Federal Credit Corp is Dumb

unless you plan on recording the call as a precusor to a lawsuit i wouldn't.do they identify themselves on the message,and is their name on the caller id?if so use that,and the info you gave already and find a continency lawyer,and sue this place as that is all some of these places understand.

Thanks Paul, I don't plan on recording cause I would have to tell them if I do, then again they are probably dumb enough to break the law on a recorded call.

It shows up unknown on caller ID but the number is the same as from the letters they send. They don't identify the company either in the message, only that it is not a sales call and if you are "name" to return the call as soon as possible.

I was hoping they would try to collect by mail again before validation before I sue them. I also plan on faxing the letter to the state AG and division of banks as it is against the law to collect without a license in my state. I think it is a $500 fine first offense.

still i would try to record them anyway.as you said some are greedy,and evil enough that they will threaten anyway.can't hurt,but i just wouldn't give them the time of day otherwise.

I looked at my credit report for the hell of it today and Federal Credit Corp is now on there. It was well over a month ago that I sent the DV letter.. I disputed the account today so we will wait and see. It was originally a Bally's Fitness membership. I was contacted over a year ago by a local attorney who said he was going to sue me and never did. I never DV'd that attorney but when the company he was collecting for put the account on my report it was removed. I told him he would lose in court if he tried to sue me and he said we will see,,,,,,,,still waiting,lol.

Does the information look correct as it is listed?

Date Opened: 09/2009

Date of Status: 11/2009

Reported Since: 11/2009

Last Reported Date: 11/2009

Type: Installment

Terms: 1 Months

Monthly Payment: $0

Responsibility: Individual

Credit Limit: $728

High Balance: N/A

Recent Balance: $992

Recent Payment: $0

Account History: Collection as of Nov 2009

If you send a DV letter to them (and have proof) over a month ago then they have violated the FDCPA. I would file a complaint with the FTC against this CA. You could actually sue them for up to $1000.00 for attempting to collect and reporting to a credit reporting agency during a DV process.

i would use that info and sue them.they are illegaly re-aging the account.sept of 09 huh?sounds like they are begging to be sued.i would oblige them.

Well I will have to wait till next month to see the attorney but i will keep you updated

Oh they just called again, the guy was nice but said he never got the DV letter,lol I told him the date it was signed for and he said he will look into it and respond....

Quote:

I also got them on Chapter 93A violations in Massachusetts. Because they are not licensed in my state and contacted me it is a violation of MA debt collection laws, the FDCPA and CH 93A per se......good for treble damages or $3,000.

Now the FCRA for my credit report is $1,000 per violation,correct? And also it has to be disputed first?

Does it show as "Disputed by consumer" on your credit report?

Paul,

The 09/09 Date opened is when the CA received the account so it would not be re-aging. The CA must report the DOFD to the CRA's within 90 days of reporting.

OP,
When did you default on your contract?

Quote:

Default was 2002 I am pretty sure.

They called again last night and it hung up so I called back. He told me it was an error and that the auto dialer takes 24 hours to get my number out of the system. He said they where processing the paperwork to remove the file from my credit report too......

So does this mean that they are giving up?

Quote:

Well the good news is I have heard nothing from them and I sent a message to Bud Hibbs, he now has them on his big list.

If I were you I would speak to a consumer attorney ASAP and get this taken care of permanently. The one and only reason why these clowns still pull this garbage is because not enough people take them to court over their violations. They budget money to pay the court losses and settlements as regular cost of business because they know that fewer than 1 out of every 100 consumers they break the law with will ever do anything about it. Imagine if that number changed--could they still afford to call it "regular costs of business" if half of all people they scammed took action? Think about it....this is our best weapon against these crooks, and its high time everyone takes that ball and runs with it.

EDIT--also, if you do not take action, you can count on this account being sold to yet another junk debt buyer and this cycle will just go on and on and on. If you take them to court and win, you can try to stipulate that they can never sell this account to anyone else or try to collect on it again, and if you do that you wont ever have to deal with this old debt again. I do not advocate skipping out on legitimate debts, but in cases like this I feel that taking this action is the better course--if they really had a legitimate claim to this money then they should be acting within the law to try to collect it. And dont let that guy on the phone fool you--it doesnt matter if "he" didnt receive the DV you sent, as someone from his company signed for it that is good enough in the eyes of the law.