Jefferson Capital

Can you name the state from where Jefferson Capital is placing the call to your Dad? I think they are based in AL, MN and GA.

I think they're in MN....

It is very important that you should dispute with the company on the expiry of the SOL. Sometimes, it is due to these consumers' avoidance, the collection agencies fraudulently take the matter to the court and prove that the person is trying to avoid a debt that is legitimate. Since you did not respond to the company with a dispute on the expiry of the SOL, the judge will take decisions in their favor. You will be held responsible to pay this debt legally.

Most of the collection agencies use this fraudulent method to recover money from the people. Using this method, you can also be made to pay a debt that you never owed.

Here is the address to contact the company. Send your letters through certified mail with return receipt requested. Keep everything documented in a file so that there is a proof of your actions.

Jefferson Capital Systems, LLC
16 McLeland Road
Saint Cloud, MN 56303
Telephone: (320) 229-8517
Fax: (320) 229-8582

As a probable bit of karma from the Credit Gods, when I moved several years ago, I randomly happened to get the former telephone number of two of the world's greatest deadbeats--Robert & Noel Lutfi. These worthless, two-bit ragheads apparently owed/still owe money to every bank, credit card company and automobile finance company existing on the face of the Earth. One of the more persistent collection agencies has been Jefferson Capital of St. Cloud, MN. Having (unfortunate) cause to have spent some time in St. Cloud, MN, I actually went to Jefferson Capital's "offices." Pardon me while I ROFLMAO for a minute. Ok, I feel better now. If you'd like a laugh for yourself, visit their "offices." They're located at 16 McLeland Road, St. Cloud, MN 56303.

Jefferson Capital (they apparently stole their name from a legitimate investment management company in Maryland) is a little teeny, tiny "company" composed of about a half-dozen almost completely uneducated, quasi-literate high-school dropouts who are apparently completely unable to obtain employment doing anything else. This "company" (and I use that term in the widest possible sense) is nothing but a bunch of ragpicking bottom feeders. They buy old (let me change that, they buy ANCIENT) charged off collection accounts for 2 or 3 cents on the dollar and attempt to bully unknowing consumers into doing two specific things.

First, they attempt to get the people who formerly owed the debts to reaffirm the debt, thereby possibly giving some legal standing to the worthless accounts they purchase. If they can get the poor sap who formerly owed the debt to reaffirm it, in some states, they can proceed with legal collection action against the account holder. Here's a tip: NEVER, N-E-V-E-R NEVER EVER acknowledge an alleged debt some imbecile from a collection agency might call you about. If these bottom feeders ever come after you, tell them you know nothing about the debt, they've got the wrong number and hang up on them. When they call back, pin them down. Who are you? Where are your offices? What's the name of the President of your company? Be sure you get the name of the imbecile that's actually calling you. Once you have this information (you're unlikely to actually get any of it, once you start sounding like an informed consumer, they'll ring off and probably leave you alone forever--you're way too much trouble to go through for the couple bucks they spent getting your old account info), type up a nice letter and send it to them--along, of course, with a copy that you send to the Attorney General of their home office state, as well as the Attorney General of your state.

Remember, if you affirm the debt in ANY fashion, you've probably screwed the pooch, which in this case, is you--assuming that you actually did once owe the debt in question. I've found that when these bottom feeders call looking for Robert or Noel Lutfi, if I tell the imbecile calling that I need to start a voice recorder, so I have an accurate record of the call, they hang up almost immediately and I never hear from them again.

Unfortunately for Jefferson Capital (and every other collection of bottom feeding slime that's searching for the Lutfi's), I happen to have a law degree and I manage several private hedge funds. I'm not a collections law expert, but I do know a tad about debt management and the legalities applicable thereto.

If these bottom feeding slimebags can manage to get someone to reaffirm the debt, they then use simple trickery to get them to agree in some fashion, to a rather substantial assumption of new debt. One of their favorites is to offer the debtor (who's now reaffirmed the original debt and may be liable for the entire original amount, plus interest, court costs and that ever-so-wonderful favorite "other associated fees" (I.e., we're going to charge you this fee, just because we can or because we feel like it) some way of paying for the debt. Junk credit cards seem to be favorites. Google "junk credit cards" and you'll see how this works.

What all these bottom feeding sucmbags don't want is publicity. Anytime you get a call from these low lifes, document it in a newsgroup. Be specific about the company name, where they're located, etc., etc. Search engines like Google will easily pull up the name and associated information, thereby exposing these bottom feeding scumbags to widespread public scrutiny. Remember, a scam can stand almost anything, except the cold, hard light of day, which is simply reflected in the truth about their operations.

I should probably state that I have nothing against LEGITIMATE collection agencies--ones that actually work within the law and don't resort to trickery and subterfuge to achieve their goals. It's the bottom feeding, low-life scumbag operations, like Jefferson Capital, that I have absolutely NO USE AT ALL for.

Quote:

Oh man! I just received one of their letters in the mail the other day. It doesn't even say what debt I owe and how much. Only an account number. No phone number also, to contact them back (like I would :roll: ) and they say something about giving information when using their website. They don't even have a web address printed on the letter!!. Well they're not getting me!!!

Quote from f4RIO:
I happen to have a law degree and I manage several private hedge funds. I'm not a collections law expert, but I do know a tad about debt management and the legalities applicable thereto.

