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Everything posted by walterg55

  1. Have no idea what your letter actually is but mixing Fed violations and TX in the same letter is a fast train to nowhere.
  2. Some information: 1. Existing Mortgage is $178,000 House appraises at $272,000 before remodeling. Current loan is conventional with 5.25% rate and want to refinance anyway 2. Our Joint income is about $262,000, our DTI is about 20%, Our credit scores are 700 me and 740 her. Utilization might be high but not sure how much of a negative this is. 3. I am VA eligible We want to remodel and add on to our existing home. The work will cost about 80-100,000 and will add some square footage but also includes some landscape work. Not sure of reappraised value but estimate it to be in 315-325K range We don't want to put a lot of cash upfront but could put up to $15,000 What are our options Conventional and VA?
  3. Just wanted to drop in on this very interesting thread. I don't post much if at all but continue to read and lurk. I along with some others am proud to have had a hand the "Texas Mother" thread which has helped many of my fellow Texans fight back with the help of Texas laws which can put some fear into creditors. Helpful enough to be pinned I actually went to court and won several lawsuits on my own and have noticed over the years that some of my fellow Texan's took the same road with some success. CB was a turning point for me and I still benefit to this day.
  4. I recommend your friend be either judgment proof ie:insolvent or have violations to counter with. Poking a lot of OC's or JDB's while it's in SOL is asking for trouble
  5. I was under the impression that it could on the record for as long as 7.5 years which if my math is correct a DOFD of 12/2007 would drop 0n 7/2015
  6. NTTA is pretty easy to deal with. I had a $1500 notice from them last year. Turns out the card I had on file was hijacked and blocked and I overlooked NTTA when fixing, I had changed address and no forwarded notice was sent by NTTA. Went to the NTTA office paid the actual tolls and all was forgiven. Because NTTA uses JP court its $250 for each violation unless resolved. Doesn't take long at that rate to run up a big bill.
  7. In TX a lot of the JDB's and CA's do use JP Court, if the original amount was below 10K it is possible they got a judgement and have interest accruing which is legal in TX. Just a possibility here.
  8. There are circumstances which will reset the SOL but usually involves payment. I happen to agree that NO GOOD ever comes from talking to a JDB/CA If their lips are moving they are lying. If this is well out of SOL, then try to catch them in a violation and send an ITS and offer to settle for deletion, no resale, no 1099c, and kill the debt. Readily doable. Someone please point out to me the Law that says admitting to a debt resets SOL please.
  9. Is it possible that Fan holds a judgement against you?
  10. Think about other debts, particularly if in SOL. You are on the radar for someone. Very doubtful its a judgement, they usualy rear their ugly head fairly quickly.
  11. It is difficult when the OC uses a CA. It is stretching (maybe too much) but I would try a letter to Fan that basically is along the lines of Your Agent has violated so as Principal you Fan are responsible and I am gonna hold you legally responsible. If Fan takes any action or, and there is a little case law tha holds that collection reporting is collection activity, then the full weight of TFC and BCC17 can be brought to bear. Sketchy but what have you to lose.
  12. Sewer service: server says and certifies you were served, he just tossed it into the sewer, gets paid and moves on. You find out when a default judgement shows up
  13. In most jurisdictions, the account must be brought current to reset SOL. There are some states where that is not true. I do not believe NY is one of those states. Check the NY UCC . A minor payment that doesn't bring the account current usually has no real effect. Harris is shady as Hell and IMHO would file suit if he could. I would be concerned about sewer service and default judgement on his part but things like that are not as easy in NY as they use to be. I would be ABSOLUTELY sure of dates and such. SOL in and of itself might not prevent a suit from being filed it would serve as a strong defense. The amount is pretty considerable and greed often rules.
  14. Don't underestimate how sophisticated and how much info these "scammers" have. Real folks trying to serve you know it can't be attached to a DL and they don't call, they serve. Promise you it's a scam
  15. Happens all the time. Tell them Foad, if they violate, then an iTS letter may get an agreement to break the chain.
  16. I still see folks on here seeking out C1 cards. C1 is the DEVIL that is so well documented here it defies belief at times that folks would seek them out. but I still see it happening. There is only cure for C1: keep them out of your wallet forever and let your friends know why. I did notice this little bit of resentment on the part of OP that C1 wasn't being fair. A search for C1 on here would have told them that their good intentions were wasted on C1. If I had a dog like C! I would just take it out back and shoot it: kinder for all.
  17. you are missing BS on their part. Texas doesn't care about the 30 days or admitted. However, either stick with Fed rules or Texas rules, don't mix the 2 together. In the long run, it can be very important that you have kept them separate.
  18. AFAIK Texas has no such requirement. CA"s and JDB's would be quite happy for Texas residents not to know how powerful the Texas rules really are.
  19. They likely have something of yours or think they do. If you have an old OC debt that is either no longer reporting or shows as charge off with zero balance and sold they may now have it. They are keeping an eye on you. SP's don't matter. They may never show up or they could start tomorrow.
  20. lots of luck on this one. If the promise is not in writing, it never happened.
  21. I think one thing I am qualified to add is about suits and judgments. Do not assume because of the nature of your income, they wont sue. For whatever reasons the lawyers are not as smart as you think, they may very well sue. There is a possibility they will sneak a suit in and you end up with a default judgement, they can be easy to set aside but circumstances dictate that and sometimes its doesn't work. At the very least they can put you to a lot of time and effort. All it takes is one persistent lawyer and one not so bright judge.
  22. General wording is ok. The follow up letter if they fail after the initial 30 days is much more critical in terms of wording
  23. Don't be so sure it's not a scam. These guys can be pretty slick. Take the time to read the very lengthy Texas Mother thread. I would use Texas Finance Code 392 (read the Mother Thread) as the basis of my letter. Your situation may be tailor made for this approach. Don't focus on the Bond, its a side issue. By the way IMHO, attorneys serve you with a summons, they don't call and threaten to.
  24. To start with, get out your pen and start putting things in writing. A debt collector starts lying as soon as they pick up the phone. Until you get a PAPER trail you are gonna get run in circles. NEVER NEVER NEVER (get my drift here ) use the phone or speak to them on the phone. once you have shifted to paper you can get started on forcing them to comply. Based on my knowledge of payday loans (a little skimpy), you are in for a tussle here. Cash Store seems to be straight with you. Once they have sold the loan, they are done. Your real problem may well be that you are or have paid the wrong party. I would first find out IN WRITING who holds the loan and go from there.

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