Quote:
Originally Posted by Tyrone Slothrop
Anyone have experience with collections of credit-card debt?
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Purchased or held by lender? Former can be settled at steep discounts. Latter can be a pain in the ass.
Varies widely depending on state. In states with tenancy by entireties and bar against wage garnishment, you can stalemate creditor pretty effectively. In states without those things, it can be a real pain for a W-2d debtor.
If collector violated FDCPA, you can get a $3-10k settlement (legal fees recoverable under act).
