US Bank letter "in the process of looking into your employment" Anyone received this?

[ecsclb1724]

I have a US Bank cc with a $900 balance on it. I'm currently 60 days late and hoping to not file until the middle of August. I just got a standard letter "you're account is past due, we are now looking into your employment situation" so pretty much an intent to wage garnish threat.

Can they get a judgment against me that fast?

Don't they have to have at least two different court dates to garnish wages, so that would give me at least a few months right?

[Nicollette]

I have a US Bank cc with a $900 balance on it. I'm currently 60 days late and hoping to not file until the middle of August. I just got a standard letter "you're account is past due, we are now looking into your employment situation" so pretty much an intent to wage garnish threat.

Can they get a judgment against me that fast?

Don't they have to have at least two different court dates to garnish wages, so that would give me at least a few months right?

They would have to be awarded a judgement in order to garnish your wages, but I'm not sure how quick that process is. A creditor of mine was awarded a judgement against me, but before they were able to try and start garnishing my wages, I filed BK and included the judgement in it.

[justbroke]

I don't believe this is a "garnishment" issue. This is an issue where they probably to determine if they're going to permanently close your account.

American Express did this to me before cutting off my credit lines on 6 accounts (including two "no credit limit" accounts). I then had to send in an IRS 4506 Transcript so they can check my earnings.

It's way too early for garnishment.

[kvangild]

I then had to send in an IRS 4506 Transcript so they can check my earnings.

It's way too early for garnishment.

What the heck is a IRS4506 JB? Just curious

[justbroke]

What the heck is a IRS4506 JB? Just curious

IRS Form 4506-T is a request for Tax Return Transcripts. This allows a creditor to get the "official" copy from the IRS. If a lender or creditor asks you to complete one of these, they think that you lied about your income. I proved AMEX totally wrong, in my case. They actually gave me more credit after checking those tax returns.

[catleg]

US Bank threatened me with an "asset search" back in February as part of their collections efforts. "Looking into your employment" sounds like the same kind of threat. They haven't sued me yet.

[reeltrouble]

FYI - for a $900 balance, most creditors won't go through the hassle and expense of garnishment or any other kind of legal action. They will just charge it off and sell the debt to a 3rd party collector. I was a branch manager for a consumer finance company a few years back, and I would never even consider filing suit on unsecured debt for less than $1500. If they ever actually threaten judgement, garnishment, etc., they may be in violation of Fair Debt Collection laws. They state something to the effect of "a company cannot threaten collection actions including foreclosure, legal action, garnishment, unless they fully intend to proceed with such action"

[OhioFiler]

Seems to me that simple 8 word phrase worked exactly as US Bank intended it to work. It scared you. They were hoping to scare you into paying them some money.

I'd ignore it.

[catleg]

Well, here's a US Bank update for you. I discovered today that US Bank has sold my account to a junk debt buyer, much to my surprise. I thought that being as aggressive as they have been about collecting, they would keep it in house and work it a while. So now it's owned by Hayt Hayt & Landau who are a combined law firm/JDB impersonating as "First Asset Acceptance Corp" or something. It only charged off end-of-May. I guess the fact that it's outside of US Bank's core territory has something to do with it. You can read more about this JDB here:

http://fdcpalaw.blogspot.com/2008/02/nj-woman-sues-hayt-hayt-landau-llc-for.html

[justbroke]

Well, here's a US Bank update for you. I discovered today that US Bank has sold my account to a junk debt buyer, much to my surprise. I thought that being as aggressive as they have been about collecting, they would keep it in house and work it a while. So now it's owned by Hayt Hayt & Landau who are a combined law firm/JDB impersonating as "First Asset Acceptance Corp" or something. It only charged off end-of-May. I guess the fact that it's outside of US Bank's core territory has something to do with it.

Wow. That was quick!

First Ass Corp. Sounds appropriate.

[catleg]

Yes, and the balance on this card is fairly high, over 25k. Surprises me more as I think about it. I did tell them I was planning to file BK , but never gave them any lawyer info, so they were calling right down to the end.