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  1. #1

    Default Collections In Indiana

    My question involves collection proceedings in the State of: Indiana

    An exboyfriend of mine has debt on a credit card that I cosigned on. There was a verbal agreement that he would pay the debt b/c it was for equipment for his band. Apparently he hasn't paid on this in like 1-2 years and a collections agency had been trying to get me cough up the money. I sent a letter requesting that they prove the debt is mine within 30 days, and shipped it certified mail. They have sent me a letter back saying that since haven't heard anything form me, they have assumed that I'm admitting the debt is mine! I have their friggin' signature from when they had to sign to get the letter from the USPS! What should I do now? Just wait until they try to take me to court and then show them my evidence, or what? Thanks.

  2. #2
    Join Date
    Jul 2006
    Posts
    2,652

    Default Re: Help In IN

    Could be an oversight on their part. Have you contacted them and told them you have proof that you responded?

    However, as a cosigner you are also responsible for the debt.

    You should consider suing ex for the money that he owes, then you may be able to resolve this debt issue.

  3. #3
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: Collections In Indiana

    Unfortunately since you co-signed for the credit card, you are just as responsible for the debt as your ex-boy friend. That's the problem with being a co-signer.

    As Happy Trails noted, you may end up having to sue your ex bf in court.

  4. #4
    Join Date
    Nov 2007
    Posts
    811

    Default Re: Collections In Indiana

    Dependent upon who the collection agency is you can send a Cease and Desist letter. This comes with a risk and that risk is that the collection agency, or their client, will take you to court for the balance owed and win their judgement.

    Unfortunately being the co-signer means that they are going to come after the person who is not the deadbeat. Nine times out of 10 the co-signer is co-signing because they have a good job, good credit, and possibly assets (house, car, etc). ...and nine times out of 10 the reason a co-signer is needed is because the first guarantor is does not have a good job, or good credit, and generally does not have assets.

    ...and being able to beat Guitar Hero III does not make one an asset.

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