Q about possible avenues to resolve the debt
Date: Thu, 01/29/2009 - 11:24
I have a decently large amount of debt from GE Money Bank. I believe they have sold the debt to someone else and now P. Scott Lowery is try to collect on it. I am in the process of working up my letter requesting Debt Valedation since they refuse to give me one when asked.
My question at this point is this... Can I send them a cease and desist letter and try working with the original creditor? Or is it too late for that because the original creditor may have sold my account?
Thanks for any help and suggestion... this has me seriously upset and worried.
First and foremost, verify your account status with GE Money Ban
First and foremost, verify your account status with GE Money Bank by requesting them to provide your credit report. If it shows ???sent to collector???, then P. Scott Lowery is the present collector. If the report has discrepancy, then according to fdcpa, you may process DV letter to them. You may contact them and go for debt settlement program which shall lower your debt burden to some extent. You can request them to transfer your debt to the original creditor. Since you actually owe the debt sending C & S letter to stop the collection agency to contact you, shall not be fruitful.
That is not quite true....you can send a DV letter ANY time, not
That is not quite true....you can send a DV letter ANY time, not just if the credit report has some discrepancies, plus I have never heard of the creditor providing you with a credit report..you can go get that yourself..it will simply add more clout to your DV if there are discrepancies, but not required.
Plus, if it is sold, that still doesn't mean the CA contacting you is the correct one, debt passes many hands and there are many cases where a CA had sold an account, but hen gone back later and still tried to collect upon it.
And any C&D letter will work if sent, by law a CA HAS to abide by it, but it could get you sued at worst since you would be leaving them with little choice.
