Palisades collection-Consumer complaints and tips to deal with the CA

Are you saying that consumers have no right to ask for validation of a debt? What if there was a typo by a clerk and a debt for $100 was mistyped in the collection letter as $10000? So we have no right to ask for proof? What if the debt was already paid, but the collector relied on outdated or manufactured paperwork?

I don't think debt collectors are infallible. In fact, they may be in business just to make money, regardless of how legal or moral their methods are. Or am I wrong? Please correct me, if so.

You are 100% right. The post you quoted is rubbish. The account is NOT validated when they send you a collection letter. Validation is when you dispute the debt with the CA and they in turn contact the original creditor, get validating documentation and then forward it to the disputing consumer. That is the law plain as day and anyone who can comprehend engish should have no trouble with it.

The sad fact is they are for-profit companies and the majority break the laws right and left. Heck, the laws were enacted BECAUSE of all this BS unethical CAs pull. Now there are ethical CAs out there, but not many.

I paid off an account (Bally's) in 6/2008. I threatened legal action because I never set this account up. I asked Palasides to prove I opened the account, they couldn't. Unfortunately, I couldn't wait 30 days (or even 10 days) so I settled the debt for $200 something. Now, 3 years later, I am buying a house and my lender tells me that my full debt of $980 is on one of my credit reports.

Unfortunately again, I do not have time to deal with this. I will be calling them tomorrow (after hours now), and if I don't get the resolution I seek I wil be sueing them and it won't be pretty.

These clowns are what is known as a factoring company. They buy very old receivables very cheap in hope of collecting them for a fraction of the face amount. The folks who work there do not even know what a factoring company is, so that's what you are dealing with. I just got a $112 bill for a car loan from 1987. C'mon, they can't be serious, but I guess a percentage of the population will be intimidated enough to pay these clowns.

Actually they are NOT a factoring company...a factoring company buys business accounts that are NOT delinquent. They are debt purchasers plain and simple. The factoring listing on credit reports is wrong and can be challenged.

Here is there address and a letter I sent them to stop them from calling or writing me. Note they can sue you after you send this to try and collect the debt. In my case it was not my debt so no worries....



Palisades Collection Agency, LLC
210 Sylan Avenue
Englewood Cliff, NJ 07632
REF:

To Whom it May Concern:
1. You are hereby notified under provisions of Public Laws 104-208, also known as the Fair Debt Collection Practices Act, that your services are no longer desired.
2. You and your organization must CEASE & DESIST all attempts to collect the above debt. Failure to comply with this law will result in my immediately filing a complaint with the Federal Trade Commission and the California Attorney General's office. I will pursue all criminal and civil claims against you and your company.
3. Let this letter also serve as your warning that I may utilize telephone recording devices in order to document any telephone conversations that we may have in the future.
4. Furthermore, if any negative information is placed on my credit bureau reports by your agency after receipt of this notice, this will cause me to file suit against you and your organization, both personally and corporately, to seek any and all legal remedies available to me by law.
5. It is my policy neither to recognize nor deal with collection agencies.

Give this matter the attention it deserves!

Wow I don't think they would know what hit them...but you are right...don't try this unlss you are sure it is not your debt!

Simplest thing to start with - refuse to give them any information they don't provide up front. NEVER give you social security number to them. If they can't look you up with the information they have (minimally the phone number they called you at, the reference number they gave, and a name they gave), then they have no reason to need you to provide information.

Don't ever assume a debt is validated and owed. I'm VERY particular about anything I sign up for or owe. I know who the creditors are and I keep in touch with them.

I had an unauthorized charge show up randomly on my phone bill. Called them (after calling my phone company and having third party billing blocked completely). Turns out it was in the name of a woman listed as part of my household via several internet people search sites. I've never heard of her, but she may live in the same apartment complex and share a last name. From that information they got "her" phone number - and tried to bill me.

Having the debt validated is NECESSARY because this company does not mail out a bill. Having the debt validated is NECESSARY because this company asks for personal information that they should either already know or don't need. Having the debt validated is NECESSARY because one might be paying the original creditor still because absolutely no notice of any sale of the debt was made.

We do have rights as creditors. Not to evade legitimately owed debts, but to not be harassed and not have payment demanded without proof we owe.

I agree wholeheartedly. You can also give them just the last 4 digits of your social, if they can't find you with that, then they are outta luck. That passage you quoted was just plain BS....I would bet that poster is a debt collector because I have heard that same spiel from them.