Collection Of America CACH Law Offices Of J A Cambece numerous phone calls, disrespectfull messages left multiple times a week Peabody Massachusetts

CACH (and many of the other collections bottom-feeders) will try to trick you like this: Say that after all their interest, penalties, and fees, your $5000 debt has grown to $7500. CACH shows up, and offers to take $6000. Here's the fun part: The agreement CACH sends you says that if you pay the $6000 agreement in full by such-and-such date, the original debt will be discharged. You pay the money, then CACH sends a letter to the IRS saying that they have "forgiven" a debt of $7500 and YOU have to pay taxes on the $7500.

Whenever you speak to these people, whether they appear pleasant or not, when you come to some agreement you need to let them know that you will only accept the agreement if it's in writing, with that person's name attached and signed.

However, I disagree with dealing with any type of collection agency or their attorneys at all. There is NO law that says that you have to deal with them, period. Collect America is not your creditor, the credit card companies are. However, CACH, Collect America or whoever they claim to be now, most likely purchased your junk debt from them for pennies on the dollar and are attempting to collect the full amount plus interest from you. Want to take Collect America out of the loop completely? Send them the cease communication letter, which I've attached my own that I use, modify it to your needs if you wish. Good luck.


Date



(Collection company name)
(Their address)

RE: (Their account number and original creditor if you know it)


This certified letter shall serve as your formal order to CEASE AND DESIST ALL COMMUNICATION with me in any fashion regarding this matter. I have decided that I don't wish to work with a collection agency or other such company or firm. I will discuss this matter ONLY with my creditor.

If you violate this ORDER, your company and/or employees who knowlingly violate federal law under the FDCPA, which is the Fair Debt Collection Practices Act of Congress, shall be subject to legal and/or criminal charges being filed against them.

Give this matter the attention it deserves and govern yourselves accordingly.

Very truly yours,


(Sign your name)

Type Your name



Hey, good luck! Keep up the fight!

p.s.- If all else fails, and you do get a judgement against you in court, you can always file bankrupcty and the judgement will become null and void. However, remember to NOT ignore a summons to court, and DO file an answer if you are sued, within the specified time the court gives you in the notice.

DO NOT trust ANYONE in the CAMBECE office or any other collector! They will rob you!! Guaranteed!!

Get any deal in WRITING before making a payment.

You will be very sorry if you do not take this advice.

GUARANTEED!!!

No oral contracts ever work in this type of situation. good luck!

I guess these guys arent that bad once you talk to them. Try to get the GM on the phone, hes a really nice guy that will try to work with you.

Thanks for the info steve. The thing is I do want to pay back the money that I spent. I just cant pay it back right now. Does anyone think because Im in college they will have leniency with me and give me some time to pay it off? Should I/Can I take out a student loan to just cover the whole payment? Do you think the company would settle with me and let me pay a fraction of what I owe? Sorry for all the questions guys but Im lost here and the clock is ticking. I feel the weight of the world on my shoulders, its horrible.

Again everyone, thanks for all the help.

I guess that may be my only option huh? I thought credit cards stopped accumulating interest after a year or so of not being paid. Also, I have heard if it is credit card debt you have and not morgage, loans or vehicle notes you can actually settle for way less than what you owe. Does anyone have any suggestions on what I should do? Should I call these people this week? Or should I write one of those "dont call me anymore, you have to write me, the cease to communicate or something like that". Does anyone think these people would actually bring me to court? I own nothing, there is literally not 1 thing in my name. Someone mentiioned something about being 'suit qualified', meaning you own property, have a job, trust funds etc. I have non of this so maybe they wont try to sue me due to the fact I have nothing. Im so lost on all of this, it has literally ruined my whole life.

I guess that may be my only option huh? I thought credit cards stopped accumulating interest after a year or so of not being paid. Also, I have heard if it is credit card debt you have and not morgage, loans or vehicle notes you can actually settle for way less than what you owe. Does anyone have any suggestions on what I should do? Should I call these people this week? Or should I write one of those "dont call me anymore, you have to write me, the cease to communicate or something like that". Does anyone think these people would actually bring me to court? I own nothing, there is literally not 1 thing in my name. Someone mentiioned something about being 'suit qualified', meaning you own property, have a job, trust funds etc. I have non of this so maybe they wont try to sue me due to the fact I have nothing. Im so lost on all of this, it has literally ruined my whole life.

I guess that may be my only option huh? I thought credit cards stopped accumulating interest after a year or so of not being paid. Also, I have heard if it is credit card debt you have and not morgage, loans or vehicle notes you can actually settle for way less than what you owe. Does anyone have any suggestions on what I should do? Should I call these people this week? Or should I write one of those "dont call me anymore, you have to write me, the cease to communicate or something like that". Does anyone think these people would actually bring me to court? I own nothing, there is literally not 1 thing in my name. Someone mentiioned something about being 'suit qualified', meaning you own property, have a job, trust funds etc. I have non of this so maybe they wont try to sue me due to the fact I have nothing. Im so lost on all of this, it has literally ruined my whole life.

First of all, FEDERAL law requires that a bad debt be charged off after 6 months delinquent which means that default interest can only be charged for the first 6 months. After that, FEDERAL law sets the POST CHARGE OFF interest rate which is substantially lower, at last I checked was 6 or 8%.

As far as the phone calls go, this is easy. Under the provisions of the FDCPA you can send a CEASE COMMUNICATIONS request. Send this by certified mail, return reciept requested. Put the certified# on the letter itself and keep a copy for your records.

