Jump to content

We signed the arbitration notice!


elrose
 Share

Recommended Posts

Im new, and desperate with fear.

Im going to break this up into the finale:

We signed the notice at the sheriffs office, picked up the papers.

Surprise Arbitration Matter, Assessment of Damages Hearing Required.

From Harvest Credit Management in Denver, Co. prepared by Weinberg, Esq.,

in Conshohocken, Pa. It is stamped by sheriffs office and has a docket no.

This is the last credit card my husband/we owe, settled w others.

Harvest Credit Mgmt., heartless!

A woman in their office agreed to $5000 verbal settlement and then a man called back with $8000. I asked them "how much did they pay for it?"

When they saw that we owned a house I actually heard them in the background yell "there's real estate there"

It was my husbands card, he is chronically ill, on SSI, I wrote them it was not mine, but I had Power of Attorney, papers came in my name also. States on credit report as Individual account.

The amount is now $21000 about double.

What do I do next to keep them at bay as much as possible And also

to resolve.

Currently we do not have any money now, but hope to sell this

home as soon as market conditions permit. Would like to refinance due to

sub prime original status and higher interest rate on mortgage.

Perhaps something is possible.

Thank you...

Link to comment
Share on other sites

There are ways to fight arbitration, but I've only had, as a consumer, experience with the NAF.

I've been involved in arbitration with other firms, but as plaintiff against large corporations in large and very complex cases.

Link to comment
Share on other sites

The papers are from Gordon & Weinberg, PC

Harvest Credit Mgmt, Denver, Co. vs..........us

At very top "This is an arbitration matter. Assessment of Damages Hearing Required."

Court of Common Pleas, Monroe County w a written docket #.

Notice You have been sued in court etc.

2&3 pgs...Complaint in Civil Action

4th pg states at top.........Verification says Weinberg, Esq. is attorney for plaintiff, etc.....says subject to penalties of 18 Pa.C.S.A., section 4904.....and signed by Weinberg, esq.

Exhibit A

Statement form from plaintiff Harvest Credit....

Last Statement Details for Chase Manhattan...card acct#

w Last Statement....N/A Interest Rate...24%

Balance due.....15319.11 Last payment.....July 30, 2005

Avail Bal........0 Open Date

Transaction....Charge Off

Next pg has Assignment and Bill of Sale from PRS Assets., LLC (seller) to Harvest Credit Mgmt....signature illegible.....no typed name

Next to last....Exhibit A....Bill of Sale for the Portfolio Purchase Agreement Titan Recovery Group, seller, and PRS Assest....This is signed by Fred Howard CEO, Titan Recovery Group, LLC.

Lastly, Bill of Sale from Chase to Titan Recovery, sgnd by Brian Bonner, VP of Chase Manhattan Bankl

Only the Harvest Credit Mngmt Page has any of our info on it....

Chase Manhattan Bank, USA. 2/3/2005

Looks quite official.........

Link to comment
Share on other sites

I wrote them it was not mine, but I had Power of Attorney

This is the kind of info you NEVER give to a collection agency !

To answer the arbitration notice you must do so in the proper format as set out in the arbitration forums rules, it's much like an answer to a lawsuit. Simply sending a refusal letter is not enough.

If the house is not in your name, then including you seems bogus.

You might want to contact this consumer attorney, he's in your neck of the woods:

http://www.pennlawyer.com - he's a good guy.

Link to comment
Share on other sites

This doesn't seem like NAF arbitration.

Some courts have mandatory arbitration for small collection matters and such. That's my guess, based on the papers you've received.

As you own real property, you need to either fight this or settle.

Apparently you're dealing with a JDB; and, as such, they are unlikely to have the docs necessary to validate the debt.

Your best move would be to find an attorney in your state who can quite possibly make them go away completely by nailing them with discovery requests.

Go here, and be prepared to spend a significant amount of time on the phone (and it will be well worth it, based on my experience): www.naca.net

Link to comment
Share on other sites

This is the kind of info you NEVER give to a collection agency !

To answer the arbitration notice you must do so in the proper format as set out in the arbitration forums rules, it's much like an answer to a lawsuit. Simply sending a refusal letter is not enough.

If the house is not in your name, then including you seems bogus.

You might want to contact this consumer attorney, he's in your neck of the woods:

http://www.pennlawyer.com - he's a good guy.

Thank you for your help.

