Does Accounts Receivable Tech. take accounts from Ellis

I got a call from Account Receivables yesterday and a letter in the mail as well. The guy I spoke with said that they had taken over Ellis, Crosby's cases and that he did not want to intimidate me or to make me feel bad he just wanted to work with me to get the balance paid. I told him I was at work and could not talk and he said he understood and took my cell number to call me another time. He said if anyone from Ellis calls me to tell them I know that AR is now handling my case and that they need to leave me alone. It was very strange how nice he was!

they called me too and sent a letter yesterday... my loans was with fsm processing for 400, they want 658... not sure what to do.... also transferred loan from ellis crosby

I have to agree with knee. The woman I spoke with was very nice and explained everything to me. I told her I had already paid Ellis some money. She told me to fax my receipts on Monday and they would deduct that from what I owed. Well would you belive this...U just received a call from Ellis Crosby. She said it was importent that I call her back. So I called Acounts Receivable back and they reassured me that they had my account and that Ellis was being sued and that they cannot collect any money. They asked me to call Ellis back to see what they wanted and then call them back.

It might sound good that Account receivable is holding the accounts previously owned by Ellis Crosby. I also admit that they are much considerate in working on our accounts.

But the bottom line is that we should see that our money goes towards our debt account only. Has anyone thought about asking Account Receivable to prove the debt we owe? fdcpa law gives us this legal right and we should exercise it at the most. I guess they won't be hesitant in providing the necessary details.

At the end, they should responsibly report our accounts to the bureaus. We need to make sure that our credit file takes good shape after payments are done. Get everything in writing right from the beginning so that we don't have to suffer later.

I just Called the ACA and I found out they are no linger a MEMBER They have been let go. For about 4 months now

Joey Urquide, Ellis Crosby is undergoing several legal actions by the Florida Attorney general and most probably, they are out of business.

So, if Ellis Crosby is calling you, you are not forced to attend them.

I was contacted by ec& a on 10/05/05. Seeking payment immediately i am reading all your comments on this forum should i send them any money. What happen with this company. I was threaten 7 accured of committing fraud against a fsm & us banking savings. I live in new jersey. Thaanks for some advice. After all these stories i don't think i'm going to pay them unitl i get more information

Hi LENORA

Remember that even if you pay the amount to Ellis Crosby, it will not be going to your debt account. They will try to pocket your hard earned money and you will be left with no proof of your payment made.

During this time, they were supposed to appear before the court for their illegal activities. You can check the state attorney general website of Florida to get the latest update.

If they call you repeatedly, inform them that the call is being recorded and you will be forced to take legal actions against them. Also file your complaints at the FTC, BBB and the DA's office.

Regards
Roxette

I guess the niceness only lasts so long. I received a letter in the mail a week or so ago from Accounts Receivable Technologies stating that I owed money for a loan in the amount of $778.00. My original loan was only $300.00. I spoke to a gentleman who was very nice and felt like I might have a chance at taking care of this. This weekend I received another letter from them stating that I owe $998.00. I called to speak to the same gentleman and was told that I had to deal with whoever I got. I said ok, can you explain how the amount went up by $220.00? The lady on the phone named Delores told me that because I did not pay the balance in full, they added on interest. I asked her how the interest is calculated and she told me not to worry about it that they knew what they were doing. What do I do now?

knee

Call Delores once again and ask her to put it in writing that you are not required to know the calculation of interest. You have to show the document in the court later that the company didn't give you necessary papers on how the interests were calculated. A company doing business always puts everything on paper and she sounds unco-operative with the consumers.

Regards
Roxette

I received a letter and a phone call from Account Receivable Technology saying that I owed almost $1000. The loan that I took out from Apollo was only for $200. How do I dispute this?

Kathy

Account Receivable Technology must be holding your debt legally before you make any payment to them. Ask them to validate the debt and also give you the proper calculations of it. As per the fdcpa law, they are required to be licensed in your state to collect the debt. Also check if the said debt is within the SOL period. And you need to be provided a copy of the agreement letter stating that your creditors have sold the debt to this collection agency.

After they have given you specific details of your debt, you know that the legitimacy of the debt and hence you can pay it off.

Do you have a fax number for Account Receivalbe Technology? Or an address?

1 woodbridge center suite 410
Woodbridge, NJ 07095.

What if CA replies with calculations and you don't agree? What steps should be taken next? I had Accounts Receivable tell me over the phone they charge 35% fee for the loan amount.

