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Fixing to hit 60 days past due and this one..

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    Fixing to hit 60 days past due and this one..

    Creditor has not so much as even called me....

    Strange, The other account called on the 8th day late....and every day after 5 times a day...but this one, not even a peep.....should I worry?

    #2
    Originally posted by wantout View Post
    Creditor has not so much as even called me.... Strange, The other account called on the 8th day late....and every day after 5 times a day...but this one, not even a peep.....should I worry?
    It's impossible to know how each individual creditor is going to react to late payments or how aggressively they will pursue getting their money back.

    With the poor ecomony and so many job losses, some creditors have figured out they can't get blood from a turnip - why waste time trying to collect what people don't have? It costs money to attempt collection, money the company may not have themselves. Other creditors write off the debt and take the tax break - makes more financial sense to them sometimes. Still others have found that debtors have moved or changed phones, and they prefer to focus on the debtors they do have reliable contact information for. Etc, etc.

    As you can see, there are lots of reasons you may not have heard from one creditor at all. Should you worry? No. Just be sure that if you are planning to file bankruptcy, include the silent creditor along with all the others.
    I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

    06/01/06 - Filed Ch 13
    06/28/06 - 341 Meeting
    07/18/06 - Confirmation Hearing - not confirmed, 3 objections
    10/05/06 - Hearing to resolve 2 trustee objections
    01/24/07 - Judge dismisses mortgage company objection
    09/27/07 - Confirmed at last!
    06/10/11 - Trustee confirms all payments made
    08/10/11 - DISCHARGED !

    10/02/11 - CASE CLOSED
    Countdown: 60 months paid, 0 months to go

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      #3
      Oh I am filing, hope to have my attorney paid for this month, October for sure.

      Yes this silent creditor is one of the 2 reasons I am filing.

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