UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next
Author: MeiraMeira Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308369  
Subject: Re: Serious Stress With Collections Date: 1/14/2007 11:18 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 5

First off, not to make you nervous, but it needs to be said.

I am really nervous that you gave this collections company your bank information - I mean really nervous. Maybe I misunderstood???

I'd be curious as to what others think about this. What would stop them from trying to withdraw more when you don't come up with the monies that they are demanding?

I would suggest posting your budget on here so folks can help you figure out how much you really can pay on everything each month - specifically on what you really can pay on this Discover debt. I would also start having these conversation in writing with the collection company - rather than over the phone. Figure out what you can really pay per month on the debt and put it in writing via certified mail with the first payment. Tell them all further communication should be in writing to whatever degree that will work - and make that payment on time.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next


TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.