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Old 01-26-2009, 02:05 PM
1 posts, read 1,109 times
Reputation: 10


Back in 2007 I owed credit card co. for $1700 and did not pay since, I check my credit report it showed charged off, but now attorney for collection agency sued me in glendale, ca court what is my right???
please help

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Old 01-26-2009, 03:51 PM
Location: Papillion
2,584 posts, read 7,680,054 times
Reputation: 860
your right is to pay... just because they charged off does not mean they waived all rights... they just took a loss and removed it from their balance sheet... that being said, they still have every right to collect if they want.

the other right you have is to negotiate - they then have the right to negotiate in turn or to just go after what is rightfully owed them.

Never hurts to offer a settlement (especially since is has been charged off)... might get lucky and they would accept - but that still does not mean they have to remove a negative comment from the credit report.
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Old 01-27-2009, 10:15 AM
Location: Apple Valley Calif
7,475 posts, read 13,943,558 times
Reputation: 5348
The company charged off your debt and sold it to to some slock outfit who buys junk loans for a business.... and mails out a million suits a day. Tell them to pound sand, it is NOT the company you owe the money to..! Call them as see, you will find out they just bought your paper with a stack of others. If they get a few to pay up, they are money ahead...
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Old 01-27-2009, 05:08 PM
12,113 posts, read 12,935,354 times
Reputation: 4601
Or they can garnish your wage or put a lien on your property... there are other ways for them to collect...
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Old 01-27-2009, 05:37 PM
193 posts, read 545,743 times
Reputation: 109
It will show up as a debt on your credit report until you pay the collection agency, not from the original credit card (which will always show charge off I believe), but as a debt to the collection agency if I recall correctly. Settling is usually available, though if they've already taken it to court I'm not sure, are they just threatening to sue or have you actually received some document saying you are now being sued? If you settle for less than the original amount you might not be able to open an account with that credit card company again in the future though.
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Old 01-30-2009, 08:33 AM
Location: SE MO
213 posts, read 427,820 times
Reputation: 137
You admitted to the debt, so negotiate with the firm and pay it off soonest. The downstream hassles, them screwing with with your credit rating and the legal actioon they could take are not worth it.
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