Northland Group send me a collection letter. Should I send a DV?

Hello, I have a question regarding a letter I received from Northland Group, informing me they have been assigned to collect on an old Capital One card. The card was charged off at $550.00 about four years ago. The letter states I owe $1,043.49. Here is my question, the letter states, "Because of interest that may vary from day to day, the balance due on the day you pay may be greater" I live in Ohio, does anyone know if collection agencies can charge that much interest? Thanks in advance for any clarity on this.

Interest for debt collectors is capped at 8% IF they have a judgment against you, but, if Capitol One still owns this debt and Northland Group is just representing them, then look at your contract and see what interest rate & fees are on your contract.

Thanks Shazzers, your always such a big help on this board! But if I don't have a copy of my contract because it was so long ago, do you know how I can get a copy? Maybe thru a DV letter?

Northland Group Complaints:
Northland group are scammers. Check what your state statute of limitations is on old debts. This company is know to practice these illegal collections of old debts. Ask them for verification of your signature. Good Luck

Send them A DV letter asking for a full and complete accounting as well as a copy of the signed contract (this is to prove that they can legally collect the interest they are claiming.) Also make sure they are fully licensed and bonded (whatever your state dictates).

Also send this certified and when you get the card back, dispute with the CRAs so when they validate on the reports they violate law and you have more leverage with them. Its rather nice to pay an account from the check the CA sends you when you win a lawsuit for them violating the law..because despite what they btell you, even if they finally validate fully (most never can) you can still get them for the violations since even if the debt IS yours, you still are entitled to the moneies from the violations.

according to the debt cures book in Ohio the statutes of limitations is up on that debt after 4 years. As long as you haven't admitted to owing on it to the collection agency. So next time they contact you tell them the Statutes of limitations is up and not to contact you again.

I need a detailed description of the debt you are attempting to collect

Guest: We are not Northland group. We are a forum dedicated to informing consumers of their rights.

There is a federal statute that forbids collection agencies from harrassing you during the period that transpires between when you send a request for detailed description of the specific "purchases" and the time that they comply with this information.
Does anyone know this specific statute number? I missplaced my original research.

You should be able to send them a letter to stop sending you any communication regarding this account based on the Statute of limitations. What they are trying to do is collect old debt, even though it may have already been charged off from Capital One and it is no longer on your credit report.
At present, they are not doing anything wrong to hound you for the debt. Simply because the debt cannot be sued upon in court does not mean that they can't try to get you to voluntarily pay. Under the Fair Debt Collection Practices Act, however, the collection agency must stop contacting you if you provide them with written notice demanding the same. You can simply say:
"Pursuant to the Fair Debt Collection Practices Act, 15 USC 1692c(c), I hereby demand that you cease all communication to me about my account [number ________] with [creditor]."
The collection agency is allowed to contact you one additional time to confirm receipt of your demand and instruct you on what the creditor plans to do next, which, may be nothing, if this no longer appears on your credit report. Hope this helps. Good luck.

NGI seems to be a scam, I just got a letter from them asking me for $12,673 for a Capitol one account that is "suprise" not on my credit report. They are nice enough to reduce my debit to $5700 due to tax season ( gee thanks) Its possible it was discharged in a b/k or a debit consolidation, but its long gone and this is the second letter...I received one last year from Capitol llc. I was receiving calls and when I answered the phone It would be a very cheesy answer machine. When I called I got the same machine, I called everyday for a couple weeks and never spoke to a human or had my calls returned. Interesting, So I wrote them a letter saying I call BS! after veiwing my credit report I was happy to see NOTHING about a Cap.One account with that account number on it, or that I owed any debit that was not current. Im going to send my second letter and by the way, I see they have viewed my report in March. They should have seen that there is nothing on there they can come after ME for.

Unfortunately, the poster you were responding too was incorrect. SOL in OH is 15 years not 4.

If this debt was discharged thru BK, then you have grounds for suit for them violating the permanent stay of bankruptcy.

Wish I'd seen this a year ago. Yet another example of what a piece of trash Trudeau's book is.

If the amount was signed (charged off) off 4 years ago the you should owe nothing check state laws ....

This company Northland Ggroup sent me a letter stating I owe Cap One over $6k and asking me to settle for half the amount. I checked my credit report and thought this was on my bankruptcy but it wasn't. It actually shows the same amount in my credit report as it does the letter I received from them. My credit report also states the account was as a "charge off, account closed by credit grantor." Not to mention, I live in TX and the SOL is 4 years, but when does the 4 years start?

The last payment was 11/05 and the first sign of major deliquincey was 6/06.

What are my next steps? Should I ignore these guys?