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 Posted: Wed Feb 21, 2007 9:08 am Subject: SRA Associates Debt Collection |
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Hello I've been having some problems with SRA Associate In NJ but I don't know how all this Started and it really bothers me so I would like to know the root of this whole situation I've been asked to pay $185 I don't why but I went to Bank of America which is the bank I had an account with and they told me my account has been closed. So what do you think is the best thing I can do. I spoke to one of the ladys over there and she told me if they did't pay 85% of the amount they would proceed to the next step Which I don't know what that is. Please tell me what I should do.
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mchris4christ
Joined: 21 Feb 2007
Posts: 1
Debtcc Points: 60
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| Posted: Wed Feb 21, 2007 12:11 pm Subject: |
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i had an $1300 negative balance with BOA and it was sent to collections from SRA. SRA settled with me for 1100 and they told me if i did not pay the next step was depending on the state law of NJ and how BOA is going to procede if it helps any I spoke with a lady named Gina Bernard. She was a very nice person to speak with..
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traci78
Joined: 04 Oct 2006
Posts: 106
Debtcc Points: 589
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| Posted: Wed Feb 21, 2007 1:02 pm Subject: |
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Don't you think that you should first have something in writing from SRA that proves about the debt you owe to anyone and that they are authorized for collections? If SRA is collecting on behalf of BOA, you should call the bank and get more information.
Get the debt validated by SRA in writing. Read the FDCPA laws and make yourself informed. You have every right to ask for the details before any action is taken against you. Send the DV letter CMRRR so that you have proof of your actions and throw the ball in their court. Now, the burden of responsibility will be put on them until they prove you with the debt details.
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a_neblat
Joined: 10 Aug 2006
Posts: 407
Debtcc Points: 5814
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| Posted: Wed Feb 21, 2007 2:34 pm Subject: |
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If this is assigned to them,they are 3rd party and fall under fdcpa. Personally since I don't like being bothered with collectors,I would contact the bank and keep calling until I found someone with authority to make a settlement after they have given you a itemized bill of charges and why you were charged. If this relates to a checking account closure,you may have problems opening another checking account.Banks report to chexsystems on nsfs,over the limits on checking.
If they did report you to them, you have the right to a copy of your report.You also have the right to dispute incorrect information.In the future,please remember if you have problems with a bank account,you have the right to dispute any charges you are not in agreement.This type of account would be subject to the Fair Credit Billing Act & Electronic Fund Transfer Act,both being federal law.
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cajunbulldog
Moderator
Joined: 20 Dec 2006
Posts: 4861
Debtcc Points: 37813
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| Posted: Wed Feb 21, 2007 6:12 pm Subject: |
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in my case i have received letters from SRA re: my debt and i new how much i owed BOA and if i were to pay BOA directly i would of had to give them over $1300 but SRA was able to contact the bank and get me a settlement for $1100 ya it was alot but it cleared up my chexsystems and the negative balance was all do to BOA charging me $35 every time a PDL tried taking money out, but according to BOA even though they were illegal i still took the money so they couldn't help me the only thing they did was credit my accout a whole $165 from nsf fees but still ended up being $1100 but at least i can have a bank account know and no paying those high fees somewhere else to get money orders and cash checks
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traci78
Joined: 04 Oct 2006
Posts: 106
Debtcc Points: 589
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