can a company who bought my credit card debt file a judgement on me?

Question by sweetnchunky: can a company who purchased my credit card debt file a judgement on me?
I was hurt and lost my job 6 years ago, I only paid what I could afford to. I had a credit card that I let go. The card company charged it off and the debt has been sold many times since. Now the latest company who has purchased the debt has filed papers in my local county court to place a judgement on me for the unpaid money. Can they do this? I thought that only the original company could do this?

Best answer:

Answer by v b
Did you ever get a 1099-C for the cancelled debt? When the debt is legally charged off, they have to issue you one if the debt is more than 0. (Then it’s taxable income on your tax return.)

If you didn’t get the 1099-C, they might have never really cancelled it and yes, if they sell it, it’s a legal debt still. The mortal who purchases it can take you to court.

What do you think? Answer below!

Some Thoughts on Bankruptcy

Some Thoughts on Bankruptcy

If you have found yourself overburdened by debt and your income at the present time is not enough to cover your bills than you might want to think about bankruptcy as one of your options. If this is the case then there are a few things that you will want to take into consideration. You sertainly don’t want to let your creditors know that you are considering bankruptcy, or they make the preemptive move of seeking a default judgement against you.

If you are going to try to negotiate with your creditors then you should seek out the help of a credit counselor who can assist you in this area. If you have prefabricated the decision file for bankruptcy then you will definatly need the help of a eligible bankruptcy attorney. After your attorney files the papers at the court clerks office your creditors will then be notified that you intend to have your bills discharged.

This will be the beginning of your creditors trying to negotiate with you seriously. Your attorney can advise you on these matters, because one of the things that they will try to get you to do is to reaffirm your loans which will make them exempt from bankruptcy proceedings. Depending on what they are offering you you might select to do this and this is quite often the case.

You have to bear in mind that a bankruptcy will alteration your credit for years to come and it will be very difficult to get credit with a bankruptcy on your record. There are many things that a good credit councilor can do for you such as arranging a low interest individualized loan that you can use to pay off any burdensome high interest debt that you might have. It is important to bear in mind that bankruptcy should always be your last resor

More Default Judgement Articles

How can I make a personal property insurance claim when the police will not allow me to file a report?

Two months ago, I took individualized property to an ex-friends home. He moved and his whereabouts is unknown and with him went my property. My insurance company claims that my individualized property is considered Covered. My insurance company has said that in order to process a Loss, I must file a police report; the claim forms support this requirement.

Here is the problem: According to the Police Dept., they can't take, nor might I file, a Police Report. The Police Dept. has said that this situation is NOT a criminal matter; it is a civil matter known as a “Breach of Trust.” Also, the Police have said that my only recourse is to sue the mortal who took my property when he moved. And, I know that his act was deliberate as I tried to collect my property several times prior to his disappearance.

I have already informed my insurance company the circumstances surrounding this Loss.

Since a report is required by my insurance company, how can I possibly proceed with this matter?
My insurance company told me emphatically that my property “Off Premises” is covered unconditionally, period. It is the inability to file a Police Report that is holding up this entire matter; and, the Insurance Company said that they, and myself as well, can't make the police do what they are not going to do.

I hope this helps. Thanks