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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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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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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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