Re: notice of arbitration

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On 10/18/07, Teresa Shively wrote:

As a commentary on the hypothetical situation you describe --
I would think that a person in such a situation would want to;
(1) not accept any more certified mail deliveries;
(2) consider changing your phone number or if contacted by
phone decline politely to discuss personal financial matters
on the phone and also politely decline to give out any
personal information such as address or even confirming who
you are;
(3) see if local legal aid or a disability group can counsel
you in this matter;
(4) consider protecting any liquid assets you have such as a
bank account by holding such assets in a safe deposit box or
other secure way;
(5) without responding yet to the inquire you received, try
to figure out how much money is involved in this collection
attempt.

If you truly owe the money, you will be obligated to address
this issue at some future date in a court or mandatory
arbitration forum. If it is a huge sum of money a local
attorney may have to assist you in bankruptcy. As always the
best possible advice is to obtain professional advice and not
rely on what you hear on a discussion board like this. Good
luck to you, I hope this works out for you.

> help! i just got a certified letter today saying i have
> 30 days to respond in writing to portfolio recovery assocs
> C/O phillips and cohen assoc located in Delaware. i live
> in ohio. not sure what to do. i never agreed to any
> payments and i am on social security and my husband is
> also disabled. what can they do to us? can they take our
> house?