Doug, you helped me several years ago with a consumer proposal. I hadn't realized how bad it was but your staff helped me through it and my meeting with you before commencement of the proposal helped much. I never wanted to owe anybody but it is sure easy to get there but you did guide me back to solvency. Thanks again.

I am on SSI.I was stuck with thousands of dollars of debt in a bad divorce.Collector harassed until I informed them my SSI can not be garnished.It can only be touched by IRS or for back child support..Social Security informed me my SSI can not be garnished.

Im in the US. My wife and i made some poor decisions financially. Namely, buying a timeshare in las vegas in which we agreed to pay monthly via a credit card automatic payment, $400 per month, for 10 years was the agreement. Well all was good for a year, then we fell on hard times, both lost our jods, collected unemployment, worked part time, but never reached the same combined salary that we had when we bought our timeshars. All this time, $400 per month on our card. We switched our debt from one card to another as each got maxed out. Before we knew it, we were $30,000 in debt, all credit card debt. So, we were pursued by collection agencies and then oneday a lawfirm sued us. So, we got an attorney, answered our court summons, and were forced into bankruptcy. This was in 2006 roughly. I think it was chapter 13. So, in our bankruptcy settlement, we paid $333 per month to a thrid party, who distributed it out to our former debtors. We did this for 3 or 4 years and it was discharged. It was the best thing that could have happened. Our credit was shot for 7 years. But at least we could eat, buy clothes for our son, and take an occasional weekend trip to the beach. So, yes, you can be sued. But if u can, file chapter 13...if your debt is too high. In hindsight, it saved our marriage. Well, now were divorced, lol. But that is another story.

Awesome video. Very informative!!

Debt collector suing me, but this account was closed, but now it's open, according to credit report . How did the account get reopened?

I must have been one in ten thousand then, which was sued by a third party collections agency, for a small debt on an outstanding credit card, which I was unable to pay, due to job loss. The third party collections agency won, they kept adding fees. Until, the debt grew to over a thousand dollars, I struggled to pay off, the debt. When, I made my last payment this third party collections agency, tried to assess me, another hundred and fifty dollars. But dropped this amount, when they realized that I had made my final payment; it was a real learning lesson and I will never have another credit card again.

thank you for answering my question. I read between the lines.

Thank you for your advice. I’m on social security.

thanks guys

If the collection agency is from out of state, verify that they have a current license in the state you live in. Ifnthey are collecting debt they BOUGHT then they may not have to be.

Should you try and settle before going to court?

I separated from my husband in 2017 and I was left penniless with no legal separation agreement. We had a credit line together for $24,000 he paid about 9 months of payments and then stopped. I’m 61 years old and I live pay check to pay check earning a little over minimum wage.A couple of years ago I told the bank I couldn’t pay back the dept.I have since gotten a letter from a collection agency looking for money.There is no way I can afford to make payments as I barley survive with what I earn. I have no idea what to do.

sign a 12 month commitment membership at gym and only went for 3 days to the seller. in the papers I can get out in 3 days. but guess what the seller/and every single associate bullshitted me with "in order to get out I have to meet up GM." sure no problem. but everyone lied telling me shes pregnant. out of town. vacation. comeback next week again and again. I cancelled my debit card immediately. I tried contacting GM but she has blocked certain recipients. now collection agency mailing me to re activate my debit card. my mom is afraid thinking theyre going to handcuff me bs

I got sued by Portfolio Recovery Services for a $3800 debt, hired a firm to represent me, got the case dismissed, then they sued me again for the same debt and dont know how to proceed if they can just keep suing me.

That first one usually adds something to the balance.

how does one find if there any judgements against you?

Hi great video very informative, thank you. Quick question. Do you carry your US credit report with you if you move out permanently from the USA ? For example if you were to migrate to Canada from USA would it hurt your life there too ?

How well does this apply to the American system?

Collection agencies rarely if ever take you to court.. debt BUYERS do.

Is there a statue of limitations in Ohio on money owed to a bank ( Huntington). They say it’s on a checking acct. from 2005-2006. I honestly do not remember and outstanding ( $900.00 ) monies for this bank. Supposedly they are trying to serve me with a summons for court. Then she started threatening with garnishment. I’m on SS only. But then went on to say they would turn into have ( my current bank ( 8 yrs ) closed and never be able to have another acct for 7 yrs. I did tell her I knew nothing about iany monies owed to that bank. Also I actually opened an acct a few years ago ( 7-8 maybe for approx 1-1 1/2 yrs ) with Huntington with no problem. . it was for a political fund I was treasurer. I did closed it with a 0 bal. Any info would be helpful. Thank you so much.

