding a legal matter pending in my name.” (Jan-Feb 2006) I have not accepted or returned any of the calls (don’t want to be recorded until I know what I am doing!!) My current situation is that besides this Compuserve/HSBC/ArrowFinancial/B and M account, I only have the Chase card (I am trying to pay that balance down whenever I get my hands on some money - make regular minimum payments - and need the card for med bills, etc), I have a massive hospital bill on hold until my law case settles (whenever that may be) -- am unemployed, uninsured and continue to recover very very slowly from this accident (can’t walk! or drive!) ...... Financially I received a little sum of money as a gift and also a sum from the insurance med pay onn my legal case .... I need that cash to help with rehab costs! And can’t put it towards paying this card. I have contacted the friend from that old business deal that apparently “any day now”, blah blah blah, since he promised so long ago to help me with this bill specifically and am waiting to hear from him. In the meantime, I want to know what to do about these B.M. fellows!! I understand it would be a good idea to write them a letter. Honestly, I don’t think I’m worth them going after, since I have no possessions (well, besides clothes and books, and this now-old computer ), I don’t own a car or a house, have no 401k, etc. Just have the med pay money and the xmas gift. (a couple 1000 in bank) ...... not to mention can’t walk, or drive, etc! I am also wondering how much I could settle with them for. Since the original bill of purchase was about 2,500 and I paid about 100 per month from April 2004-May 2005 ..... I wonder if I could settle with them for around 1,000 or so? (don’t know yet where in the world that money is going to come from?!?!?!? ............. hmmm, physical rehab to learn to walk again or pay B.M.?!) Wow ==== Any helpful suggestions on how to proceed here would be GREATLY appreciated! Along with this debt situation and my life-changing accident, and 3 family deaths in 15 months ..... this has been a ROUGH year indeed!!! Thank you so much!
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