kreditkrunch Posted February 11, 2009 Report Share Posted February 11, 2009 In May 2006 I placed an account with National Debt Foundation. It was for a credit card in the amount of $2600.00 with Suntrust Bank.On Nov 7, 2006 I received a phone call from American Debt stating they had settled my account with MBNA for $1600.00. $250.00 down and $131.00 a month thereafter. January 2007 I find a calling card from the Sherrif's office stuck to my door. I phoned and was told there was a civil suit against me by MBNA. This went to the National Arbitration forum and I lost. I was never officially served any documents. It was done verbally. In the meantime, American Debt Foundation had been helping me with these forms from the National Arbitration forum. April 2007 I received a volountary dismissal of claim without prejudice by MBNA.In January 2008 I receive a letter from NCO stating they purchased my MBNA account and they want $3600.00. I sent them a letter with a copy of the dismissal and asked that they do not send me any more correpsondence in this regard.Just recently I came across this letter from NCO and wondered if this had been taken care of. I needed to know for sure because I know when debts are not paid the interest can mount up and up and I could not afford to one day be facing a lawsuit for three times that much. I phoned NCO regarding this and they advised I owe $4400.00 and because I asked them not to contact me, they are not allowed to negotiate unless I send them something stating Iwant to cancel the "cease and desist". I did this. I spoke with a gal from the legal department yesterday and she advised me there is no negotiating; the creditor wants paid in full. I had to remind her that NCO advised me they purcahsed my account from MBNA; she then stated she would have to talk to someone in the "purchasing" department.Also, MBNA does not show up on my credit report.I am unemployed and have just recently sold my house for rock bottom price and I cannot afford to pay $4400.00 but I want to settle me debt. At no time did I try to get out paying this, but I thought this was all taken care of when I received the dismissal from MBNA. Now it is coming back to bite me and I have no idea what to do or where to turn. I want to get this monkey off my back and move on. Link to comment Share on other sites More sharing options...
merrybucks Posted February 11, 2009 Report Share Posted February 11, 2009 On Nov 7, 2006 I received a phone call from American Debt stating they had settled my account with MBNA for $1600.00. $250.00 down and $131.00 a month thereafter.Did you pay this? Link to comment Share on other sites More sharing options...
krazykat Posted February 12, 2009 Report Share Posted February 12, 2009 I thought this had been paid since the civil suit against me for this was Dismissed voluntarily without prejudice. I just found out recently this has not been paid. Link to comment Share on other sites More sharing options...
krazykat Posted February 12, 2009 Report Share Posted February 12, 2009 I also want to add that MBNA does not show up on my credit report. So, I guess I really am not sure if it has been paid or not Link to comment Share on other sites More sharing options...
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