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my loan was sold - now what?

Date: Wed, 05/20/2009 - 15:40

Submitted by anonymous
on Wed, 05/20/2009 - 15:40

Posts: 202330 Credits: [Donate]

Total Replies: 5


i took out a 300 loan with sandpoint capital in december. last month i closed my bank acct and opened a new one. yesterday i got a phone call from a ca. this guy said their company will not accept payments and refused to send documentation. I then requested him to fax or email his company's info. he said hang on and another dude gets on the phone. He said they sent documentation in the mail but they have my wrong mailing address! i tried to explain this on the phone but he kept interrupting me. i promptly emailed and faxed a c&d letter to them. this evening i find out sandpoint sent it to icollect and then they sold it to noble recovery services. i never knew it went to icollect! now what do i do? i live in wash state.


If this is a legit collection agency, and by the sound of it they aren't, then they would know the law requires them to send you a dunning letter within 5 days of the intitial contact with you. I would tell them you aren't paying them a dime until you receive your dunning letter and PROOF you owe this debt, otherwise they can go piss up a rope. :)


lrhall41

Submitted by Shazzers on Wed, 05/27/2009 - 19:48

( Posts: 17344 | Credits: )


Wow, SHAZZERS..you have suxh a way with words!!LOL I would think any TRUE CA ( 'like', there is one) would send you documentation/proof if you asked for it.


lrhall41

Submitted by sdchargers_63 on Thu, 05/28/2009 - 04:00

( Posts: 1798 | Credits: )


three things

1)sandpoint is totally illegal
2)sounds like you overpaid by when you took the loan to when you closed your account.
3)both icollect and noble are unlicensed bottomfeeders that specialize in illegal ipdl's

i would look at the sticky that shazz set up.the third from the top on this forum.it will guide you.


lrhall41

Submitted by paulmergel on Thu, 05/28/2009 - 05:10

( Posts: 15514 | Credits: )