Fun and money

[featherynscale]

This post is mostly addressed to chainwoman, since I know she's in the collections business, but if anyone else has input, I'd appreciate it.

I have a credit account that I can't access. The creditor has shut down my online access, has not sent me statements in months, and returns my checks when I send them to the payment address. It is vastly over the line, but I would like to, you know, pay them, if they'd let me.

I have a couple of theories on why this has occurred:
1. The account keeps getting sold - I think I'm three companies away from the company I originally opened an account with. Perhaps I've gotten lost in the shuffle.

-or-

2. Perhaps they've written my account off.

-or-

3. Perhaps they've given up on normal payment channels and are gearing up to sue me for the balance of the account.

I'm guessing it's not any of the good ones, really. Anybody have any thoughts on this?

Comments

[featherynscale.livejournal.com]

I fully admit before beginning that these are lame reasons.

Partially because I have hope that they have forgotten about me and see no percentage in reminding them that I exist, and partially because I'm concerned that they are going to serve papers on me, and see no percentage in reminding them that I exist.

Either is pretty useless in the long run, since if they're going to sue me, they're going to sue me, and I am fully aware that nobody you owe money to *ever* forgets about it.

[rougewench.livejournal.com]

Just because they've written off the debt, it is never no longer owed. And actually if they write it off or forgive it, you can be taxed on the amount forgiven. Credit card companies actually report that information to the IRS.


D.

[featherynscale.livejournal.com]

If that occurs, would the IRS notify the debtor? I mean, is there a form for this?

[rougewench.livejournal.com]

If the creditor has your contact information, they would send you a 1099 form.


D.