- Report: #396787
Report - Rebuttal - Arbitrate
Complaint Review: Preferred Credit Inc
Preferred Credit IncP.O. Box 1619 Saint Cloud, Minnesota U.S.A.
Preferred Credit Inc Threatening to file form 1099 C against me and there by have any tax return I may be entitled to taken away Saint Cloud Minnesota
*Consumer Comment: Do you ever READ the complaints Laurie?
*Consumer Comment: FIGHT BACK
*Consumer Suggestion: 1099 is to report imputed income.
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I had a motorcycle accident about 3 months after buying this vacuum, and had financed the cost of the vacuum. I still made payments for as long as I was able, but I lost my job due to my injuries. I lost my place to live, and several months later, had a divorce with my wife. I have been rather low and unable to pay even monthly 'survival' bills without assistance for almost 3 years.
I just started to reach a point where I was getting on my feet. I was going to buy a truck with my tax return so I could start a second job, and be able to get all my debtors paid off. I owe less than $10,000 dollars.
If they take my tax return, then I am just as bad off as I started. I need a vehicle, there is no public transportation in my city.
I read the IRS's web site about this form, and who can file it and how it works, but I do not quite understand how this will affect me and my 2008 tax return. The total debt to this debtor is $1109.
Can they do this? What is the effect? I told them from day one what was happening, and kept them informed all along the way, shouldn't they have to wait? I have even been homeless for several months, and ended up sleeping on a family member's couch. What are my options here? Can I do anything to help myself? I am living pay check to pay check now, with less than $20 a month to spare, and I have other debtors! This is why I was going to get a second job with the acquisition of a vehicle.... Anybody got any experience with this?
This report was posted on Ripoff Report on 12/01/2008 09:32 PM and is a permanent record located here: http://www.ripoffreport.com/r/Preferred-Credit-Inc/Saint-Cloud-Minnesota-56302/Preferred-Credit-Inc-Threatening-to-file-form-1099-C-against-me-and-there-by-have-any-tax-396787. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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