Handling and paying Collection Agency

[retep]

Hi,

Have lot cards just charged off related to a business gone bad.

Getting the endless phone calls not only to me but family members that is humiliating and deplorable tactics by these CA.

1) Does the cease/desist letter work? Worth doing to stop ALL the calls.

Don;t mind them to me but to family members I won't tolerate

2) Some have been 'placed' w/CA and some have been 'sold.' Considering my credit is ruined w/the 'charge off' I want to settle for as little as possible.

Make a difference if it's placed? For the ones that are 'sold' off I want to pay these firms as little as possible because only going in their pocket.

3) Going to be awhile before I get the money to settle all these cards. What's best course of action in the meantime? Because spending like a full day every few weeks going through their paperwork, calling them back, making sure they don't call family, etc.

Thanks

[BV80]

Were the cards in your business name or were they personal CCs?

[retep]

most in business name but doesn't matter because i'm on all of them as they take info, ss #, etc of officer of co. it's not reported to personal credit UNTIL you get past due which i am.

[BV80]

I asked because business debts are not subject to the FDCPA. I'm not sure a C&D letter would work. Hopefully, some members with more knowledge about business debts will respond.

[pacollector]

i would send a c and d letter to them... and request that they only contact you at one num....bv80 u are right bus accts dont fall under a the fdcpa but if there is a personal grantor most companys will fallow the c and d so they wont get snaged with a ag complant.......