Calvery credit collectors are coming after me for a citibank credit card,. Its $806,. I got a letter from a credit repair company today telling me I'm being sued and was offering a deal to help me out, they had the info on the letter from the debt collector,. its weird I got a letter from a credit repair company telling me about it,. $800 isn't a big debt to be sued over I feel like,.

HOA made unreasonable fines (without any evidence) and lien, how can I remove the unreasonable fines and lien ?

What if it's the landlords insurance company coming after a tenant?

Don't these companies usually have insurances on unsecured debts just in case the holder of the debt can't for any reason pay anymore?

I worked in a law office that was also a collection agency. When we took people to court if one they are local, the balance is over $1000 and lastly are they even worth it such as if they are old and on social security not even worth it. Also a majority of the time the debt is sold not assigned that’s why you can settle fir way less because it was bought fir pennies on the dollar

If I’m on disability and owe credit cards what happens if I stop paying? They already canceled three credit cards and send them for collection. What do do because I just can’t pay them.

I messed up and answered a call and they stated they went to my house to serve me at (address, 4 yrs old, no longer live there) after I stated they gave me a docket # and when told what it was about i was transfered. Long story short He got loud with me saying i was lying but he kept saying he is with and in a federal building. Him getting loud with me had me end the call. Is this a scare tactic? This is for a LOAN.

I have been paying my debt for almost 6 to 7 years untill I lose my job.. Now debt collectors are contacting me for payment and I am jobless and I can't pay off the debt... Please what should I do or what's going to happen to me?.... Please can someone tell me.. Thank you

What about a charge-off where once it is sent to Collection Agency it can not accrue further interest? Should i just settle the $3200 and offer $900 take or leave?

Used to receive a lot of notices from collection agencies but had slowed down quite a bit. I have debts that had been charged off. Am thinking of doing the DMP or BK chapter 13 to be able to pay off these debts. Which one is better?

I got summoned on thrusday, but the letter stated that the bank is suing me and not a collection agency. The letter stated I open the card in 2014 and racked up $10,000 and never paid. The way it’s stated I never charged 10k in 2014. 🤔

SO if the debt company bought your debt then it now belongs to them and not you they bought it and what if the debt is like 6 or 7 years old ??

Hello. I would appreciate some clarity on the comment made in the video regarding a RECORDING being used as an acknowledgement of debt. I do not see that in the Nova Scotia statute. I believe they are required by law to record their calls to protect consumers; a consumer can request a transcript if they feel their rights have been violated, they have been abused, etc. Thank

.just because a collection agency 'bought' your debt .and can prove they did..does that mean i still have to pay them when they never provided goods or services to me and i had no signed contract with them. Can i use that argument in court? Does it work. Im being sued..is within statute of limitations ..My debt isnt to them. It was to the original creditor who will not take payment from me.

I received a summons and complaint from a law firm.

Please I need your advice! I am 65. Got sick in 2019,lost job due to virus. Accumulate debt of $20k with CC. Not on the collection yet,but probably will be soon.I am a widow, so with the little money I receive every month, probably will not be able to pay. What is your advice? Please respond!🙏

But can a collection agency take me to court even if i am making small payments but they want me to pay bigger payments per month?

They can write it off on taxes I know they do then try to collect it’s a loss to help on taxes

I’m in the US. I got sued several years ago by Calvery for 1800.00. I hired an attorney for free, who would only be paid if he won. And it was only 200.00. He won. No surprise. Now Calvery has another debt of mine for 1300.00. I’m on disability, which is the reason for the debts to begin with. I had a very good job prior to getting sick. So it’s not as if I’m a deadbeat. What are the odds I’ll be sued again?

I got a court summons for 2500 yes they will take you to court

If a debt has been sold to a debt agency you are under no obligation to pay(no contract). Tell them to go whistle.

im disabled with m.s. live alone, have no children, no man, friends or family to help, just got a warrant saying im being sued & have to go to court in september. credit card debt, $1800 on one card & $1600 on the other. all i get is disability & no extra income. i also get no tax refund. im struggling but trying to make it. do i need a lawyer? what do i do please? im scared.

You are talking about large amounts, what if it is $1627.00

How do you contact debt free in 30

What can happen if I don’t go to court if I get sued

There watching you

It's illegal for someone to sale your debt

Do debt collectors know how much money you have?

No they can't. They buy these loans for like 10 bucks from the Company you originally owed. That's their problem now. No one is going to pay on a charge off.