I mailed a certified letter, with signature request, asking for proof of the inflated fees a collector has added to my original debt within the 30 day period. The collector did not respond, so I sent another certified letter a month later. Two days after my last letter, I received a letter from the collector, saying they have NOT heard from me, and will place the information on my credit report in 15 days if they don't hear from me. Liars! Also, this has been on my report before I received their 1st letter, so I don't see the point of them writing to tell me that.
I have not called them, and they do not have my number. I don't want to speak with them until I have verification in my hand so that I know what I'm discussing. Everything has been by mail.
The original account was for $5000, with the original creditor. 30 days after the collector gets it, the amount is inflated to over $11,000 and they continue to add $110 extra each month. What can I do at this point?
2006-11-10 23:47:02 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
P.S. I have signatures showing that the collector received both of my letters, and I also had the letters I sent them notarized if that makes any difference. The letters they continue to send me are outright lies, because they have heard from me, but continue to send me letters saying I have NOT responded to their letters.
2006-11-10 23:48:51 · update #1
You can only got to court on this one But they will have to take you to court first.
2006-11-11 00:10:05 · answer #1 · answered by Gone fishin' 7 · 0⤊ 0⤋
First of all, I would make a phone call to the company, from a private number so that they cannot obtain your number. I would ask to speak to a supervisor and explain the situation to them and what your request is proir to discussing the debt with them at all. I would not get dragged into a conversation about the debt if you are not comfortable discussing it without the documentation, but oftentimes a phone call will go much further than just a letter. The letter probably never made it to the credit counselor who is handling your specific debt. If this fails to bring about any results, then consult an attorney.
Secondly,I do have one difference to put out there in terms of debt dropping off your credit report after 7 years. Credit, good or bad can be removed from your credit report 7 years from the date that the company last reported it, not 7 years from the time the debt was incurred. If a company continues to report it, it will not drop off.
2006-11-11 16:35:14 · answer #2 · answered by julsells 2 · 0⤊ 1⤋
inform the collector that as proof has not been provided you are invoking the fair debt collection and practices act and subject to you filing a dispute with the local credit bureau that you feel the debt is unwarranted and if further attempts are made to collect without process on the account you will sue.
2006-11-11 00:02:14 · answer #3 · answered by koalatcomics 7 · 0⤊ 0⤋
Be careful now when collection agencies buy your account the date of activity starts then. So what normally happens is the year before the debt is supposed to drop off your credit they sell the account and there it is for 7 more years
2006-11-11 17:39:31 · answer #4 · answered by marcus s 1 · 0⤊ 1⤋
What does your Contract say- that is a large part of the criteria for this debt. Contact all 3 credit bur, report the lies.
2016-05-22 04:54:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Two things come to mind...pay for a lawyer to handle it....or ...ignore it ...if it has been on your credit record for awhile anyway ...it will automatically drop off after 7 years and they can't put it back on.
2006-11-10 23:53:21 · answer #6 · answered by ? 6 · 0⤊ 0⤋