Internet's first get-out-of-debt community - 136,000 members

Posted: Thu Oct 18, 2007 8:36 am Subject: CAs and thier many DBAs

I can't remember if I asked this before, if I did sorry to double post. I notice that many CA's have a ton of other names, makes me wonder why they do this. Anyhow, for licensing and/or bonding, does one entity have to have it or do they all?

I ask because I just received a dunning letter (that is a 'you owe us money' letter correct?) from MKM Acquisitions LLC and initially couldn’t find anything on them. I had to do a search and finally found a reference to them that they were also known as Plaza Associates and I found them on the BBB, I also found on the site that they were known as a few other names and Palisades Collection Agency…them I have heard of. Very Happy

Anyhow, in Texas Palisades has a bond, but none of the other DBAs do. Do all have to have the bond or just Palisades? I would be real curious to know if the company bonding them also considers all the DBAs covered as well.

I figure that most have all these names so they can play hot potato with your account if you prove to be difficult and ask for unreasonable things such as debt validation. Laughing

Maybe they figure that if they pass it around enough and you keep getting letters from different companies enough, that you will get frustrated and give up.

There might be a way to fight that tactic however. Whoever ‘owns’ the debt can pass it to their DBA’s but really, I think you can hold any and all of them to the initial DV since they are in effect collecting on behalf of the company that first sent you a letter. I am trying this tactic with LVNV and their scary law firm thugs. I will definitely let you all know how that pans out.

But does anyone know about my initial question regarding a bond covering one DBA or all?

Posted: Mon Oct 29, 2007 11:04 am Subject:

I do hate the vast world of collectors. They are like shape shifters, hiding and surfacing elsewhere. Harassing consumers without much repurcussions.

Posted: Mon Oct 29, 2007 12:12 pm Subject:

Yeah...heh I scared MKM away with a simple phone call. It went something like this:

ME: This so called debt is from almost 10 years ago? I will need to see some validation on this, not to simply mention the fact that it is completely and totally out of the statute of limitation, if it even is my debt. You can't even report it on the credit report.

MKM: Well yes, we can't put it on your report but you still owe it, no matter how old it is.

ME: REally? Hmm. Oh, also, did you know that the State of Texas requires that all collection agencies must carry a $10,000 surety bond and I spoke to the Texas Secretary of State and they assured me that you held no bond, matter of fact, they wanted me to fax them a copy of your illegal collection letter.

MKM: (after a lengthy silence) We will close out this account immediately. Sorry to bother you.

ME: I will need that in writing if you do not want me to further contact my secretary of state.

MKM: Yes Maam, we will have that out to you.

Laughing

Posted: Mon Oct 29, 2007 12:38 pm Subject:

Great effin job. God I would have loved to been on another line to hear that!!!

Posted: Tue Oct 30, 2007 12:17 am Subject:

goldenblast, I don't know whether they each have to be bonded in your state. But you're right. Especially LVNV and their "family of companies". This has to be the nation's worst.

Posted: Tue Oct 30, 2007 3:11 am Subject:

OMG goldenbast, can I borrow you for a few days, in all do respect, why are'nt you an attorney? (If you have a moment, could you please read up on my current situation with my very old student loan/collection)? Thank you.

Posted: Tue Oct 30, 2007 11:18 am Subject:

I was looking for it..I saw you mention it in another post..can you linky it for me as apparently I am blind. Very Happy

Oh and my hubby asked me the same thing, after he made the comment, "I feel sorry for any CA who tries to harass you." Laughing

I am still waiting for one of those CAs who threaten jail time, fraud, you name it..I can't wait...*sharpening my claws*

Posted: Tue Oct 30, 2007 2:17 pm Subject:

Im link illiterate, I donkt know how to link it up, but it is under "Has anybody heard of FMS Inc." ( a few days ago). Thanks goldenblast, I feel so safe and impowered with you here, with all these wonderful people. God bless us all.

Posted: Tue Oct 30, 2007 3:17 pm Subject:

hey!! MKM just sent me the requested letter! (that is I just got it) They have officially closed out the account! dang that was quick!

Very Happy

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 136,000 members

CAs and thier many DBAs

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post