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Bea B · Posted: Sun May 20, 2007 11:56 pm

I got a bill from Capital Management and asked for them to prove it was my debt. They wrote back and said they weren't handling the account anymore. They said Resurgent had my account. I haven't heard from that company.

Why do collection companies bill you and then say they don't have your account?

Posted: Mon May 21, 2007 3:52 am

I am not sure why the do that...perhaps they could not validate your debt, so they resold it to a junk debt buyer?

Posted: Mon May 21, 2007 4:52 am

Most collectors expect you to be like a good little sheep and pay them soon as they call you.When you assert your rights,you find out most collectors don't have the ability to prove the account. Do keep a close eye on Resurgent as they are some dirty players.

Bea B · Posted: Mon May 21, 2007 5:24 pm

What does Resurgent have a reputation of doing?

If Resurgent is "handing my account" as I was told, does that mean the other collector could not 100% prove that the debt was mine, or that I signed an agreement to pay....or maybe they have no ownership papers from the original creditor?

Posted: Tue May 22, 2007 5:51 am

Most of these Junk debt buyers/Collectors don't have real proof that it is your debt.They are also known to break the Fdcpa laws quite frequently.

Posted: Tue May 22, 2007 6:18 am

Who is the original creditor that they were trying to collect for?

In cases like these, the collection agency probably knew they weren't going to be able to verify the debt, and immediately sold it before the 30 days was up.

How did you ask for validation from Capital Management? If you sent it in the mail, and sent it certified, then find out when Resurgent bought it. If the first collection agency still owned it, then they should have sent you the validation request. You can use this evidence in trying to remove the item from your credit report.

Bea B · Posted: Tue May 22, 2007 8:14 am

Yeah, I sent a request, to Capital Management, for validation, several times. I got information stating the account balance and who original debt was with. Next, I get a letter that said they no longer were handling my account, and Resurgent was.

Are Capital Managament and Resurgent the same company with two names?

Posted: Tue May 22, 2007 8:39 am

Bea

How did you send your validation request? Was it sent certified mail? This is very important when dealing with collection agencies, because they can say they never received your dispute letter.

As far as them being one complete company, I am not sure. However, Resurgent full name is Resurgent Capital Services.

Be sure to get names, ID numbers (when available, and stay on top of incoming mail/phone calls. When you let days go by, you waste valuable time on your side.

Bea B · Posted: Wed May 23, 2007 11:59 pm

Yes, I sent a request for validation by certified mail. They left a message when they called. I did not return the call.

Posted: Thu May 24, 2007 4:16 am

Before everyone starts looking for the gunman on the grassy knoll, can I ask who the original creditor was? Not all companies sell their debt and many maintain a lot of control over it even after it goes to a collection agency. Citibank, in particular, is notorious for sending an account to a collection agency for a few weeks then pulling it back.

Bea B · Posted: Thu May 24, 2007 10:53 pm

My original card was Providian. My balance was 4500, but now they say it is 7622!!! I don't know if the account is mine.Does Providian pass on impotant documents such as ownership and signed agreements.

AJJ · Posted: Sat May 26, 2007 11:15 pm

Wondering how likely it is providian passed along the signed agreement and if these companies have the debt purchasing agreement, too.

Posted: Sun May 27, 2007 9:00 am

I still think this sounds fishy. If it was me, if you agree that you owe the 4622, I would start trying to pay that off--only thing is that it extends the SOL on the debt. I would definately keep building the paper trail on them.

Posted: Sun May 27, 2007 9:47 am

Bea B stated that she doesn't know if the account is hers. Therefore, she needs information from the collector to determine if the debt is indeed hers. This information would also assist her in determining whether the account is still within SOL. I would not advise making ANY payments or payment arrangements until the collector provides detailed information regarding this account, as they are required by law.

Bea B · Posted: Sun May 27, 2007 11:51 am

It might be my ex husband's account. But if it is - the collector added a lot of fees or interest, because I am sure my ex husband didn't owe so much. The new collector needs to prove who the account belongs to and prove they have the right to calim they be paid.

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