Date July 29,2009
Amount $4,287.35
Past due: 16days (due date July 13th, 2007)
Dear XXXXXXXXXXXXXX,
Your account is seriously deliquent (really? 16 days is seriously deliquent?!?) and you have not taken any action to remedy the situation despite all of our attempts to get you to do so. (NOT true, I told them I would make both payments for next month, as a lie of course to hold them off) As you the date of this letter, 166.61 is past due on your account. (<----that sentence is hard to understand because I think it's suppost to say "OF" and not YOU?)
Thus, unless you contact us within ten (10) days of the date of this letter to make firm payment arrangements on your loan, we will be left with no recourse other than to proceed with legal action against you.
Legan action can be unpleasant and costly. It can also make it difficult for you to obtain credit in the future.
Please take this last opportunity to contact us immediately.
Sincerely,
XXXXXXX
Brand Manager
This is an attempt to collect a debt and information obtained will be used for that purpose.
If an attorney represents you (I'll show this to my attorney), please refer this letter to such attorney and provide us with the attorney's name, address, and telephone number.
To the extent you (yeah, it you read that right, YOU) obligations have been discharged, or are subject to an automatic stay under the United States Bankruptcy Code, this notice is for compliance and informational purposes only. This notice in either case is not a demand for payment or an attempt to collect a debt.
WAIT, hold up, how can this be an attempt to collect debt and also not on at the same time when the letter clearly states it's an attempt to collect in the first sentence AFTER the brand managers signature?
I'm LOLing inside, because I guess they don't know as of yet that I'm filing CH7 near the end of August/Begining of Sept
What legal recourse can be done within a month? Should I even bother contacting them? I'm showing this to my lawyer first thing Monday. They called me within days of being late and offered me a settlement by extending my loan out 60months (i'm currently only have 41months left) at the same 28.99% rate (yeah right) to reduce my payments to $132 vs. $159/month. BUT I told the representative that it was a bad idea since I'll be paying about $1400 more in interest alone in the end, wow what a nice settlement
History of this personal loan. It originally started out as secured at 37% for $2,500 as I was buying my first car and I didn't have any credit history and was left to fend for myself after 18. I've been refinancing it unsecured multiple times (and also get extra cash) to a final interest rate of 28.99%. This is the best they could do for a guy with an EQ of about 695.
Amount $4,287.35
Past due: 16days (due date July 13th, 2007)
Dear XXXXXXXXXXXXXX,
Your account is seriously deliquent (really? 16 days is seriously deliquent?!?) and you have not taken any action to remedy the situation despite all of our attempts to get you to do so. (NOT true, I told them I would make both payments for next month, as a lie of course to hold them off) As you the date of this letter, 166.61 is past due on your account. (<----that sentence is hard to understand because I think it's suppost to say "OF" and not YOU?)
Thus, unless you contact us within ten (10) days of the date of this letter to make firm payment arrangements on your loan, we will be left with no recourse other than to proceed with legal action against you.
Legan action can be unpleasant and costly. It can also make it difficult for you to obtain credit in the future.
Please take this last opportunity to contact us immediately.
Sincerely,
XXXXXXX
Brand Manager
This is an attempt to collect a debt and information obtained will be used for that purpose.
If an attorney represents you (I'll show this to my attorney), please refer this letter to such attorney and provide us with the attorney's name, address, and telephone number.
To the extent you (yeah, it you read that right, YOU) obligations have been discharged, or are subject to an automatic stay under the United States Bankruptcy Code, this notice is for compliance and informational purposes only. This notice in either case is not a demand for payment or an attempt to collect a debt.
WAIT, hold up, how can this be an attempt to collect debt and also not on at the same time when the letter clearly states it's an attempt to collect in the first sentence AFTER the brand managers signature?
I'm LOLing inside, because I guess they don't know as of yet that I'm filing CH7 near the end of August/Begining of Sept
What legal recourse can be done within a month? Should I even bother contacting them? I'm showing this to my lawyer first thing Monday. They called me within days of being late and offered me a settlement by extending my loan out 60months (i'm currently only have 41months left) at the same 28.99% rate (yeah right) to reduce my payments to $132 vs. $159/month. BUT I told the representative that it was a bad idea since I'll be paying about $1400 more in interest alone in the end, wow what a nice settlement
History of this personal loan. It originally started out as secured at 37% for $2,500 as I was buying my first car and I didn't have any credit history and was left to fend for myself after 18. I've been refinancing it unsecured multiple times (and also get extra cash) to a final interest rate of 28.99%. This is the best they could do for a guy with an EQ of about 695.
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