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unclewulf · 12-17-2007, 04:32 PM

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Damn skippy!

socksfullofrocks · 12-24-2007, 02:31 AM

I agree with the skippy comment ..but where did this collectorman aka brooklyn go?.this is very strange that no other posts have been made...this person posted a lot and now is gone since joining..I know it is the holidays and hope they will be back..very strange that they disappeared tho after posting quite frequently..oh well people are very busy this time of year..hope brooklyn will post some more in the new year

brooklyn184 · 12-28-2007, 08:07 AM

Sorry...Have been laying low for the hoidays. I plan ore on being able to answer questions, not starting any ideas..so fire away!

JCEMT · 12-28-2007, 09:37 AM

I have a question, since your a collection agent. If I requested validation on a account and told you I would pay it in full, one payment. Why would a CA not send me the validation?

socksfullofrocks · 12-31-2007, 03:16 AM

jcemt..I once heard a story about the Brooklyn bridge..we got a great deal on that one! Hope that person no longer being a guest hasn't scared this helpful person on sight into hibernation! Often a direct response after only being a guest on site might be a bit scary..hope brooklyn /collectorman sticks around and posts on the up and up from now on!

good.nelly · 12-31-2007, 03:29 AM

I guess CAs are scared of the term "validation", nine out of ten CAs cant provide a proper validation of the debt. Dont know why :?

unclewulf · 12-31-2007, 03:31 AM

Quote:

Originally Posted by JCEMT

I have a question, since your a collection agent. If I requested validation on a account and told you I would pay it in full, one payment. Why would a CA not send me the validation?

Maybe thay can't, but they're still hopeful of a payday. It's difficult to send what you don't have.

socksfullofrocks · 12-31-2007, 03:42 AM

damn cookie!!!
zomby is in the house!!!!

brooklyn184 · 12-31-2007, 06:41 AM

It is difficult for some third party collection agencies to obtain the paperwork you folks request. Simply because it is not always transfered as it gets sold to different collection agencies. Just a downfall of the system we operate in. In most cases I will just advise a consumer to check their CBR, as the agency will (should) be shown as the owner of the debt. Also, in most cases the collection agency calling you is not working on behalf of the creditor, so they do not always even have access to all of the paperwork. They should be able to provide you with a validation of debt-basically paperwork showing they are the rightfull owners of the account. Also, most consumers just use the requesting of this paperwork as a stall tactic. So some collection agencies take it as a sign the consumer will not ever pay anyway. It is easier to just sell it off then actually sue the consumer

JCEMT · 12-31-2007, 07:41 AM

Can't they obtain that paperwork through the same liaison that the original contracted CA used?

12-31-2007, 08:47 AM

sometimes it can be 8-10 collection agencies removed. It is just not as easy as it should be.

Bossy4455 · 12-31-2007, 09:08 AM

Well, for me, therin lies the problem.

When the oc charged us off, after paying for 23-25 years on an account and sold it- a junk debt buyer bought it. Originally I told them about the debt, we had overpaid by thousands, etc. They didn't validate that they had they debt-passed it to another, and the cyle got viscious. I cannot count how many CAs have sent letters- wouldn't know who really had the debt-no one can provid me with anything that even resembles they might have the debt.

There are also CAs who try to collect from people that do not ,or never had a debt to begin with- thus the debt validation process..KAren

cajunbulldog · 12-31-2007, 09:27 AM

Happy New Year to Collectorman and our other resident collectors! I appreciate your point of view and thank you for coming here.

brooklyn184 · 12-31-2007, 12:25 PM

Bossy, from our point of view..some of the responsibility lies with the consumers. Do you have the paperwork to show that you overpaid? If so any half-way legit collector should take that into account and either credit you the money towards the bill, or close it.
We as collection agencies will never close account without written proof. The same way you as conumers should never pay bills that you do not have the offer in writing!

Cajun---Happy New Year to you too!!!

unclewulf · 12-31-2007, 03:14 PM

Quote:

Originally Posted by brooklyn184

It is difficult for some third party collection agencies to obtain the paperwork you folks request. Simply because it is not always transfered as it gets sold to different collection agencies. Just a downfall of the system we operate in. In most cases I will just advise a consumer to check their CBR, as the agency will (should) be shown as the owner of the debt. Also, in most cases the collection agency calling you is not working on behalf of the creditor, so they do not always even have access to all of the paperwork. They should be able to provide you with a validation of debt-basically paperwork showing they are the rightfull owners of the account. Also, most consumers just use the requesting of this paperwork as a stall tactic. So some collection agencies take it as a sign the consumer will not ever pay anyway. It is easier to just sell it off then actually sue the consumer

I understand and appreciate your position. Having said that, I'm certain that you will appreciate my points here.

Without paperwork to properly validate the debt, how am I to know if it's legitimate or not?

Check my CBR? Right. Collecion agencies [in general, not pointing any fingers here] never enter bogus information, do they?

You don't have access to the paperwork? Tough. Why not? You didn't get it from the seller when you bought the debt? Then you bought a defective product. Not my problem, go after the seller.

Legally, validation requires more than just proof of ownership of the account, and we both know it. Quit stalling and deliver the goods as required by law, or admit that you bought a defective debt and close the account.

Requesting validation of a debt is a stalling tactic? Hardly. In today's junk-debt-fueled climate, it's a necessary precaution. If I call you up and say you owe me a few grand from 'way back in the day, are you gonna sennd it to me Western Union before 5:00 PM? Didn't think so.

OK, so you've got a defective debt that's uncollectible because you can't validate. Hmmm.... What to do? Admit you screwed up? Or sell it to the next collector, thus perpetuating the cycle, proving that your agency has the ethical sense of a turnip, and [dare I hope] leaving yourself liable for selling a defective debt.

Again, this is not to point any fingers. Just presenting a differing point of view. Have a great holiday!

unclewulf · 12-31-2007, 03:25 PM

Quote:

Originally Posted by brooklyn184

Bossy, from our point of view..some of the responsibility lies with the consumers. Do you have the paperwork to show that you overpaid?

Umm.... Don't look now, but you just proved my point. Thanks!

Quote:

Originally Posted by brooklyn184

If so any half-way legit collector should take that into account and either credit you the money towards the bill, or close it.

If you're all that legit, and she has the paperwork to prove a massive overpayment, how about you just refund the nice lady's cash? Yeah, I know. You aren't the ones who overcharged her. But you say you legally own the account now, so in my book, you're responsible. Pay up.