[fightingmad2]

I'm in the middle of financing a new home. Now my mortgage broker is telling me the lender needs to raise my interest rate and closing costs because my credit score has plummetted from 750 to 650!!! Why? Because of RJM Acquisitions! They are collecting for One Spirit Book Club, whom I've never made a purchase. I've been living at the same address for almost 5 yrs now and have NEVER received a bill from One Spirit or RJM. But they have reported collection to Experian and Transunion this month with a collection date of 11/05!! How is this possible?! I've dispute this collection with Experian and Transunion through their websites. Whoop-de-doo. They have a month to investigate while I'm struggling with the effects of what they have done to me right now!! How can these people do this?! Where are our rights as consumers?! I've had a clean credit history up to this point, and it took just one crook to screw it all up. I'm so dissapointed and if they don't take this collection off my credit, I'm going to talk to a lawyer. I may just do that anyway. I hope other victims have and are doing the same. We need to shut these people down. If anyone has comments or advice, please post. I would love to hear them.

[LCW]

It is good that you have initiated an investigation. While the lender you are currently working with will undoubtedly charge you higher closing costs and interests rates, if the investigations comes back that the report was false, the CRA is required by law to notify anyone who received a credit report with the erroneous information, and they are required to review their decision, there for if the CRA cant validate the report, they will have to delete it and notify your lender. You lender is required then to review the account and offer you better terms if you qualify. If the CRA can't validate the information, then stay on top of your lender and ask for the reduced interest rate and maybe refund of the closing cost.

If they've screwed up your credit by misrepresenting information to a credit bureau, after you've told them that the information was false, that's an intentional violation of the Fair Credit Reporting Act. I'd file suit against them right now claiming as damages the present value of the additional interest over the thirty years (or whatever term it is) and the increase points. It may also be a violation of your state's consumer protection statutes, many of which provide for treble damages. The FRCPA provides for reimbursement of attorneys' fees, too. You can sue them where you live, because that's where they caused the damage, regardless of where they're located. I'd want to know exactly whom to sue before filing, though, because the use of a business name doesn't necessarily identify a real person (even a corporate "person"); in fact, if you can show that there's no such entity as whatever trade name they're using, you can send that information to the credit bureaus, too.

I am going through this same scenario with RJM now. I just discovered a $5 collection was put on my credit report, without ever contacting me about it. I have never heard of the company who I supposedly owed and when I asked RJM of the contact info, he said, 'tough luck', pay me or it stays on your report.
He's ruining my credit for $5! Of course people might say, 'pay it and move on', but how many instances like this go on each day?

Same thing happened to me by COLLECT CORP! They stole my SSN and filled an R9 on my file wich was a lie. I couldnt get my school loans because of it. Couldnt afford to get a lawyer so I just had to deal with the identity theft untill they "felt" like dealing with it. Put a huge dent in my life just for 166$ that COLLECTCORP felt they needed to scam for spare change.

As for how many times this happens? Think about it, how many people will accually pay the jerks... every 5 bucks adds up! Think about the elderly people who are targeted who dont know any better or think since they have all of their info, that it must be real.

Its not fair and should be illegal for these theives to have access to our infomation.

But you gotta be honest, these guys have a pretty good buisness going on - legal extortion

B of A tells me I owe $46 and RJM sends me a bill for $100.71 AFTER I found this shit on my credit report. My mother's credit report was clean and we've never had a joint bank account but suddenly the SAME exact charge shows up on her credit score and is holding off my student loan. Unfortunately, I need the loan so I have to pay the $100 and in the process find out why there is a charge showing up on my mother's account.

See, you have to pay the jerks because theyre intentionally screwing with your life. They know that you cant get school loans, mortgages, phones and such, thats why they do it.

Erg, you just unfortunately gave into their scam and its sad that you were forced to do that so you life wouldnt be inturrupted, but thats thier game.

I also got a letter from them saying I owed a debt to Service Merchandise, to which I truly believe I paid off years ago. But have no proof anf it was almost to even go off my credit. It had gone to collection agency and I paid it but no proof. So now I am paying them to clear my credit. I worked hard to get my credit straight again over past years. What can you do had I seen this before I would have fought them and asked for paper trails on the account. Vicki Nixon

[NASCAR_Devil]

Vicki...might I suggest you start a new thread with this issue. This one is a couple years old. I would suggest you not just pay them until you send them a request for debt validation.

[DOLLARSandSINCE]

Service Merchandise went bankrupt in 1999. Most of the stores were closed 5-10 years before that. It would be impossible for a collection agency to validate any debt from that company. I would DV them and tell them you are going to sue them if it is on your credit report or if they bother you again.

Wachovia Bank Checking Account sold to RJM ACQ LLC Has shown up on my credit report. I am requesting that this account have be checked and verified .Please send me a copy of this account so that i can verify that this is my account. In return if this is my account i will pay the full amount> please send attention to: PERSONAL INFORMATION REMOVED

[SOAPLADY]

Paul...you will need to contact wachovia or RJM directly. This is a credit forum.

same thing just happened to me. Looked up my credit and there it was i owe them 48 dollars for some crazy book store from back in 2002. This has got to stop!! This is happening to many people. I would have never of known this was taking my score down if I would not have looked at my credit.

i got two charges from them totaling $166 from some book club i do not know. i am so upset, i need this thing taken off. i disputed it but they are saying it is correct but have yet to show me any paper work. i need to get this fixed.

[NASCAR_Devil]

Have you sent them a DV letter? Send them a DV CMRRR, track it on-line and when they sign for it, dispute it with all 3 CRA's. They must provide validation before verifying the tradeline. If they cannot validate, then they have to delete. If they verify before providing validation, they have violated the fdcpa.

I noticed a $30 charge on my credit report from RJM for Childrens BOMC. I had no idea what this was. I disputed w/ Experian, they investigated, but said it will remain on my report. So I googled RJM. Found this website with their phone #. So I just called. Turns out they were trying to charge me for a Children's book of the month club order from 2004 at an address that I hadn't lived at since 2000 in a different state. So either they made this up, or someone at my old address received mail addressed to me and signed up for it under my name and didn't bother to pay for it.
Anyway, RJM said they would close the acct and report the change to the credit bureaus. I will surely be checking to make sure this is removed.