So what's going to happen to my account ? Help please

[TWO2SEVEN]

If you think for one minute they won't go to court for $1500 you are woefully ignorant of the realities of the collection business. And $1500 is if the 2 iP6+ were both only 16GB each!

The collection agency simply files in small claims court. Most of the time the debtors don't show and they get a default judgment for the price of the small claims court filing fee. It is ridiculously simply to write up a complaint for an outstanding debt like that - they use forms and just insert the creditor's name, debtor's name and the amount owed. And the small claims court filing fees are cheap.

You are just plain old wrong on that. They don't hire attorneys as I stated - they sell the debt to a collection agency. You don't know what you are talking about.

TMobile would not be coming after you. The collection agency who purchased the debt from TMobile will and they for sure will come after you for the money. That is the business they are in.

Do you work in the collection/debt/credit field?

 

[JulesJam]

Do you work in the collection/debt/credit field?

Heavens no!!! I could never do that job! I just know how it works.

Trust me when I say the collection agencies are ruthless when it comes to collecting on debt. I agree that for small amounts they are not going to expend the effort, but $1500 is significant and then tack on interest and collection costs and it can grow even higher pretty quickly.

Plus TMobile will blacklist the devices to boot!

 

[TWO2SEVEN]

Heavens no!!! I could never do that job! I just know how it works.

Trust me when I say the collection agencies are ruthless when it comes to collecting on debt. I agree that for small amounts they are not going to expend the effort, but $1500 is significant and then tack on interest and collection costs and it can grow even higher pretty quickly.

Plus TMobile will blacklist the devices to boot!

I have worked in several aspects of credit, including collections. Your statement that this debt will definetly result in legal action and "draining" his bank account is not factual. It may go to court, it may also charge off as bad debt. We won't know, only the OP will.

I agree that the debt should be paid and the OP is wrong in thinking otherwise, but misinformation doesn't help the problem.

 

[JulesJam]

Your statement that this debt will definetly result in legal action

First off, that isn't what I said. I was responding to someone who said they would not pursue it in court for the price of 2 iPhones. My response was that he was woefully ignorant of the collection industry if he thinks a $1500 debt is too small to pursue in court.

So your paraphrase of what I said is inaccurate. I stand by what I said and the idea that $1500 (at a minimum) is too small to be pursued in court is woefully ignorant of the collections industry.

and "draining" his bank account is not factual.

Huh? What do you mean by not factual? The only facts we have is that OP has financed the phones. He hasn't even told us if his account is current or not.

Are you saying that a judgment creditor can't get a bank levy against a judgment debtor? Because if so, you really don't know what you are talking about. I know there is at least 1 state that won't let an entity that bought debt garnish wages and there may be a state out there that protects judgment debtors from bank levies pursued by an entity that bought the debt, idk, but it isn't the majority of states if there are any at all.

OP hasn't told us what state he is in.

It may go to court, it may also charge off as bad debt.

If the debt gets sold, they will pursue it in court. They wouldn't buy it if they weren't going to pursue it.

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including collections.

If that is true, I wouldn't admit that in public.

 

[McDaddio]

My response was that he was woefully ignorant of the collection industry if he thinks a $1500 debt is too small to pursue in court.

As someone who was hounded by a collection agency for $19.95, I agree.

(I signed up for a one month gym trial, not realizing that it was an auto-renewal. That gym was closed after 3 weeks and my account was transferred to another gym which then closed and my account went to a third gym).

So when they sent the letter saying I owed money to Gym C, I had no idea since I never went to that gym. Took a while to figure it out.

And as others mentioned, they have heard all the stories and excuses before. Seems that is expecially true for cable, phone and gym membership disputes.

 

[DiCaprioAngel]

I find it funny how you don't have money for the phones, yet you got them anyway. If you can't afford something, as much as you may want it, why purchase it to begin with? If you value your credit score that much, you would know not to make that stupid mistake. It's on you to pay for the phones. It's not T-Mobile's fault that one phone got lost and broken, it's yours. It's gonna be a big hit, but there's no other way. You're trying to cheat the system, but it's not gonna work. If you want to get your credit to remain good, you're going to have to find a way to pay for the bills. Sorry this had to happen to you, I would be devastated if it were me, but I wouldn't go avoiding it because there is no avoiding it. Just consider it a lesson learned.

 

[I7guy]

Can you borrow the money to pay the debt?

 

[thedeejay]

Let's say you had two iPhone 6s, and I asked to buy them both from you, but before I do that, I tell you that I want to see if the phones are in good condition first. So, you let me handle the phones.

Then, I "accidentally" bend one, and I "misplace" the other behind a bush or something so that it can't be "found."

The I tell you "OMG this is a huge accident I'm so sorry! But I don't have the money to pay for these phones I told you I wanted to buy. It's all a big mistake, and I can't pay... won't you please understand?"

Would you understand and walk away with no phones and no money?

He won't. There's a lack of understanding happening here. Won't you please help him?

 

[TWO2SEVEN]

First off, that isn't what I said. I was responding to someone who said they would not pursue it in court for the price of 2 iPhones. My response was that he was woefully ignorant of the collection industry if he thinks a $1500 debt is too small to pursue in court.

