13 Mar

What do y’all do when the creditors start calling?

Last night the same creditor called me twice and I explained each time that I was sending payments based on the percentage that my debt with that creditor represented from my total debt.

Today I got another call from the same creditor and again I was informed that they were going to take legal action against us and that they would garnish my husband’s wages and put a lien against our house.

Anyone have any encouraging thoughts or words? Any suggestions on what I should say the next time I call? How realistic is it that they would take legal action?

I feel discouraged right now as we were trying to do this on our own and the way things are sounding and looking we aren’t going to have much choice but to refile for bankruptcy.

28 Feb

Creditor just called

Well, I just got a call from a creditor. We have not paid any of our creditors since we initially filed for bankruptcy in August.

We recently decided to try and do the pro rata plan where we send a certain percentage based on our disposable income. Just mailed off the payments on 12/06. Not very much but it’s a start. Hoping to hold off re-filing for bankruptcy if possible.

So the creditor called and said they were representing the creditor and needed to resolve our “case”. They were speaking to my DH at first as he’s the main one on the account. I get on the phone and they are asking for my annual income and stuff and I just tell them that look, my total debt is XX and you represent 11% of that debt and my disposable income this pay period is $231.52 so you get 11% of YY which is $25.47. They kept trying to say that what was my income and what was my husband’s income and then they tried to make it sound like I was sending the whole amount to them. I again said look, my total debt is XX and so on.

They then said that they would hate to garnish my husband’s whole paychecks as they know that would be a financial burden to us. I said that doesn’t happen immediately and they said we will take steps and it will happen in 90 days.

I then said okay, I’ll just make a note that you called and give my attorney a call tomorrow to let him know you called to see how I was doing. She said we’ve only called you once. I said yes, you’ve called me once today and I’ve noted that. Goodbye. End of call.

And then less than 5 minutes later another rep calls. I explain to him that we’ve already received a call tonight and thank you and we’ve sent you $25.47 that you should be receiving shortly and have a great night. End of 2nd call.

So what do y’all think about that? I admit, I was nervous talking to them but worst case scenario I would have to file bankruptcy again. We are just trying to avoid it and get back on track.