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#1
08-31-2007, 03:45 PM
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New Mexico AG Sues Collector
As cajun probably knows, this is from the ARMS site. Hey dodgy collectors, no excuses, pay your fines and judgments LOL. Seems to be a growing trend among state AGs.
[img]/forums/attachments//bsm13_156.jpg[/img] __________________
He who has freed himself of the disease of "tomorrow" has a chance to attain what he came here for. --G. I. Gurdjieff (1872-1949) The science is in knowing, the art is in perceiving - Robert Fripp (1946-) Ever get the feeling you've been cheated? - Johnny Rotten (John Lydon) (1956-) 
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#2
09-01-2007, 06:34 AM
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Am i reading this right? So CA's must tell a debtor that their debt is outta SOL??? If so, that's interesting...
Ang __________________
You will not be punished FOR your anger; you will be punished BY your anger. --Buddah
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#3
09-01-2007, 06:38 AM
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I think the main thing they are getting slammed on is the licensing issue.
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Cajunbulldog Keeping an eye out for consumers. http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809 http://www.ftc.gov/os/statutes/fcrajump.shtm http://www.debtconsolidationcare.com.../about216.html Use this letter to protect your rights under the FDCPA myfairdebt.com & myfaircredit.com-Good source of case law in forums.
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#4
09-01-2007, 07:16 AM
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I can't believe my eyes! Is this the same Merchant's Credit Guide that is on Budd Hibbs site?
Oh I know that Budd would love to see this one! From what I remember reading Merchant's is a bottom feeder and it is fact that they go after expired SOL accounts. I got a letter from them and told them point blank the account you are referencing is 20 years old. Send a validation letter and never got anything back, not even the green card! I have my letter and receipt. In they're letters they have a coupon at the bottom where you can pick your payment. Yeah, right! They cannot validate any of these accounts if they're that old. I can't believe that someone has finally stepped up to the plate and have gone after them. Hats off the New Mexico AG!
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#5
09-03-2007, 01:32 PM
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I've never heard of any collection agency being sued because a debt was out of the SoL. What I think they may mean by that is that the collector/company made misleading tsatements that the debt was still within the SoL and therefore they still had the right to persue legal measures.
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