any one ever get fed ex's like these?

[freshstart10]

i get fed ex's from one of my creditors stating just make one payment and your back on track. if not your payment will be due in full at end of month?

does that just mean they are going to collection? or is it anything to worry about.

im filing on january 15th.

thanks

[jessegirl]

I got a few of them from BOA. I just ignored them and never heard anything more.

[BKOnce]

That's either Scam or Spam.

[editordwc]

My gf just got a FedEX from a firm representing Chase... it was a notification of mediation...it said if she paid 75-percent of the balance ($2,100) in the next 30 days the mediation process would be halted....Is this the precurser for her getting sued or is it just a scare tactic?

[2Bshinyandnew]

i get fed ex's from one of my creditors stating just make one payment and your back on track. if not your payment will be due in full at end of month?

does that just mean they are going to collection? or is it anything to worry about.

im filing on january 15th.

thanks

I got a letter via FEDEX just like this today from BOA regarding my AMEX account. Up at the top left in large letters it says "One Payment is all it Takes" and if I make a payment the account managers will be able to reduce my monthly minimum as well as the APR. Otherwise, the entire balance is due by December 23, 2008. The overall tone of the letter is friendly.

I filed the letter in my BOA file. I don't know if not responding is more likely to cause them to file a lawsuit or not.

Anything with a return address from Delaware sure isn't from Ed McMahon!

[allavdj]

My gf just got a FedEX from a firm representing Chase... it was a notification of mediation...it said if she paid 75-percent of the balance ($2,100) in the next 30 days the mediation process would be halted....Is this the precurser for her getting sued or is it just a scare tactic?

It honestly could be either. If you have assets or a garnishable (is that even a word?) wage, they could very well be staging a lawsuit and hoping that you will turn up some assets during the "mediation" or they may just be trying to straight up scare you into -finding- somewhere to get the 2100 bucks.

If she is judgment proof (no assets or wages that can be garnished) and she is filing in the foreseeable future I'd be inclined to not "worry" about it, let things fall where they may, then have it go away in the BK.

If it's going to be a while (maybe a year or so) then it may be easier to show up at the little meetings, give them absolutely no information, drag out the process as long as possible and see where they go with it. If she comes across as somebody that has nothing, they may not go anywhere with it because there's nothing really to take. If they do end up seeking a judgment, drag that out as well, then accept the garnishment for maybe a couple months until she files.

The real question is: How close are you to filing BK...1 month, 3 months, 6 months?

--------

Also, I used to get these from the CC companies. I think they do these kind of mailings because it looks more serious and official.

[editordwc]

Realistically, I think she is going to be filing within the next 3 months. She will be meeting with her atty tommorow...Since Im in the 60-Day Club now, she's seeing how happy I am now.... There will be very few assets in her case and it should give her some peace to get these CAs off her case. It's funny we both work in a credit card service center and see the crazy finance charge hell cardholders are going thru now... I think the turning point from me was last summer, when my cards were maxed and my son got his bike stolen...I wanted to buy him a replacement, but I was concerned about paying the mins on CCs...I said, this is crazy....and then I focused on getting the BK rolling...

dwc

[Bell30656]

I got a FedEx from a creditor that offered me the "opportunity" to save my credit, etc, etc... All I had to do was make one token payment to show my good faith and get the account back into good standing. It was a ploy to get me to make a payment re-starting the statute of limitations. Pretty good ploy actually, I'm sure quite a few fell for it.