Need Help with Accounts Receivable Management
Date: Wed, 12/09/2009 - 09:54
They are really nice and willing to assist me if they could have my bank account information. The second I did not give them the information they were very rude and said they will report me as a refusal to pay.
I am not sure how to proceed. Should i just send them the monthly payment via money order for the amount that was offered since I cannot pay off the account?
Any help would be appreciated. Thank you.
[SIZE=3][COLOR=black]Look up the Electronic Funds Transfer Act (
[SIZE=3][COLOR=black]Look up the Electronic Funds Transfer Act (EFTA). It forbids creditors from requiring anyone to [/COLOR][COLOR=black]repay a loan/credit card via electronic payments. Tell them you are going to send a money order. Send it and if they refuse it, then under the Uniform Commercial Code (UCC Section 3-603) the debt is discharged due to refusal.[/COLOR][/SIZE]
[COLOR=black][FONT=Times New Roman][SIZE=3][/SIZE][/FONT][/COLOR]
[COLOR=black]Don't let them jerk you around. If you have to, look up the laws and fax them to them in case they are clueless.[/COLOR]
[COLOR=black][FONT=Times New Roman][SIZE=3][/SIZE][/FONT][/COLOR]
[COLOR=black][FONT=Times New Roman][SIZE=3][/SIZE][/FONT][/COLOR]
What kind of letter should I use stating that I will be paying b
What kind of letter should I use stating that I will be paying by money order?
Should i restate the terms they offered? I owe $3,000.00 on a reposession of a vehicle and they offered $1500.00 If if i pay in full. Otherwise it would be $150.00 per month. Any ideas on if i should ask for a settlement?
Just curious, why are you agreeing to pay $3,000 to a third part
Just curious, why are you agreeing to pay $3,000 to a third party debt collector without making them prove they own the debt, how much you owe, and in any event requiring you to pay via eletronic funds transfer?
I smell a rat. I would send a DV before entertaining any thought of paying this alleged debt. They may have ZERO documentation and relying solely on your fear or lack of knowledge on the law to get you to pay. If you play your cards right, you could end up having them pay you!
Hooray!
Quote:Originally Posted by jtcd1519What kind of letter should I
Quote:
Originally Posted by jtcd1519 What kind of letter should I use stating that I will be paying by money order? Should i restate the terms they offered? I owe $3,000.00 on a reposession of a vehicle and they offered $1500.00 If if i pay in full. Otherwise it would be $150.00 per month. Any ideas on if i should ask for a settlement? |
I wouldn't ask them for one damn thing. I'd demand full and proper validation of the account, as is my right under the law. And they'd cough it up, too. Or they'd never see one thin dime outta me.
Just a question. Even though I may owe a debt to the orginal cre
Just a question.
Even though I may owe a debt to the orginal creditor When I send the debt validation letter I am asking the collection agency to verfity if they have the right to collect the debt, own the debt and verify the amount of the debt?
Quote:Originally Posted by jtcd1519Just a question. Even though
Quote:
Originally Posted by jtcd1519 Just a question. Even though I may owe a debt to the orginal creditor When I send the debt validation letter I am asking the collection agency to verfity if they have the right to collect the debt, own the debt and verify the amount of the debt? |
you have got it my friend.
