Is is always good to dispute a debt?

[Emmy]

I just got a letter from Frederick J Hanna about my debt with Bank of America. The account in reference says it's been charged off on my credit report and this collection agency is saying they are representing the original creditor. Bud Hibbs says treat any letter or lawsuit from them as fraudulent and they will forge signatures and falsify documents in order to sue.

Because of that I'm wondering if it's always a good idea to ask for debt validation. I'm worried that if I send a debt validation letter they will be more interested in me and maybe sue faster out of anger even though I'm not really sue worthy.

I'm thinking if I don't, maybe they will just keep on trying to collect and not sue, since I'm judgment proof: no income, no cars, no property. We will be filing bankruptcy as soon as we meet the residence wait limit in our new state. (we will be moving very soon)

Since I'm seemingly judgment proof and plan on filing bankruptcy, should I even bother with disputing the debt given the fact I might get falsified documents anyway or just stay of the radar and hope they don't sue before I file BK?

[dscurlock]

I just got a letter from Frederick J Hanna about my debt with Bank of America. The account in reference says it's been charged off on my credit report and this collection agency is saying they are representing the original creditor. Bud Hibbs says treat any letter or lawsuit from them as fraudulent and they will forge signatures and falsify documents in order to sue.

Because of that I'm wondering if it's always a good idea to ask for debt validation. I'm worried that if I send a debt validation letter they will be more interested in me and maybe sue faster out of anger even though I'm not really sue worthy.

I'm thinking if I don't, maybe they will just keep on trying to collect and not sue, since I'm judgment proof: no income, no cars, no property. We will be filing bankruptcy as soon as we meet the residence wait limit in our new state. (we will be moving very soon)

Since I'm seemingly judgment proof and plan on filing bankruptcy, should I even bother with disputing the debt given the fact I might get falsified documents anyway or just stay of the radar and hope they don't sue before I file BK?

It did not take me 2 seconds to find this info about your collector.

http://www.ripoffreport.com/reports/0/139/RipOff0139263.htm

what was your default date? is it recent, or old debt?

what was the amount...? $100 - not a valent effort to go to court, or was it $5,000 ??

I think a lot of factors come into place that nobody knows about but you.

personally, I owe more then $100,000 in debt, some are recent, some are old, but no credier has ever dragged me into court.

If i made $100k a year, I might in-deed be worth dragging to court, but since i make less then $6k a year, im not even a worthy bait to any of these compaines, they probably know that they would not get anything.

[Emmy]

It's been about 10 months since the last time I paid on this debt and the debt amount is my biggest one, a little over $5,000.

Bud Hibbs says the same as ripoffreport and calls them crooks and not to make any deals with them. That is why I'm wondering if I should attempt any contact, even a debt dispute letter, before any legal measures are taken by them. I want to stay off their radar until we have filed bk.

If they legally obtained the debt from Bank of America, then it is a valid debt that I owe and no amount of disputing is going to change that. If not, then I assume they wouldn't have much to stand on if they did try to take this to court.

I just don't feel like I have any options at this point. Whatever is going to happen will happen. Hopefully if won't get any judgments against me, but at this point, all I can do is wait out the time until we can file bk.

[GoingDown]

It did not take me 2 seconds to find this info about your collector.

http://www.ripoffreport.com/reports/0/139/RipOff0139263.htm

what was your default date? is it recent, or old debt?

what was the amount...? $100 - not a valent effort to go to court, or was it $5,000 ??

I think a lot of factors come into place that nobody knows about but you.

personally, I owe more then $100,000 in debt, some are recent, some are old, but no credier has ever dragged me into court.

If i made $100k a year, I might in-deed be worth dragging to court, but since i make less then $6k a year, im not even a worthy bait to any of these compaines, they probably know that they would not get anything.

How did the creditors know that you are in essence judgment proof? Did you send them a letter stating this information to them?

I personally think it is a good idea to send creditors a letter stating that you are judgment proof and then state the reasons you feel you are judgment proof such as--

No wages to garnish

No real estate to put a lien on

No checking account to seize

No assets such as stocks and bonds to liquidate

etc.

It seems to make most creditors refrain from suing you, but of course, some of them will still sue because they don't take what you say seriously and they don't bother to investigate your assets before suing you.