x-large debt

You could have a violation right there and not know it. How old is the debt and what state are you in? YOu need to find out for SOL purposes (legal SOL).

Well... either drunk with the koolaid or are using this as an excuse to cut benefits (person nearing retirement)... The $6,000 credit/medical debt is NOT bad credit (so long as the person is paying/made arrangements).

Do not keep procastinating, send that DV letter now, CMRRR. A DV is simply not somethine that is going to keep them necessarily (from collecting) but mainly to proctect your rights. As for lawsuit, it has been testimony of others that Cap 1 is more prone to sue than other creditors. In addition, if you have assets (own home, car?) or have a known place of employment your chances of a lawsuit just went up even higher. Therefore since they are likely to sue, then do the best you can to claim your rights thru a timely sent DV letter.

^ Look up George's post or see my signature below. If a collector company is only communicating with you via phone, while failing to mail you letters, you should question that. I would check their status with the attorney general for your state (for example: possible required licensing to collect in your state, needs registration to do biz as a collection biz in your state, required bond, etc). Many of them squeak-by or attempt to collect in states where they may have been banned or denied license for past bad behavior AND for that reason they will NOT mail anything to you... to keep a low profile. Read the FDCPA and when you are ready to file complaint with the FTC focus the complaint on the actions clearly being committed illegally or fraudulently and not whether or not a collector will negotiate with you. That's how you grasp their attention: primarily FDCPA and also FCRA possible illegal activity...

Don't contracts for services over 12 months have to be in writing and signed in order to be binding, or legally enforceable, contract?

The economy is bad enough as it is. Consumers overall have had some tough experiences to overcome mostly imposed by banking insitutions, but hey.. lets just add more fuel to the fire, see if we can totally wreck this. If I walk in a restaurant with $20 cash, and I see something on the menu that am tempted and willing to try for the $30 advertised am NOT going to risk ordering it if am somehow going to be subject to a price change depending on how I pay for this, or if am limited to what am allowed to pay with... how dumb is this!!

Lots of good info to know! I didn't realize that the (bolded below part) info may be sold too...

you would still owe, even if it is later on down the road. They called the loan early on due to what they consider a breach at this point. Either way you put it, there was a breach... wouldnt a failing grade be a breach as well on your part at least? Had the school record kept the original failing grade, would you have been able to continue to be qualified for an MBA enrollment and obtain more school loans for that purpose? Work out a payment arrangement right now; Convince them that obviously you obtained this loan to achieve higher education that would permit you to make more money in the future. However you are not there just yet and you need a temporary payment arrangement now. Maybe that would keep it off the reports?

She's already filed with the OCC.. and have been of no help. and they have appealed ?... keep up with other methods... the BBB... even Youtube your complaint.

File a complaint away... http://helpwithmybank.gov/complaints/index.html

If you did not cancel within the three days then you accepted the study package claims "as is" and the financial contract became your responsibility. Unless you can prove fraud**, my idea is to propose a PFD to the OC to settle this amicably and write it off as a valuable life lesson. **Note: You may want to find out if the state Attorney General has launched an investigation into the company's claims and whether they have been fined or have a lawsuit pending against them... now that *may* help support your claims right there.

( a ) calm down as others suggested, one cannot make rational decisions based on emotions. ( B ) $50k is a high enough of debt to trigger lawsuit based on the amount alone, whether you DV or not. ( c ) Therefore a DV *may* help you... in case of claims you may develop against the debt collector. It may also develop a path into settlement plan for you with the creditor. Most importantly a DV will preserve your Federally protected rights. (d) a debt collector will call.. and call.... until you finally answer (which doesnt mean you have to pick up the phone, but you can answer in writing) and tell them the calls are incovenient... They may call again, but now they will be breaking law. (e) Being ashamed is not going to make the debt go away... talk with your parents, what is the WORSE that can happen out that conversation? ( f ) Read the FDCPA, find out if your state provides additional consumer protection rights against debt collectors and if so study those as well. ( g ) If you end up settling, find out the correct way to settle debts so that this situation is resolved in a legal manner that won't come haunt you later on.

Dont wait too much longer to respond! Never wait till the last minute to mail it. Mann Bracken is in liquidation mode right now and probably sold the debt en mass along with who knows how many millions of others. Your options are (a) a standard DV letter with a limited cd or ( b ) full cease\ desist if you are 100% on the SOL and no longer want to be bothered. Mail it CMRRR = "Certified Mail with Return Receipt Requested"

please go after them!... question.. are u communicating/dealing directly with "FIA" card services because even though they are BOA... ("affiliated" in all technicalilty) ... they can claim bone fide error for various reasons including you not communicating directly with them.