Posts by Thomas Palmer10

I guess I’ll join the complaining club for a moment... Just to be clear, I really messed up years ago and I'm trying to make things right now, but it feels like I'm just fighting a losing battle against pure spite. Back in 2001, I took out a $5,000 loan—which felt like a lot back then—and, well, life happened. I lost my job, hit some health issues that kept me out of work for three years during rehab, and suddenly the whole debt was due. My co-signers were left holding the bag, though somehow we managed to scrape together payments to keep them afloat. Long story short, according to their math, I still owe them about 38 $0.00 (WTF!!!!!), which is basically what I originally borrowed. In reality, they've already collected over 100 $0.00 from me and my co-signers combined. I decided to finally settle this, so I called the sharks at Chase, only to be passed around between predatory law firms and collection agencies. They're demanding 24,000 to settle, while I'm offering the 19 $0.00 in cash that I actually have on hand. They won't even budge for 5 $0.00... It's unbelievable. My only other option is to keep doing what I've been doing: paying my co-signer every month the exact amount the bank strips from them, which is $263 monthly. I don't get why they're being so stubborn and refusing a settlement when they've already taken so much. Honestly, if they want to be this greedy, fine... go ahead and keep collecting $263 every month for the next five years. Unbelievable... I saw online that they've actually forgiven people amounts close to 50 $0.00 on an 89,000 debt or something like that... it's just total madness

Hi everyone, I could really use some advice. Back on May 9, 2013, I set up a protected account through a clearinghouse because my regular checking account was frozen on April 30—something I didn't even realize until I walked into my local bank branch on the 9th. To make matters worse, my entire paycheck hit that frozen account on May 10 because the payroll department hadn't been notified about the freeze yet. Now, the whole amount has been seized, leaving me completely broke. Under US law, they’re only supposed to take a portion of my income, especially since I earn below the national average, but they took everything. I’ve already filed formal complaints with the bank, the clearinghouse, and emailed the collection agency directly. Based on your experience with debt collection, what’s the typical outcome here? What are the chances of actually getting my legally protected funds back when the collector is flat-out refusing to release the money I need to survive? Is there a specific legal move I should look into, like a counter-suit or a private civil action? Thanks for any help... Best regards from Washington, D.C.