ezrunner Posted October 16, 2010 Report Share Posted October 16, 2010 (edited) Okay I will start off by saying I already knew I owed this debt. It was a small CC through HSBC. I was okay until last Feb when I lost my job took 7 months to obtain new work needless to say I was unable to make payment so ended up defaulting. HSBC sold debt to Calvary Portfolio Services they inturn hired DLA to come after me. So I received a mailed notification from DLA I knew I owed but wanted to delay so I could save up enough to work out a settlement and out of curiosity see what their response to a DV would be. Mailed off DV........two weeks later I received their responsecover lettera CC statement from 11/2009Bill of sale from HSBC to Cavalry SPVcopy of card member agreement and disclosure type so small can't be readtext from Bill of sale HSBC Card services inc. Hsbc bank of nevada (seller)for value of received and pursuant to the terms and conditions of the purchase agreement dated 07/10/2009 between seller ans calvary SPV I LLC (purchaser) does hereby sell,assign and convey to Purchaser, its successor and assigns all rights, title and interest of Seller in and to those certain purchased receivables listed on the sale file attached as exhibit A, without recourse and without representation of, or warranty of, collectibility, or otherwise, except to the extent provided with the agreement executed this day 25th of november 2009then signedI know I owe this and will pay, just curious as to everyones thoughts on the docs sent to me Edited October 16, 2010 by ezrunner Link to comment Share on other sites More sharing options...
WhoCares1000 Posted October 16, 2010 Report Share Posted October 16, 2010 Gosh, that might be enough for them to win a lawsuit for account stated let alone comply with a DV. I would suggest saving up the money as quick as possible because it does not look like they are playing games here. Link to comment Share on other sites More sharing options...
ezrunner Posted October 16, 2010 Author Report Share Posted October 16, 2010 I have every intention of paying. just a few more paydays Link to comment Share on other sites More sharing options...
soveu53 Posted October 17, 2010 Report Share Posted October 17, 2010 Ok here another test since they own it now why don't you send them a compromise of agreement to pay and see if they'll take your offer to settle just a suggestion.So you can avoid going to court and it can be deleted off of your credit report. Suggestion say you owe 5000 counter offer them 2500 without admitting any guilt the form can be found on this site under the sample letters I used it have paid off quite a few accounts even some in full.But include in the wording that your requesting them to delete the accounts if its not listed on there. Or you can also send them another note requesting additonal time to get your funds together as well.Good luck in whatever you decide Link to comment Share on other sites More sharing options...
nobk4me Posted October 17, 2010 Report Share Posted October 17, 2010 Look into the arbitration strategy. HSBC agreement (one of them) includes JAMS, and the max you have to pay to initiate is $50. Link to comment Share on other sites More sharing options...
ezrunner Posted October 18, 2010 Author Report Share Posted October 18, 2010 the amount owed is just under 1500. I will offer to settle/pay in full for deletion I think i will look into the letter that was suggested Link to comment Share on other sites More sharing options...
ezrunner Posted January 10, 2011 Author Report Share Posted January 10, 2011 okat Dominion law never responded have court on thursday. I know that the court will have us all meet with DLA rep and they will offer to make payment arrangments or if disputing meet with court clerk to schedule hearing date. I owe this money so no worries about paying. They wont accept payment at the court ill have to call or stop by. Question is if i so yes Im paying do they get a default then? How do I ensure no judgement is rendered Link to comment Share on other sites More sharing options...
BV80 Posted January 11, 2011 Report Share Posted January 11, 2011 I'm not 100% positive, but that might depend on the written agreement. If the agreement states something along the lines of "payment in full of the amount agreed upon and no judgment will be rendered", you could hold them to it. Link to comment Share on other sites More sharing options...
ezrunner Posted January 14, 2011 Author Report Share Posted January 14, 2011 well met with DLA atty yesterday, I know i owe this money hate to pay the entire amount as I know JDB didnt pay that much. So i brought all sorts of docs to support me being able to fight and my wilingness to do so. end result They agreed to settle at 50% and to remove from credit report I had a pre prepared letter actually several depending on settlement amount so this one is done with and I consider it a victory. DLA attorney actually complimented me on my preparedness. Link to comment Share on other sites More sharing options...
lheart Posted January 16, 2011 Report Share Posted January 16, 2011 Good job ez. Some may say 50% is high, but if you are happy, we are happy for you. Link to comment Share on other sites More sharing options...
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