Quick question

[docwebster]

If a given person is trying to pay a secured debt in full in verifiable good faith and the company to whom the debt is owed seems to be actively trying to not get paid, what does that do to the debt?

Comments

[audacian.livejournal.com]

Haha, I'm not sure. It depends on what you mean by "actively trying to not get paid."

[docwebster.livejournal.com]

Little things like pointing you to a toll free number to talk to someone, then that turning out to a recording that points you to a website which points you to somebody else who has no idea what these people are talking about. Never mind stonewalling a vital piece of information that would get them the money owed.

[audacian.livejournal.com]

Huh. That sounds rather stupid. :) I'm inclined to say I would conveniently forget about it if there were no late fees or penalties involved, but when they realize their error that might mean you end up in collections and that isn't worth it. Maybe call your Attorney General's office?

a catch:

[http://users.livejournal.com/_duncan/]

Secured. If secured with cash I'd call the "debt" a withdrawl. If secured with property it sounds like a lawsuit waiting to happen.

[midnightmadness.livejournal.com]

Is it on your credit record? If not, escrow the money and fuck 'em until they want to get paid - if it is, dispute it saying "company refuses to verify debt / repayment terms". Fuck phone numbers / calling - write it. Insist it's ALL done in writing and through the U.S. mail (there's some heavy duty penalizations for mail fraud, and all but the most dense of companies will be pretty straightforward when communicating that way). While it's nice that you want to just settle it, unless it's counted against you on record somewhere, it's not your job to make sure they get paid.

[lizzibabe.livejournal.com]

I will agree and state that writing is the way to go for debts that are owed. It also may be a good idea to pay extra for certified mail with return reciept. that stuff helps your case if you have to dispute it if it goes to collections.

Thus sayeth the banker.

[docwebster.livejournal.com]

Okay, hon. Miss da Babe.

[lizzibabe.livejournal.com]

miss you too, sweets.

[docwebster.livejournal.com]

Well, if this whole deal we're going through goes south you might not have to miss me he said wryly.

[lizzibabe.livejournal.com]

Hey, gonna miss ya anyway, goofymans. now hush up and expect the best, while preparing for the worst. try not to dwell on it.

[acedyth.livejournal.com]

And I agree with everything everyone else has said, to date.