So your paraphrase of what I said is inaccurate. I stand by what I said and the idea that $1500 (at a minimum) is too small to be pursued in court is woefully ignorant of the collections industry.

Huh? What do you mean by not factual? The only facts we have is that OP has financed the phones. He hasn't even told us if his account is current or not.

Are you saying that a judgment creditor can't get a bank levy against a judgment debtor? Because if so, you really don't know what you are talking about. I know there is at least 1 state that won't let an entity that bought debt garnish wages and there may be a state out there that protects judgment debtors from bank levies pursued by an entity that bought the debt, idk, but it isn't the majority of states if there are any at all.

OP hasn't told us what state he is in.

If the debt gets sold, they will pursue it in court. They wouldn't buy it if they weren't going to pursue it.

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If that is true, I wouldn't admit that in public.

I never said I enjoyed that part of my job. However, given the choice of a layoff or changing departments I made the best choice. That being said, collections is the one job that I would say I was terrible at. I did not put enough pressure on people because I felt for them. I was a collector for three months and then moved on to underwriting mortgages.

I will continue to let you make your claims, even though by your own admission you have never been in the industry. Have a good day!

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As someone who was hounded by a collection agency for $19.95, I agree.

(I signed up for a one month gym trial, not realizing that it was an auto-renewal. That gym was closed after 3 weeks and my account was transferred to another gym which then closed and my account went to a third gym).

So when they sent the letter saying I owed money to Gym C, I had no idea since I never went to that gym. Took a while to figure it out.

And as others mentioned, they have heard all the stories and excuses before. Seems that is eSpecially true for cable, phone and gym membership disputes.

You let them "hound" you instead of paying $19.95?

 

[JulesJam]

I will continue to let you make your claims, even though by your own admission you have never been in the industry.

You don't need to work for a collection agency to know how they behave. Anyone who has ever been sent to collections or knows someone who has can tell you how they behave.

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I never said I enjoyed that part of my job. However, given the choice of a layoff or changing departments I made the best choice. That being said, collections is the one job that I would say I was terrible at. I did not put enough pressure on people because I felt for them. I was a collector for three months and then moved on to underwriting mortgages.

Sounds like you work for a bank. And you only worked in collections for the bank for 3 months and you were a softy so they moved you to another department.

Anyhow I was specifically addressing the issue of debt purchase, not a bank collecting on its own debt. Presumably you were trying to collect on outstanding credit card debt and had the authority to do a write off for the bank. Banks are high margin businesses and have the luxury of in-house collection departments and writing off bad debt. Lower margin businesses don't have that luxury. They sell their debt at a discount in order to at least recover some of their loss w/o incurring the fees to collect.

If your bad debt gets sold, I guarantee you that the entity purchasing that debt will pursue it and leave no stone unturned to collect. They wouldn't purchase the debt if they weren't going to do that.

As I said before, it is cheap to file in small claims court using forms. Most debtors don't even show b/c they have no valid defense for not paying and then a judgment is awarded against them. After that, the judgment creditor has a host of tools to use to enforce the judgment - one of them being a bank levy. Wage garnishments may or may not be available to them depending on the state.

 

[TWO2SEVEN]

You don't need to work for a collection agency to know how they behave. Anyone who has ever been sent to collections or knows someone who has can tell you how they behave.

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Sounds like you work for a bank. And you only worked in collections for the bank for 3 months and you were a softy so they moved you to another department.

Anyhow I was specifically addressing the issue of debt purchase, not a bank collecting on its own debt. Presumably you were trying to collect on outstanding credit card debt and had the authority to do a write off for the bank. Banks are high margin businesses and have the luxury of in-house collection departments and writing off bad debt. Other lower margin businesses don't have that luxury. They sell their debt at a discount in order to at least recover some of their loss w/o incurring the fees to collect.

If your bad debt gets sold, I guarantee you that the entity purchasing that debt will pursue it and leave no stone unturned to collect. They wouldn't purchase the debt if they weren't going to do that.

Actually, I do not work for a bank. I was also not collecting on credit cards.

I do enjoy that you keep telling us that you are sure about what you are saying while also telling us you really know nothing.

 

[Newtons Apple]

HATE COLLECTIONS!

I have not been hounded but I feel like my company has been as they call all the time for employees or X-employees and they demand to get the employees cell phone number. The lies they use to accomplish this, including one who claimed to be a hospital with a relative in the emergency room needed to get my employees permission. There is no stopping them and i guess it is all part of business.

The worst one calls twice a day for an employee who has not worked for me for 3 years. I like to put that one on hold and just leave them there! LOL!

 

[JulesJam]

Actually, I do not work for a bank. I was also not collecting on credit cards.

Whatever, you do mortgage underwriting, that is all part of the banking industry. Did you work for an entity that purchases debt like I was talking about?

I do enjoy that you keep telling us that you are sure about what you are saying while also telling us you really know nothing.

I know all about bank levies and you don't. You are leading people down the wrong path by reassuring them that their bad debt will be charged off.

Go ahead and research bank levies and tell me where I got it wrong.

 

[Weaselboy]

[Mod Note]

I think the topic has been covered. Thread closed.