Now when they violate your LEGAL REQUEST, you sue them under the provisions of the FDCPA. Step up to the payment window. Collect your money from these GENUINE bottomfeeders.

This is all very simple.

And, since you own nothing, they can get nothing except a worthless judgement.
Then they can get a wage garnishment order if you ever get a job, at which time you simply file BK.

Done.
>>>
Faron
Houston, Texas
U.S.A.

There aren't many choices for you to do
You may have it in your mind to wait 3 years and attempt to pay these off but the problem is they will have accrued a ton of interest on them because the interest rate will be a default rate and will be probably 30%. You would be looking at over $100,000 to pay back. Even if they are nominal and are around 15%, this would be over 50K.

You state you're taking six courses so there is no time for finding a part-time job. Since there is no money coming in and there is no good relationship with your parents, the only option that would work is to consider to file for bankruptcy protection. I am no attorney, but I don't see any other way unless some of these other factors above change and you have some means in the meantime to pay these off. They are not going to wait three years and will harrass the hell out of your parents which will further the wedge between you and them. Bankruptcy just appears to be the only option, given your circumstances. It's on your record for 7 years so it does come with obtacles. Others may have some other ideas, but I don't see it. Good luck in whatever you decide to do.
>>>

First of all, FEDERAL law requires that a bad debt be charged off after 6 months delinquent which means that default interest can only be charged for the first 6 months. After that, FEDERAL law sets the POST CHARGE OFF interest rate which is substantially lower, at last I checked was 6 or 8%.

As far as the phone calls go, this is easy. Under the provisions of the FDCPA you can send a CEASE COMMUNICATIONS request. Send this by certified mail, return reciept requested. Put the certified# on the letter itself and keep a copy for your records.

Now when they violate your LEGAL REQUEST, you sue them under the provisions of the FDCPA. Step up to the payment window. Collect your money from these GENUINE bottomfeeders.

This is all very simple.

And, since you own nothing, they can get nothing except a worthless judgement.
Then they can get a wage garnishment order if you ever get a job, at which time you simply file BK.

Done.
>>>
Faron
Houston, Texas
U.S.A.

There aren't many choices for you to do
You may have it in your mind to wait 3 years and attempt to pay these off but the problem is they will have accrued a ton of interest on them because the interest rate will be a default rate and will be probably 30%. You would be looking at over $100,000 to pay back. Even if they are nominal and are around 15%, this would be over 50K.

You state you're taking six courses so there is no time for finding a part-time job. Since there is no money coming in and there is no good relationship with your parents, the only option that would work is to consider to file for bankruptcy protection. I am no attorney, but I don't see any other way unless some of these other factors above change and you have some means in the meantime to pay these off. They are not going to wait three years and will harrass the hell out of your parents which will further the wedge between you and them. Bankruptcy just appears to be the only option, given your circumstances. It's on your record for 7 years so it does come with obtacles. Others may have some other ideas, but I don't see it. Good luck in whatever you decide to do.
>>>

First of all, FEDERAL law requires that a bad debt be charged off after 6 months delinquent which means that default interest can only be charged for the first 6 months. After that, FEDERAL law sets the POST CHARGE OFF interest rate which is substantially lower, at last I checked was 6 or 8%.

As far as the phone calls go, this is easy. Under the provisions of the FDCPA you can send a CEASE COMMUNICATIONS request. Send this by certified mail, return reciept requested. Put the certified# on the letter itself and keep a copy for your records.

Now when they violate your LEGAL REQUEST, you sue them under the provisions of the FDCPA. Step up to the payment window. Collect your money from these GENUINE bottomfeeders.

This is all very simple.

And, since you own nothing, they can get nothing except a worthless judgement.
Then they can get a wage garnishment order if you ever get a job, at which time you simply file BK.

Done.
>>>
Faron
Houston, Texas
U.S.A.

There aren't many choices for you to do
You may have it in your mind to wait 3 years and attempt to pay these off but the problem is they will have accrued a ton of interest on them because the interest rate will be a default rate and will be probably 30%. You would be looking at over $100,000 to pay back. Even if they are nominal and are around 15%, this would be over 50K.

You state you're taking six courses so there is no time for finding a part-time job. Since there is no money coming in and there is no good relationship with your parents, the only option that would work is to consider to file for bankruptcy protection. I am no attorney, but I don't see any other way unless some of these other factors above change and you have some means in the meantime to pay these off. They are not going to wait three years and will harrass the hell out of your parents which will further the wedge between you and them. Bankruptcy just appears to be the only option, given your circumstances. It's on your record for 7 years so it does come with obtacles. Others may have some other ideas, but I don't see it. Good luck in whatever you decide to do.
>>>

You may have it in your mind to wait 3 years and attempt to pay these off but the problem is they will have accrued a ton of interest on them because the interest rate will be a default rate and will be probably 30%. You would be looking at over $100,000 to pay back. Even if they are nominal and are around 15%, this would be over 50K.

You state you're taking six courses so there is no time for finding a part-time job. Since there is no money coming in and there is no good relationship with your parents, the only option that would work is to consider to file for bankruptcy protection. I am no attorney, but I don't see any other way unless some of these other factors above change and you have some means in the meantime to pay these off. They are not going to wait three years and will harrass the hell out of your parents which will further the wedge between you and them. Bankruptcy just appears to be the only option, given your circumstances. It's on your record for 7 years so it does come with obtacles. Others may have some other ideas, but I don't see it. Good luck in whatever you decide to do.