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someone called around 7 pm on a wednesday offering a settlement or i would be served with legal documents and then sued. i callled the 1888-505-4942 number and was spoken to in an unprofessional manner. i was accused of being sued three times and that i had a mastercard open with their agency, they also said my credit report was tarnished. i am a homeowner and i had to pay off all of my debt with all three credit reports being a single parent and first time homeowner.as of right now i have good credit and i currently do own my home so none of this could be true. the man who spoke to me had raised his voice and then transferred me to another employee (female) after i had tried to explain my feelings and how apauled i was at these accusations. the female i spoke too in turn hung up on me. this ordeal was ridiculous especially because we have caller id and it showed up as a private number. this was an unbelievable disruption and totally uncalled for. they also never stated their names and the man who yelled at me had no facts or dates to back up his accusations.
Caller: name not stated.
He called my in-laws home as well as my employer stating that he had some legal documents to serve me with. Upon calling the number, it is a company called A&M Associates. Stating I opened a credit card in 2007 and I have a 1033.57 balance and he's giving me a chance to take care of the bill before it goes to collections. Don't trust them, I didn't open any credit accounts with this company.
Caller: AM Associates
Best Answer - Chosen by Asker
It can be very stressful on some people. You will also start getting letters in the mail from them that may eventually turn more demanding.
Bottom line is that credit cards are unsecured so they can not take your car, house, furniture, etc. Their only recourse is that they can really damage your credit rating and or garnish your wages.
I would suggest contacting each of your original credit card creditors (not the creditor of record) and ask to have the account closed; this will stop interest from accruing. But this is rarely the answer. Or a debt will continue to grow. So it's best if you settle with them as it'll save you money. Ask for a final bill and then just try to pay a certain amount on each balance if possible or put them aside and concentrate on your mortgage and children.
If you have a credit card with a low balance with available credit it may be a good idea to keep one card for emergency situations (unless you have some savings available) and just pay the minimal amount or even concentrate on paying it off (to save on interest charges).
Once you start earning more income, either try to pay off the balances of the closed accounts little by little or if you're in the position to, contact each credit card company directly and make an offer to pay a % (usually 50-70%) of the balance owed (think about your offer before you call them). If you choose to do this, stay firm on your offer and document everything. Request to mark the account paid in full (keep all documentation and proof of payment). Most companies will accept this because they feel that something is better than nothing. They may make a counter offer and they'll most likely end up calling you back to accept the offer. Good luck
A woman left a message on my answering machine asking to call back the number immediately as there is a complaint filed against me, and that she can't tell me more, since it's confidential. I got suspicious and contacted my attorney. Do not trust any calls from the number.
Chosen by Asker
It can be very stressful on some people. You will also start getting letters in the mail from them that may eventually turn more demanding.
Bottom line is that credit cards are unsecured so they can not take your car, house, furniture, etc. Their only recourse is that they can really damage your credit rating and or garnish your wages.
I would suggest contacting each of your original credit card creditors (not the creditor of record) and ask to have the account closed; this will stop interest from accruing. But this is rarely the answer. Or a debt will continue to grow. So it's best if you settle with them as it'll save you money. Ask for a final bill and then just try to pay a certain amount on each balance if possible or put them aside and concentrate on your mortgage and children.
If you have a credit card with a low balance with available credit it may be a good idea to keep one card for emergency situations (unless you have some savings available) and just pay the minimal amount or even concentrate on paying it off (to save on interest charges).
Once you start earning more income, either try to pay off the balances of the closed accounts little by little or if you're in the position to, contact each credit card company directly and make an offer to pay a % (usually 50-70%) of the balance owed (think about your offer before you call them). If you choose to do this, stay firm on your offer and document everything. Request to mark the account paid in full (keep all documentation and proof of payment). Most companies will accept this because they feel that something is better than nothing. They may make a counter offer and they'll most likely end up calling you back to accept the offer. Good luck