I actually used to work at Jefferson Capital and its people like f4RIO that makes you have a shitty day. The company is very helpful if you are looking to cleanup your credit history. The fact of the matter is, that if you are getting calls/mail from JCAP then you have a delinquent account. And it is not a 6 month late account, it is at least 1 year old. It is reporting on your credit report as "delinquent." The only way you can get rid of this agency is to ignore the phone calls and mail, or actually answer the call. The agents CAN NOT be mean or nasty with you, believe me, this company prides itself on customer service and being different than your average collection agency.

In this field, there are many stupid ignorant people that "think" they know what they are talking about (f4RIO) when it comes to debt, but take it from me, he knows nothing. Being pissy and yelling at a person that makes $9.50 an hour should not make you feel any better about your situation. As it is, if you do yell and swear, JCAP will mark it on the file and send it to another agency that will not be so nice. There is no way to stop the collection calls unless you set something up to repay the debt, even if you tell this company to stop calling, they will send it to another.

In my opinion, your best bet is to see what JCAP has to offer. When I worked there we offered discounts of up to 1/3 of your debt off (they can do this because, yes they do buy the accounts at a discount). As for the statute of limitations of 7 years, that is just for reporting purposes only. Just because 7 years has passed does not mean you don't owe the debt anymore (it is just not reported on you credit report). Many people think they can just wait 7 years and it will disappear, no no my friend. Just because you wait that long doesn't mean the debt disappears, otherwise, why wouldn't everyone do it?! Really, think about that?

So whatever you do be patient. Listen to what the company has to say. If they don't give you a good deal, tell them so. They might be able to offer a different plan. Also, if you don't have the money or are jobless, tell them so! Really, the people that work here ARE PEOPLE and they understand the value of money! If you tell them you have no money to pay it, what more can they say? Nothing. The agent would just mark on their system that you are not able to pay and the account would be removed from the system.

The fact of the matter is that JCAP does not own these delinquent accounts. They are merely making an offer to see if it would work with your budget. If you choose to take the repayment plan, then JCAP would purchase the account from the orignal company (whatever it may be; Tribute Mastercard, Aspire Mastercard, Florida Auto Finance, Sears, Verizon, etc.) The company also offers something that is far different than other collection companies, they help to rebuild your credit. This works by they transfer your debt to a new credit card and opens a new account on your credit report and shows you are making payments. As for the old trade line (whatever account that is in question), it will be marked as "paid in full" once you reach about 1/3 of repayment on the debt. Yes, many don't want another credit card, but just because its issued to you doesn't mean you have to use it! There are no annual fees or transfer fees or any kind of fee to do this, so it's really in you best interest to at least consider it. You can even tell the agent that you would like to discuss it with someone that you know that knows financial stuff and they can give u a call back later or even 3 way call them. Like I said before, the people here are very down to earth and many of them are intelligent nice people (yes, with every company there might be a few bad apples).

So good luck in whatever you do! But please don't listen to idiots like f4RIO who like to "cheat the system" and make excuses and find ways around not paying bills. People like that are why I left that job, couldn't handle the ignorant stupid people that think they know all!

[font=Tahoma][/font][size=3][/size][color=DarkRed][/color]Quote from SCSU Grad Student:
So whatever you do be patient. Listen to what the company has to say. If they don't give you a good deal, tell them so. They might be able to offer a different plan. Also, if you don't have the money or are jobless, tell them so! Really, the people that work here ARE PEOPLE and they understand the value of money! If you tell them you have no money to pay it, what more can they say? Nothing. The agent would just mark on their system that you are not able to pay and the account would be removed from the system.

I have to totally agree with you. I have dealt with Jefferson Capital to try to clean up a previous debt I had. I had fallen behind on an account of mine due to medical problems and it was turned over to several collection agencies (some of whom were quite rude and nasty over the phone). The account finally landed in Jefferson's lap. Even though I was out on Worker's Comp, they were willing to work with me to find a payment plan that worked for me (I only receive $95/wk since it was my part-time job I was injured on and not my full-time job.) This past August, unfortunately, WCC took it upon themselves to cut off my piddly $95/wk check. I explained my situation to Jefferson and they were willing to put my account on hold until after I attended a Commisioner's hearing to get my checks restarted. Unfortunately, everything was not settled until this past January. By that time the account had been sent to Allied (who are notorious for calling 3-4 times a day and just hanging up or leaving a recording on your phone. If you do manage to speak with someone from there, they are quite rude, insist you owe them the balance on the account.) I had already been in touch with Jefferson and they agreed to re-open my account, credit me for all payments already made, and re-establish a new account in good standing for me. Unfortunately, Allied doesn't seem to want to honor the fact that Jefferson has taken back the account (in the last 15 days, they have called me 27 times, most days at least 3 times, but never actually talk to me. When I do pick up the phone, they hang up or have a recording waiting for me.) Thankfully, a very nice lady, "Joan," in the customer support area, has gone out of her way to not only make sure all previous payments are credited to my account, but to deal with Allied as well. (Knock-on-wood their finally gone...no calls in the past 3 days at all.)

I have read a lot of the negative things said about Jefferson, but have to agree with you...

Being pissy and yelling at a person that makes $9.50 an hour should not make you feel any better about your situation. and that The company is very helpful if you are looking to cleanup your credit history.

Thank you for helping to set the record straight.

I'm coming to this post a bit late in the game but for the record: there is something called a statute of limitations where it comes to debt. In many states, it's less than 7 years. I live in CA and here it is 4 years. Attempting to collect what is known as "Zombie Debt" violates numerous areas of the FDCPA.

Get your facts straight. Do your homework. This is your credit, and you sir, this is (was) your job.