I replied to the Pa attorney on the phone that this was not my acct, but my husbands only, and also said that I had had Power of Attorney because of his

illness and pending surgery. (the hospital such in 2002)

I wrote a letter in 06 stating that it was not mine, but my husbands only.

The house and mortgage is in both names....Is our joint property in jeopardy? or only.. what?

Link to comment
Share on other sites

Thank you for your help.

I replied to the Pa attorney on the phone that this was not my acct, but my husbands only, and also said that I had had Power of Attorney because of his

illness and pending surgery. (the hospital such in 2002)

I wrote a letter in 06 stating that it was not mine, but my husbands only.

The house and mortgage is in both names....Is our joint property in jeopardy? or only.. what?

Depends on your state.. if you are in a community property or equatible property state.. in an equatible property state you are fine.. if the debt is ONE person that can not touch the house in both names.. and honestly thats a long long road for them to even do that.. they have to get the arb order which has to be turned into a judgement and then you file exemptions and they have to try to get a lien.. so I woundn't stress too much on this part of it...

I would be more worried about bank accounts , again however if the income comes from disability or SS that is safe as well.. and in PA there is no wage garnishment.

MOST IMPORTANT.. STAY OFF THE PHONE WITH THESE PEOPLE.. everything needs to be in writing from here on out.

Link to comment
Share on other sites

Depends on your state.. if you are in a community property or equatible property state.. in an equatible property state you are fine.. if the debt is ONE person that can not touch the house in both names.. and honestly thats a long long road for them to even do that.. they have to get the arb order which has to be turned into a judgement and then you file exemptions and they have to try to get a lien.. so I woundn't stress too much on this part of it...

I would be more worried about bank accounts , again however if the income comes from disability or SS that is safe as well.. and in PA there is no wage garnishment.

MOST IMPORTANT.. STAY OFF THE PHONE WITH THESE PEOPLE.. everything needs to be in writing from here on out.

I will certainly check out more info the next few days and I will post the info here for followup. Dont know abt Pa community property yet.

I did know at one point that when we were in business that my husbands liability did not extend to marital property.

Link to comment
Share on other sites

Depends on your state.. if you are in a community property or equatible property state.. in an equatible property state you are fine.. if the debt is ONE person that can not touch the house in both names.. and honestly thats a long long road for them to even do that.. they have to get the arb order which has to be turned into a judgement and then you file exemptions and they have to try to get a lien.. so I woundn't stress too much on this part of it...

I would be more worried about bank accounts , again however if the income comes from disability or SS that is safe as well.. and in PA there is no wage garnishment.

MOST IMPORTANT.. STAY OFF THE PHONE WITH THESE PEOPLE.. everything needs to be in writing from here on out.

PA is an equitable property state.

Link to comment
Share on other sites

My notes on PA indicate that a judgment creditor cannot attach real property.

But, I would not rely on that. I do recall that PA has some special provisions that were a little unusual. Talk to a attorney who is versed in debt collection matters in PA.

I work for the Commonwealth and we can attach real property for fines and fees.

Link to comment
Share on other sites

I work for the Commonwealth and we can attach real property for fines and fees.

What if as in this situation......the debt belongs to my husband who is on SSi,

and I am not currently working, and we have little or no money....can they go after property in both names? I think first I have to prove that it is not my account which they have disputed.

thanks

secondly.......I literally heard them squeal on the phone in 06 when I attempted to settle this......."There's real estate there."

Link to comment
Share on other sites

My notes on PA indicate that a judgment creditor cannot attach real property.

But, I would not rely on that. I do recall that PA has some special provisions that were a little unusual. Talk to a attorney who is versed in debt collection matters in PA.

I know people who have liens placed on their property for property owners association dues and the move to have a sheriffs sale, in Pa.

Link to comment
Share on other sites

Elrose

You are getting a lot of different inputs here. In think in truth none of us know the answer you need.

I think it is important that you talk to a local attorney versed in collection matters.

I know this is important to you. The cost of the attorney will be minor. You need real answers so you know how to handle this.

Link to comment
Share on other sites

I'm amazed at how big arbitration has become. With the trial lawyers association so powerful, and certainly this cuts into their pockets, you'd think they would be making moves to change the laws.

Now these rat bastards force you into a ring with what is a rubber stamp arbitrator that will in most cases sign off with the companies.

This is just another case of how our rights are being slowly taken away.

I think the advice you have heard is correct, you need to talk to an attorney and or the NACA

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.