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Posted: Mon Jan 29, 2007 8:53 am Subject: What should I do. Please Help

Three weeks ago I received a call and a letter from a debt collector who purchased my account. I offered to make payments by money order, they refused and they requested my bank account information, I refused to do that, they said they will sue me. I haven't heard from them since. I called the AG office in my state, I was told not give my bank account to the Debt collector. I checked with BBB in their state and they had 26 complaints some these complaints were for unauthorized transaction and charges. Your advice will be greatly appreciated.

Thanks

Posted: Mon Jan 29, 2007 8:58 am Subject:

r_anab

Hi, welcome to the forums!

What is the name of this company that is refusing payments from you? You should probably write them a letter, and send it certified, so you can have proof that you did make an offer of sending in payments. If this lands in court, you can tell the judge they refused your money orders.

Regards
Mike

Posted: Mon Jan 29, 2007 9:12 am Subject:

Thanks for your response,
Their name: National Credit Adjusters, do you any thing about them?. Last week I sent them a certified letter to validate the debt because the amount they were asking for was more than what I actually owe.

Thanks

Posted: Mon Jan 29, 2007 9:51 am Subject:

r_anab -

See below for links to other comments on this site regarding National Credit Adjusters:

http://www.debtconsolidationcare.com/forums/nationalcreditadjusters.ht ml

http://www.debtconsolidationcare.com/settlement/webpayday-query.html

Sending the Debt Validation letter is a good first step. Did you send it by Certified Mail, Return Receipt Requested? That's a good way to make sure they received it, so you don't end up fighting with them over whether they received it or not. If they signed for it, they received it. Save everything you have on this company, and anything you receive. Document the time, date, and conversation details of any phone calls. Record them, if possible - but be sure recording calls is legal in your state first.

If they do not respond to your Debt Validation letter, and continue to pursue you by phone, then file a complaint with your State's Attorney General, or whatever division of your state government oversees collection agencies & financial companies.

Posted: Mon Jan 29, 2007 10:50 am Subject:

If they don't validate the letter, can they still sue me

Posted: Mon Jan 29, 2007 11:26 am Subject:

No company can sue you until the debt is validated. Under the federal laws, you must have every proof by the company that assures their collection practice to be legitimate.

Do you know the name of the original creditor they are trying to collect for? Call them and work out your payment arrangements.

Posted: Mon Jan 29, 2007 11:47 am Subject:

I called them and they said the account was charged off and I can't work out a payment plan because the debt was sold to a debt collector.

Posted: Mon Jan 29, 2007 1:40 pm Subject:

Check your latest credit copy in case you are able to find the actual company that purchased your debt. A company that is authorized to report in your credit will have your info. If National Credit Adjusters is legit, they should have no problems in validating your account.

Posted: Mon Jan 29, 2007 1:53 pm Subject:

I checked my credit report last Friday and this company (National Credit Adjusters) was not listed in my credit report but, when they called me they said that they have a copy of my credit report, they told me how much i paid for my house and what kind of car I drive and who is my creditor for the car. They said that the will put a lien on my house and car.
That is why I am confused , I want to start paying my Debt but at the same time I don't want to give them my bank account info. and also I want to make sure that Iam paying off the right amount.

Posted: Mon Jan 29, 2007 2:04 pm Subject:

If I were you, I will wait until NCA proves that they are legally authorized to collect on the account. Nothing is proven just in oral communication. However, if you are really worried, send a small payment and see if they are posting it on your account. Get a receipt each time they receive a payment from you.

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