Someone threatened me with a a judgement over cc debt

[lucidz]

Last night I got a call from someone who was claiming I owed them a debt f $4000 on a cc that was originally 1500. I Know sometimes people sell these off to collection agencies after they are charged off. I heard that you gain nothing by paying a charged off amount.

But this guy threatened me with a judgement and said they could put a lien on my car.

Is this true? He was calling from "an attorney's office" but i've had people do that before and its just another BS collection agency. Is this legit?

I cussed him out pretty good because they'd been hounding my relatives as well. He said he was going to send me a letter of demand. Is this for real? How should I proceed?

Thanks

[Debt Guy]

Q. Last night I got a call from someone who was claiming I owed them a debt f $4000 on a cc that was originally 1500.

A. Might be right. Depends on agreement you originally signed.

Q. I Know sometimes people sell these off to collection agencies after they are charged off.

A. Yes, they do. The new owner has every legal right of the original creditor.

Q. I heard that you gain nothing by paying a charged off amount.

A. Depends on what you mean. Paying will not increase your credit score. Paying will prevent judgments, garnishments and collection activity.

Q. But this guy threatened me with a judgement and said they could put a lien on my car. Is this true?

A. Yes. But it also depends on the laws of your state. Some property is exempt from attachment.

Q. He was calling from "an attorney's office" but i've had people do that before and its just another BS collection agency. Is this legit?

A. It is legit only it is really is an attorney. But, lots of attorneys do collection work so this is not unusual.

Q. I cussed him out pretty good because they'd been hounding my relatives as well.

A. You sound proud of yourself. Personally, I think such behavior us rarely constructive.

Q. He said he was going to send me a letter of demand. Is this for real?

A. Federal law requires a written notice within 5 days of the initial contact. So, yes, it probably is for real.

A. How should I proceed?

Q. Depends on your financial capability, what state you live in, when you last made a payment on the debt, what assets you own, whether or not someone else is obligated on the debt, who the collection law firm is, and your goals. More details will result in a more precise answer.

Now, don't cuss at me! You hear?