Cease and Desist letter
Date: Sun, 05/01/2011 - 15:08
Somebody messed up at your guarantors office, the creditor as yo
Somebody messed up at your guarantors office, the creditor as you called them. When you default, the ENTIRE balance is in default...there are NO regular monthly payments. When an account is assigned to a CA, the creditor is NOT permitted to interfere or set up payment plans ....under the contract that the creditor signs with collection agency this is a big NO NO. Your payment is being sent to the CA as a "pay direct" so they know payments are being made. Under the terms of your prom note, your balance is still due in full...you cease and desist the CA, the account will most likely be sent to a law firm to be sued upon.