Legal Question in Credit and Debt Law in Georgia

collection agency

I had been making monthly payments to a collection agency on a credit card debt which had been deemed as a ''write-off'' on my credit report. Due to my financial situation, I stopped paying the collection agency in 2004. I have recently been contacted via phone by a law firm who was retained by the origional provider, and demanded payment on this account of $2000.00 immediately, or face ''further litigation''. What recourse, if any, do I have in this matter?


Asked on 6/26/09, 12:06 pm

2 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: collection agency

THEY are likely the party with recourse to collect. The obvious best option is to honor your obligation and make arrangements to pay. Perhaps they will agree to include a positive note on your credit report. If by "recourse," you mean whether you can continue avoiding the debt, you probably can. Your may or may not get sued - that will be up to the creditor/collector/lawyer.

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Answered on 6/26/09, 12:10 pm
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: collection agency

Writeoff has nothing to do with owing money. It's actually a derogatory note that they consider you a deadbeat. If the debt is within the statute of limitations, generally your two choices are to pay or go bankrupt, assuming you qualify.

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Answered on 6/27/09, 12:20 am


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