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 Posted: Wed May 30, 2007 10:31 am Subject: Zenith Acquisition Corp |
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I had a credit card with Plains Commerce Bank. 2003 was the last payment made on this account. In 2006 Total Card Recovery contacted me and sent them VOD letter. Nothing came back from them. Now I just got a letter from Zenith Acquisitions Corp trying to collect on the same account. Just mailed them VOD letter today. What should I do next?
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graie410
Joined: 30 May 2007
Posts: 1
Debtcc Points: 57
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| Posted: Wed May 30, 2007 10:33 am Subject: |
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What state are you in? You need to determine whether this debt is still within SOL. Sending the letter was the correct thing to do but while waiting to see if they respond, you need to know about SOL in case they do answer.
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HeretoHelp
Joined: 21 Jan 2007
Posts: 106
Debtcc Points: 2127
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| Posted: Wed May 30, 2007 10:49 am Subject: |
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Can't add to that! Good advice. You did the right thing by sending the letter again. The first company could not respond so they sold you to a new one most likely. Thet won't have the info either. Be careful not to acknowledge even a dollar of it. If the SOL applies or is close they will try to trick you with an offer. If you counter you have just renewed the SOL from that date. The "bad guy" may try intimidation first and then the "good guy" will call with an nice offer to settle. Do not fall for that one.
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frogpatch
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Joined: 09 Apr 2007
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| Posted: Wed May 30, 2007 2:35 pm Subject: |
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Be aware that some states allow recording of collection calls with one party consent. If you just make a commitment or an agreement to pay the debt, the CA might use it against you and file a legal case. Check your state laws before talking to the CA.
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mute805
Joined: 17 Oct 2006
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| Posted: Thu May 31, 2007 4:36 am Subject: Zenith Acquisition Corp |
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I live in NJ. Believe the SOL is 4 yrs. Last payment made in 2003.
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