More Wells Fargo CC collections

[sunshinepa]

Thank you Catleg!!! Well, for now, Linda, Emily, Andy and Greg are still calling from CapOne...

Phone calls seem to have died from WF...I think I'll call the person back next week and see if I can stall...

Nah, they are just slowing down the number now, they'll call back by next week, just wait and see! They called me for 9 mos. and only stopped a few weeks later. I think your still good!

[IamOld]

Nah, they are just slowing down the number now, they'll call back by next week, just wait and see! They called me for 9 mos. and only stopped a few weeks later. I think your still good!

I kind of hope so...they charged off $7200 :-(

[sunshinepa]

Yep, they charged off 7500 for me.....still think you have some time!

[IamOld]

yep, they charged off 7500 for me.....still think you have some time!

thanks!!!!

[IamOld]

Guys - just an update - WF just sent me a letter stating that they've pulled back the account from all collections agencies, and they want the entire $7K balance in full or they will be turning the acct over to attorneys. Is this the time to send them back a letter say...in 2 or 3 weeks, referring them to my bk Atty?

[IamOld]

Sorry for the double post - and - GE/Walmart sent me a letter to send them $12 or chargeoff, etc. I think one of you guys always said that if you pay one, "they" will know and thus think you actually have $$ for these cc's....

[bcohen]

Don't even worry about it. Even assuming that Wells Fargo refers the account to an attorney in your city, there is absolutely no chance that they will be able to bring suit and obtain a judgement by September when you are going to file. First, it will take a week or two for the account to be transferred to the attorney and for them to send the required FDCPA notice letter. If you wait 20-25 days before sending out the dispute/verification letter (making sure to send it certified mail return receipt requested) this will stall out any potential legal action for another month. And of course (in my experience anyways) the collection law firm will send a number of dunning letters over the course of several months before bringing suit.

In fact, I have a charged-off $26k Citibank Mastercard which was sold to Unifund and then referred to a collection law firm as well as a charged-off $7k Discover card which has been referred to more than one law firm over the course of 2+ years and yet no one has sued yet! I just periodically get dunning letters and settlement offers and other letters notifying me of the fact that they don't have any way to contact me by telephone to discuss this delinquent account. The beauty of having an unlisted home phone!

Of course, I live in a rental apartment and I don't have any vehicles or investments titled in my name. I suppose that if I owned a house, or had an expensive car titled in my name then I'd have been sued ages ago. Do you own anything that might make the creditor more eager to sue?

[IamOld]

THanks!!!!

Well we have a house - NOT an expensive house and it's underwater and two ordinary GM cars...also underwater :-)

AND a credit report that is WORSE than 100% of the population!!! :-)

I think you're right - I should be good to Sept...just wanted to give an update and get the wisdom of the forum for which I shall always be very thankful!!!

Don't even worry about it. Even assuming that Wells Fargo refers the account to an attorney in your city, there is absolutely no chance that they will be able to bring suit and obtain a judgement by September when you are going to file. First, it will take a week or two for the account to be transferred to the attorney and for them to send the required FDCPA notice letter. If you wait 20-25 days before sending out the dispute/verification letter (making sure to send it certified mail return receipt requested) this will stall out any potential legal action for another month. And of course (in my experience anyways) the collection law firm will send a number of dunning letters over the course of several months before bringing suit.

In fact, I have a charged-off $26k Citibank Mastercard which was sold to Unifund and then referred to a collection law firm as well as a charged-off $7k Discover card which has been referred to more than one law firm over the course of 2+ years and yet no one has sued yet! I just periodically get dunning letters and settlement offers and other letters notifying me of the fact that they don't have any way to contact me by telephone to discuss this delinquent account. The beauty of having an unlisted home phone!

Of course, I live in a rental apartment and I don't have any vehicles or investments titled in my name. I suppose that if I owned a house, or had an expensive car titled in my name then I'd have been sued ages ago. Do you own anything that might make the creditor more eager to sue?

[tobee43]

i agree...no way, it takes time you have to get served, then a you have some time to answer the summons, then a court date...and then a stall....

[sunshinepa]

Guys - just an update - WF just sent me a letter stating that they've pulled back the account from all collections agencies, and they want the entire $7K balance in full or they will be turning the acct over to attorneys. Is this the time to send them back a letter say...in 2 or 3 weeks, referring them to my bk Atty?

Again, you still have plenty of time. Just sit back, wait until you get an actual notice from their attorney. Then remember to do the validation last day or really, just give it to your atty.

Gosh, I just can't wait until you get to file and can tell them all ......well, you get the drift......LOL!

[IamOld]

Just an update...calls definitely stopped!!!

[nokia123]

Just an update...calls definitely stopped!!!

They are just resting a bit....they will be back.

[IamOld]

They are just resting a bit....they will be back.

Of that I'm sure of...just in the form of what law firm :-)

[IamOld]

AHA!!! Heather just called and needs to hear from me today so my file won't be "acted upon" today.

[catleg]

One of these days that'll be a serious threat.