Hi MD,

Welcome to the forums. Before you took the loan, you must have been given information of the calculation of interests and other fees charged on defaults.

If you find the present calculation not matching with the one stated in the agreement deed, you can dispute with them and ask to verify it.

Also, they need to provide you information if they are licensed to collect the debt in your state and a copy of the agreement letter showing that the creditor has assigned the collection agency to collect debt from you.

Verification of SOL for the said debt also needs to be provided in the debt validation process.

Send your correspondence through certified mail with return receipt requested so that you have it for records.

Regards
Roxette

I setup payment arrangements stupidly with Account Receivable Technologies on 10/1/05. I borrowed $300 from Bahamas Marketing group and $300 from PPGC back in March 2005. I received a bill in the mail from ART saying I owe $1215 with the name Bahamas marketing Group next to it. I called them up and said i owe 2 loans not one. They said the loan for BMG is for $688.50 and the loan for $PPGC is for $526.50. I said tell me how you come up with those calculations when i only borowed $600 total with each having $90 fees. So a total of $780. They tell me BMG sold them the account for $510 and PPGC sold them the account for $390. I said ok that what i should pay. The collector Mike Gallo tells me ART charges collection fees of $178.50 on the BMG loan and $136.50 on the PPGC loan. I got fed up and said ok lets just setup check by phone and pay this off so this headache will go away. So i gave my back information and he sets up 3 payments for October, November, december in the amount of $175.50 + $20 each check for processing for a total of $195.50. That's just the PPGC loan totaling $586.50 (from $300). Then he says in January we will work out the payments for PPGC for 3 months in the amounts of $229.50 + $20 processing fees each check.

I called back 1 week later and said to Mike Gallo to send me a bill indicating that I owe 2 loans totaling $1215. He said he would and I never received anything. I call today 10/17/05, I speak to someone else handling my account and named Sylvia who puts me through her manager Fran and I told fran that i would like her to validate the debt by sending me an itemized bill in the mail. She said they can not do that. I said any respectable company could do that. She said she would tell me over the phone but i should look at my old bank statements to see what I owe and agreed to. I said if you are getting paid a collection fee then I want you to do the work for me. i said i am not paying $20 extra per check chargeand she said i have to or mail my check in by 10/31/05 or else she would revert the collection back to the original company that i am refusing to pay the debt. i asked if she had any affiliation with Ellis Crosby and she said no but if I call them they will charge me at least over $1700.

I don't mind paying off debt but I am not too sure about this company and now I am worried that they have my bank information. any recommendation?

Dale, you have posted this one similar to the last one posted here. Please go through this thread.

http://forums.debtcc.com/forums/first-credit.html

I just received another letter from Accts Receivable telling me that because I did not pay on time, they added $498.00 in penalties on to my account. The bill is now at $1496.00 and each time I call they tell me if I pay in full I can avoid all the fees that are being added. I looked again at my loan paperwork, my original loan was only $300.00. How can they do this? I am more than willing to pay but if they add on interest and penalties this fast I will never catch up. Is there anyone I can call on this?

Knee,

Firstly, request Accounts Receivables to put the calculation of interests in writing as you will like to go through it.

You must have read the agreement letter which states the interest calculations on defaults. Please read it and compare if the agreement tallies with the calculation put in this statement.

If so, then you will have to make large payments each month to catch the loan amount. Otherwise, it will keep increasing faster.

If the calculation in the agreement does not match with this one put in the statement, then you can dispute with the lenders and ask for a revision. Hope that you will get a correct and legitimate statement this time.

Regards
Roxette

Accounts Receivable claims that they sent me a notice on the 28th of September, 11th of October and the 17th of October. Still have received none of them. I sent them a debt validation letter on the 11th of October by certified mail and they received it on the 14th of October and I had the return receipt back on the 18th of October. How can I not be reciving their letters but mine only took four days. They have yet to validate the debt. If they don't validate the debt, what steps can I take to make them validate it? These are the rudest people to deal with.

mom of twins

As you know the importance of sending the mail certified, the collection agencies also know about it. If they have a genuine claim, they will send it certified anyway. But these pretexts of having sent(without certified) are used when they are lying.

They won't pull it to the court otherwise they will be required to prove their efforts made. Please keep your CMRRR serial number in safe place.

Until the debt gets validated, you can refuse to pay it. It is your federal right to get the debt validated from the agency and until it has been done, you can refuse to pay it.