BILL Collectors

[jeff69]

What is the name of your state? MI

I stopped paying my credit card balances this month and I'm trying to hold off filing chp 7 for as long as I can but I'm getting bombarded with phone calls from my credit cards. I told each one that the check is in the mail.

Question 1: Based on anybody's experience in this board, will they stop calling till the next due date or will they call again after realizing that the check won't be coming?

Question 2: When will they start using bill collecting agencies?

Question 3: Has anybody here experienced bill collectors going to their homes to collect the payments and when did that happened after you stopped paying?

The reason I'm asking is that I don't want my Landlord to find out. He might throw me out in the street.

Thank you in advance.

 

[bigun]

Just get caller ID and be done with it. If you're really going to file, no need in getting involved in a conversation. They likely won't turn it over to 3rd party collectors until chargeoff in 6 months. Nobody will knock on your door unless you've a loan out to a local finance company. In any case, the landlord can't toss you unless you don't pay the rent.

 

[JETX]

"Based on anybody's experience in this board, will they stop calling till the next due date or will they call again after realizing that the check won't be coming?"
*** Depending on the aggressiveness (and policies) of the creditors, the calls could hold off until the next due date but I doubt it. I would presume they will start anew as soon as they realize they have been lied to.

"When will they start using bill collecting agencies?"
*** Again, that depends on the creditors policies, but normally will start about 4 to 6 months after your breach.

"Has anybody here experienced bill collectors going to their homes to collect the payments and when did that happened after you stopped paying?"
*** Unless you live in a very small town and the creditor is your local butcher shop, I doubt that you will ever have direct contact with a creditor or collector (until the sheriff knocks with a summons or service of lawsuit).

"The reason I'm asking is that I don't want my Landlord to find out. He might throw me out in the street."
*** Do you have a current term contract ?? Are you current on your rent?? If yes to both, the landlord can't kick you out. However, if you are a month-to-month, the landlord can terminate your right to tenancy with a simple written notice.