Posts Tagged ‘debt’

Answer to Comment on Money Entry

March 22, 2008

Cynthia, I appreciate your new comment. I have applied for the motleyfool.com forum but don’t think I have been accepted. Yes, being vulnerable is not a good thing sometimes. Eugenia

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Debt Collectors Putting on a Friendlier Face?

March 14, 2008

Dear Editor, I very much doubt that debt collectors can actually put on a friendlier face. They’re in business to collect. It’s as simple as that. Because of a foreclosure in GA, I got into credit card debt for the first time in my life. Some of the debt collectors calling me used unfair practices and I had to report them to the Federal Trade Commission. I was honest with all of them, but they were not honest with me. I feel that trying to pressure someone who tells them she has no money to pay is very offensive and a waste of time. If they’re debt collectors working on commission, they know that many people don’t owe money because they like it. They owe it because something bad happened and they just aren’t able to make the payments. Eugenia Renskoff

American Express Violation

February 13, 2008

Hello, In late December American Express wrote me a letter offering a settlement on my credit card debt. The amount of the debt was $1.057.20. The settlement was for about $600. I wrote them saying that I wanted them to cease communicating with me regarding this debt. I was unemployed and had lost my home to foreclosure. On January 16, 2008, they sent me a response telling me that they had received my Cease and Desist letter. They would stop collection efforts, but could go to litigation. Last week I received a phone call from American Express asking me why I had not paid the $1,057.20. This week, I got two more such phone calls. Tomorrow I am sending them another letter reminding them about their letter to me saying they would cease all collection efforts and pointing out to them that they probably have violated the Fair Debt Collection Practices Act. Eugenia Renskoff

Back Then

February 13, 2008

February 13, 2008: The help being offered by the government to those people facing foreclosure is welcome news. Getting a reprieve from one of the most horrible experience in a person’s life is good. At least, it gives them time to rhink and talk with the lender, and it could mean a new beginning. I did not have that type of luck back in 2005 when my condo in Atlanta was threatened with foreclosure. Although I tried everything, including suggesting a short sale to Novastar, the lender, it did not help. Nothing worked and suddenly that beautiful 2-bedroom condo was gone.

Collection

February 11, 2008

February 11, 2008: Each and everytime somebody from a credit card company calls and wants to know what to do about my account, what do I tell them? The truth. And it pains me to do that because then I am reminded again of all that has happened to bring me to this point in my life. The mortgage fraud issue. That’s the main thing, then living on charity. I hate that, but there is nothing else to do at this moment. It all started in 2002 and it’s still going on. Till when? Till I drop dead from sheer exhaustion?

Not Described

November 11, 2007

November 11, 2007: I cannot tell you or anyone just why this hurts so deeply, but it does. Being sued, being in debt and often not having enough money to eat or pay my bills is one of the worst experiences ever. It is hitting bottom in many ways, in the most humiliating way.
I wish I had never, ever set foot on GA.