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Posted: Wed Sep 14, 2005 1:42 pm Subject: Trying to contact the original lender

Is there away yo contact the company that you got the loan from and work it out with them instaed of ECA? If so does anyone have the number to E-payday. I have already paid 1/2 of the amount to ECA and want to amke sure the money is going where it should. Is it worth the try??

Posted: Wed Sep 14, 2005 4:09 pm Subject:

If the creditor has sold the debt to the collection agency, they will not have any more hold in your account. You only need to pay to the collection agency and settle it off.

If the creditor has used an internal collection agency to work on your account, you can then approach to your creditor and seek information about your account.

Firstly, you should check the latest credit report from the three bureaus and see the latest standing of the account.

You can plan your moves accordingly.

Posted: Thu Sep 15, 2005 5:23 am Subject:

Well I received my credit reports fron 2 of the bureaus and my debts not on there. So what you are saying is that I will need to deal with Ellis Crosby and Associates on this?

Posted: Thu Sep 15, 2005 5:29 am Subject:

annmarie0205

I would not deal with ECA period. They are currently under investigation and on their way to court of illegal practices.

I would either wait to see who gets your account next, or find a way to get ahold of E-Payday and see about settling with them.

If the loan company sold this to ECA, then that is who you would have to pay. They would refer you to them anyway.

You mentioned that this is not on your credit report...if it's not then I wouldn't worry about paying till it appears. Or find out who's going to handle it next to avoid that all together...(it being put on there)

Joe M. · Posted: Sun Sep 25, 2005 3:46 pm Subject:

So, Mikey what you are saying is, that if a CA is sending you letters and calling you about a debt that is NOT on your CR, they can't do nothing about it?

Posted: Sun Sep 25, 2005 4:12 pm Subject:

It would just seem odd to me....that someone is trying to collect on something that isn't there. Sometimes errors can happen and they can be putting the mark on it later in the week.

Joe M. · Posted: Sun Sep 25, 2005 4:56 pm Subject:

All my reports are the same, these debts are from a few years back. I don't quite understand the sol in MO.

Posted: Sun Sep 25, 2005 9:30 pm Subject:

Joe-

Are these from payday loans that you took out years ago. I was under the impression that Ellis Crosby and Associates only dealt with recovering payday loans.

There are places also that may not even report to the credit bureau and just try to collect from you personally.

But I want to make sure I'm understanding...

the letters you are receiving are for a debt concerning a payday loan?

-Mike

Joe M. · Posted: Mon Sep 26, 2005 5:25 am Subject:

Old credit cards.

Posted: Mon Sep 26, 2005 5:59 am Subject:

and this was Ellis Crosby & Associates contacting you?

Problem with old credit cards is, say for instance you had a Discover Card. The item will appear on your credit report, maybe as a charge off-- but then the new collection agency will appear and the amount will be shown.

It throws people off, especially if after a few years that collection agency sells the account again.

-Mike

Joe M. · Posted: Mon Sep 26, 2005 3:37 pm Subject:

No, Ellis is not contacting me, NCO is. These cards are back from 95 an 96, but they aren't on my report.

Posted: Mon Sep 26, 2005 4:19 pm Subject:

Joe-

When you say these cards are not on your report...do you mean the name of the credit card company, ie Providian, Discover...etc.

or do you mean anything pertaining to the credit card debt.

When you see that Discover Card, for instance, has been charged off...it could have also been sold to an agency.

You mentioned that there was nothing about the debt on your credit report. In any case when someone is trying to collect a debt you should ask for validation. That'll go into more detail (the letter they'll send you) about how the debt came about, where it came from, etc.

-Mike

Joe M. · Posted: Mon Sep 26, 2005 4:51 pm Subject:

Mike

There is no company or card on my CR, what they are calling for is an credit card debt back from 95 & 96.
There is no name of a CA on my report either.

Posted: Mon Sep 26, 2005 4:53 pm Subject:

Then I suggest you ask for validation of the debt and check about the limitations (timeframe) on collecting for debts in your state. This will be the only way to get them to stop contacting you.

-Mike

Joe M. · Posted: Mon Sep 26, 2005 4:55 pm Subject:

Then should I send a SOL letter or a Validation of Debt letter?

Posted: Mon Sep 26, 2005 5:14 pm Subject:

Joe,

When you send them a dispute letter, ask them to provide you the following details. These details need to be furnished as per the fdcpa law. We are talking about accounts way back in 1995 and 1996. So, I assume that a collection agency is trying to collect the debt from you.

The details of the account.
All the calculation should be shown of the amount that is owed.
Any copies of the papers to be furnished that shows the payment agreement.
Provide a verification or copy of any judgment if applicable
The original creditor needs to be identified.
The Statute of Limitation needs to be proven for the collection of the debt.
The license of the collection agency applicable in the state is to be furnished along with the license numbers and Registered Agent
Proof of the agreement that the debt collector has purchased the debt or has been hired by the creditor to collect the debt from the debtor as this is the basic contract law.
Complete payment history showing the details of the creditors, payment history, amount of the debt, break up of fees/interest should be provided in paper.
A copy of the original signed loan agreement between the debtor and the original creditor establishing the debt between both the parties also has to be produced.

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