what can they do to me?

[muppo]

What is the name of your state?
I live in Rhode Island. And I am a chronic not payer of debts.
now in the past I have refused to pay bills anywhere from 30 to 270 bucks. In all I have mabye not payed 20 or more bills in this range. Now all they ever did is threaten me. collections agencies keep sending me envelopes saying pay or else!! (actually they kind of stopped coming in the past two years) All these bills I did not pay were over the past 6 years and I never actually had to pay any of it.
now I am contemplating not paying my credit card bill. it is at 3000 and it is with mbna. can they do anything more to me than threaten me?? what is likely to happen?
all I own is a 96 civic.

 

[kopes]

I have an account with MBNA for about 4K that I quit paying on. They called every single day for about 2 months, then the debt was charged off and sent to Wolpoff and Abramson. W&A began calling and sending letters. I sent a C&D letter to them, and they quit calling me. Never got a letter from them either. Three months went by and they called again, twice. I ignored them. Another two months went by and then I got served with arbitration papers. I sent the refusal to arbitrate letter CRRR and have not heard from them since. This was about 2 months ago. They seem to wait for a while and then strike again. From what I have read though they could win the arbitration award and then use that to try to get a judgement. They can garnish wages in my state, so that would be 25% of my pay. I have been in the process of filing BK, so none of this has really bothered me. I'll have filed before they can sue.

 

[muppo]

hmm thank you for your reply.
I am sorry but I dont know what arbitration is could you please enlighten me? What would happen if you ignore that as opposed to refuse?
Anyway I am a college student with a part time job hm Im not worried about them taking from my wage I dont think but then if I finish school then that would suck. thanks for sharing your experience

 

[kopes]

I am not an expert at this but arbitration is meant for both sides to defend their position in regard to the debt. In the papers I got from the arbitration forum, I was supposed to explain why I didn't owe the debt or why I haven't paid it. They supposedly listen to both sides and then decide who is right in regard to the debt. From what I have been able to research and from what others have told me, W&A always wins these things because that is how the forum gets paid. It's all rigged in the creditor's favor. They win the award, go to court, and win a judgement based on the award because you have admitted you owe by trying to explain your side.

If you ignore this, it is clearly stated that by not responding you admit to the debt and they automatically win. They go to court figuring you'll ignore that too and they win a judgement against you. A judgement is good for 10 years, so even if you don't have anything now, you may later and they can try to collect then. They have to go back to court but if you have anything they could get it.

If you refuse to arbitrate, even if they still win, then you have a defense in court if they sue you. If you ignore it, you have basically rolled over and said "do whatever you want to me".

Like I said, I am not stressing about this because I am filing BK. I have over 50K in debt and this MBNA account is just a drop in the bucket. Ignoring all of this is not going to make it go away.

 

[muppo]

ok thanks for the reply dude. well i only owe the 3k and no one has made a fuss about my debt before never been this big before hmm i am leaving the country after school anyway probably hmmm mabye ill just pay my 15 bucks a month for a while not sure but thanks for your input.

 

[guest.]

What is the name of your state?
I live in Rhode Island. And I am a chronic not payer of debts.
now in the past I have refused to pay bills anywhere from 30 to 270 bucks. In all I have mabye not payed 20 or more bills in this range. Now all they ever did is threaten me. collections agencies keep sending me envelopes saying pay or else!! (actually they kind of stopped coming in the past two years) All these bills I did not pay were over the past 6 years and I never actually had to pay any of it.
now I am contemplating not paying my credit card bill. it is at 3000 and it is with mbna. can they do anything more to me than threaten me?? what is likely to happen?
all I own is a 96 civic.

Hopefully you won't get hooked up with a chronically abusive debt collector who sues you and gets a judge who chronically despises people who chronically don't pay their bills for no other reason than no one has ever made them and they don't see why they should.

For some reason your post really irks me. Maybe you just didn't explain your situation adequately.

Maybe you should contemplate how long 7 years actually is and maybe that you may some day want to own more than a 97 civic.

 

[muppo]

no you are right I am definately wierd but up till now my view has been that if you can rip off these big companies why not if they dont really do anything but I guess credit card companies are different. Heh and people used to say to me that "you will never get a credit card" and now people say to me "you may want to own more than a crappy car" well I danno it seems like anything is possible but I guess Ill pay this if they take this crap so seriously oh well.

 

[Night_on_Earth]

I'd be curious how you don't consider this stealing and why it doesn't bother you.

 

[Neilson]

There is this thing called statue of limitations, a company only have so long to get the debt repaid, and if it is not paid in that period of time, they have to write it off or something. You should check into that since it's been 6 years for some bills.