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Creditors Interchange - Chase

Date: Thu, 06/10/2010 - 08:52

Submitted by OZZIE69
on Thu, 06/10/2010 - 08:52

Posts: 555 Credits: [Donate]

Total Replies: 5


My Chase recently charged off and I received a letter from Creditors Interchange and they said "we have received authorization from Chase to initiate collection efforts to recover debt. I am assuming they were assigned rather than bought debt.

Sent debt validation today. Do I need to talk to them before they get validation letter? They have called several times.

Thanks


Quote:

Originally Posted by SOAPLADY
You dont have to but it might be a good idea. Collection agencies see this a stall tactic and may recommend that your account be escalated for further action and not even bother taking the time to do the DV. Time is money to them.


I will send today. Are they not required to dv since only assigned to them? Again, I am assuming they were assigned not sold.


lrhall41

Submitted by OZZIE69 on Thu, 06/10/2010 - 09:23

( Posts: 555 | Credits: )


they are only required to answer if they wish to collect on it. With a lot of agencies, it is too much of a hassle so they close and return it or make requests to escalate the account. the agency I worked for would never hang onto a citibank dv request...it clogged up their inventory and messed with their numbers...so they would usually request that citi refer it to a law office.


lrhall41

Submitted by SOAPLADY on Thu, 06/10/2010 - 09:38

( Posts: 17315 | Credits: )