miss

Date: Mon, 03/07/2011 - 18:07

Submitted by anonymous
on Mon, 03/07/2011 - 18:07

Posts: 202330 Credits: [Donate]

Total Replies: 3

received a call on my cell phone (which i had never used in any pass financial business) from a woman claim to be collecting money i owe to frontier financial (debt was to HSBC originally) and told me they are presently working on a litigation with Rovo and Assoc. unless i agree to pay. I do owe HSBC, however, I read so may bad reports online stating they are scam which leaves me scared and uncertain about keeping my promise to pay them... what should i do? I am struggling fiancially but am willing to make payment arrangements with them to prevent being sued.

You should ask the collection agency to validate the debt. Unles

You should ask the collection agency to validate the debt. Unless they validate the debt, do not pay them anything. If they cannot validate the debt, it will mean that they do not own the debts and you won't be liable for paying them. You can directly contact HSBC and try to settle the debts with them.

lrhall41

Submitted by Anna Sweeting on Mon, 03/07/2011 - 20:04

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Quote:If they cannot validate the debt, it will mean that they

Quote:

If they cannot validate the debt, it will mean that they do not own the debts and you won't be liable for paying them.

Where are you coming up with this information???? Not validating a debt can mean many things...they may or may not have the paperwork. A lot of agencies/creditors choose not to validate thru a CA and go straight to litigation. This is often how Cap One operates.

lrhall41

Submitted by SOAPLADY on Tue, 03/08/2011 - 04:03

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I would suggest that you contact HSBC directly to see if they ha

I would suggest that you contact HSBC directly to see if they have retained your account. If so, you should be able to work out something with them. If it's with a collection agency, they will let you know which one. This happened with me on one of my Bank of America accounts. I then made arrangements with the collection agency - no validation needed since BofA had already given me that info. I knew I owed the debt; I just wanted to be sure I was dealing with an authorized CA for BofA.

HSBC was one of my first settlements. I settled 50% on a 2800 debt.

lrhall41

Submitted by aubrey on Tue, 03/08/2011 - 06:23

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