skully109 Posted July 16, 2007 Report Share Posted July 16, 2007 OK Heres the deal. I sent out a debt validation to a law firm handling the debt for cap1 that I had. I followed the proper steps. I sent it back in feb. 07 after i got letter from law firm explaining the debt and validity of it which was within 30 day time frame. I told them they had 30 days to respond or else it would be considered invalid. I waited 3 mths. and sent another letter they responded with statements from like 1 1/2 yrs ago as validation. nothing else. Now a month later yesterday 7/14 they just sent me a letter stating that i need to get a hold of them to discuss payments or else they have been notified by cap1 to sue me in court if they dont hear from me. What do i do next????? I know this is the short version of it but this sums it up. I followed the proper step to validation process and sent everything certified mailWhat should I d wait and go to court and dispute or call and settle. the credit card was for 3000 now it is up to 5000. I dont know how serious this is and what will happen nextIf you think my only option is to settle then what is a good settlement amount. I dont know what to do. Do I have case law in my favor??? any help would be great. Thank you to all who help me with guidanceAny answer would be helpful. Thank you Link to comment Share on other sites More sharing options...
DucknCover Posted July 16, 2007 Report Share Posted July 16, 2007 Is the account still owned by Crap1? Is this your debt? It sounds like they've validated the debt and will probably win if it goes to court. Your options are get an attorney or try to negotiate a settlement or do nothing and roll the dice. I had an account still held by the OC a few years ago (not Crap1) that I DV'd and their CA sent me copies of statements. They basically "Had the goods on me". I waited for a summons but they never bothered to sue. It ended up being sold to a JDB who didn't purchase what they call in the CA business the "Media". Meaning they didn't have the documentation to validate. I got rid of them pretty easily. It's all a matter of how lazy they are or aren't and if they really want to spend the money to take you to court or not. Link to comment Share on other sites More sharing options...
skully109 Posted July 16, 2007 Author Report Share Posted July 16, 2007 This is a law firm handling the case for crap1. The debt is mine, unfortunately, and I just dont know what to do. It sounds from your reply, I have 3 options, but dont know which one to take. This is a law firm from NY and I dont know how serious it is, because I didnt validate a credit account from them before and a judgement was awarded and they froze my account. Now, do I wait to go to court, shouild I even bother to hire an attorney, and represent myself or what??? Link to comment Share on other sites More sharing options...
DucknCover Posted July 17, 2007 Report Share Posted July 17, 2007 I'm confused. In your first post it sounds like an attorney CA is attempting to collect on a debt. Now you say there is a judgement? There is a big difference between the two! Link to comment Share on other sites More sharing options...
skully109 Posted July 17, 2007 Author Report Share Posted July 17, 2007 no there is no judgement against me they just told me that they were going to pursue this into a legal matter Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted July 17, 2007 Report Share Posted July 17, 2007 If Crap1 says says they are going to sue they aren't lying. I would try and call them to settle before getting a judgment. Link to comment Share on other sites More sharing options...
IHateCAs Posted July 17, 2007 Report Share Posted July 17, 2007 Settle. Link to comment Share on other sites More sharing options...
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