No message just called twice, can hear someone on the line but no message left. Who are these people and has anyone else noticed all the people's name's are of Jewish Origin, Cohen, Rothberg, is this a scam? because I know personally I have no outstanding debts!!!!!
Cardworks is servicing the former Advanta portfolio, which last I checked was in the hands of Deutsche Bank trust (or trusts) which financed advanta's portfolio in the first place (in other words, in the BK the assets simply went to the idiot they were pledged to, who was at least smart enough to make sure they were securitized in said idiot's favor).
Cardworks rotates the debt out to Phillips & Cohen, Sage (and perhaps still Sentry) for collections calls.
A tiny, tiny fraction of debtors may get sued ... these would be folks who have few if any other debt and who are foolishly obvious about their financial recovery in one way or another.
Steve Kwidkowski just called me, saying that the firm (Sage) has assumed a debt from Pinnacle Bank which, in turn, has taken over the credit card from Chase Bank.
"They have come to me with the instruction to engage legal counsel on their behalf, early next week," which means he is not a lawyer, but rather someone paid by an attorney to call me, do some leg work, and get back to them.
"They are poised to pursue a civil remedy...." My only thought is, "OK, get in line."
"There is no indication in my (sic) client's transcripts that they have ever offered a settlement..." so they'll reduce the debt by one third. The sic applies because Pinnacle Bank is not his client, the attorneys representing Pinnacle Bank are.
Here are my thoughts. This account has been dead for more than 3 years. We have not filed for bankruptcy because, frankly, we need money to file when our problem is that there is no money. We know an excellent, and very helpful Adjunct Professor at two very good law schools in the area who specializes in bankruptcy. He wonders if our best solution might be to wait things out because the statute of limitations is approaching, or past, to file a civil claim. (See LAMET's comment, above,)
Our only vulnerability appears to be claims that have already been filed against us, and a judgement was rendered. There is no statute of limitations issue if the party initiates the lawsuit within the time defined by the statute. Such cases can go on forever, and the claim by the debtor is valid, so long as the case is initiated before the statute of limitations kicks in. The caveats are that small claims in my state get wiped after seven years because, by statute, District Court civil cases are purged after seven years, but Circuit Court cases last forever.
I have to give the guy some credit. He is a smooth talker. Maybe a radio personality, or a guy who does radio commercials. He can ready copy well. But if Sage Capital thinks they are getting one penny from me, think again. You can't get blood from a turnip.