Debt Negotiation Advice

What happens when credit collector sends your file back to the creditor?

My negotiations with a credit collector (acting on belief of a credit card company) have collapsed because the credit collector believes I have the means to pay debt even though I cannot afford to pay it. He said he is sending the file back to the credit card company with regomendations (probably saying that I have the means to pay). What actions is the credit card company likely to take? Should I be very scared?

Public Comments

1. The creditor could take you to court to have your pay garnished. They could also sell your debt to another collections agency. If it's going back to the original creditor you could/should contact them and make arrangements for a payment plan.
2. Never let a creditor scare you... they are there to get paid and sometimes you get someone that can put a little touch on wording and scare you. It dosent mean he threatend you, it means he knows he said something thats gonna get you thinking and make yourself afraid of it. usually they would put you on a payment plan and you work from there if they say 100 a month you say 40 or however much you can afford. The creditor bought your file from the credit card company so i doubt the credit card company will be doing anything at all now (they usually buy it for a lower cost) If the creditor dosent want to work with you just wait til either they take it to court or until you have the money to pay.
3. THEY are trying to scare you into paying... The collection agency obviously does not have any assets on you to go legal. They are giving up and sending it back to original creditor. They will try and collect from you and then eventually send it somewhere else. This all takes time. As long as you never tell them where you work or give them your checking account information then they won't bother getting a judgement on you and levying your bank account when you least expect it. If you do pay them pay with money order only and tell them you don't have a checking acct and never tell them where you work so they can't garnish your wages. This will stall everything until you can pay them down the road if you want to. I use to be a legal collector so thats how I know all of this. You could just lay low, change your phone number, return mail as unknown person and really stall for more time. Good luck.. If things get too bad you can always go to google.com and type in legalhelpers
4. next step is the court room!!! here comes the judge!!!