MCM has popped up

You can get to know about the tactics used by the MCM collection agency from the following url:

http://www.debtconsolidationcare.com/collection-agencies/mcm-company.html

Did MCM purchase the debt? Your answer will make a difference as to what can be expected. Thanks!

Marie, come on.....

The guy just got done saying he does not talk to collectors, and does not identify himself when they call, so you should know better than to even ask this question. If they call, and he does not identify himself, they cannot discuss the account with him, and therefore there is no way he would know anything about who owns the account. At this point he shouldnt even know what account they are calling for because they are prohibited by law from even identifying the account until they can verify that they are talking to the right person.

They just called again. "Bob" obviosly from India. I told him to do something anatomically difficult and hung up.
I can gaurentee they have purchased the debt. Any debt i have is old and much has been charged off.
Once again, i am wondering if they are likely to do an asset search. Any answer can be safely predicated on their having bought the debt. No original holders of my debt would have given out for collection now. That is all long over.

MCM is pursuing an old debt. They have bought the debt. Can a court seize my car? I have two old cars with so little value seizing them and auctioning them would leave no value. My concern is i may be getting a newer used car. Can they get a judgement and seize it/

They would go for wages and bank accounts first. Maybe instead of buying the car, you might wanna resolve the account first. Having your bank account levy can put a real damper on making rent and car payments. And eating....

in order to seize assets, garnish wages etc they need a judgment. how old is the debt? when was the last payment made?

What state are you in and how old is the chase account? DOLA?

I am in Pennsylvania. The debt was all initiated in NY.
According to my Trans Union report:
CHASE BANK USA NA #


PO BOX 15298
WILMINGTON , DE 19850
(800) 955-9900



Balance:
$0
Date Updated:
10/2008
High Balance:
$6,502
Credit Limit:
$5,000
Past Due:
$0
Pay Status:
>Charged Off as Bad Debt<
Account Type:
Revolving Account
Responsibility:
Individual Account
Date Opened:
11/1994
Date Closed:
03/2007
Date Paid:
07/2006
Loan Type: Credit Card
Remark:
Purchased by another lender
removal 6/2013

Estimated date that this item will be removed: 06/2013

Chase charged it off in 2007. They sold it to another lender. last paid it seems in 2006, but i doubt thta. SOL in PA where i live is 4 yeras. In NY where I opened account it is 6 years. which is in effect?
" CHASE BANK USA NA #


PO BOX 15298
WILMINGTON , DE 19850
(800) 955-9900



Balance:
$0
Date Updated:
10/2008
High Balance:
$6,502
Credit Limit:
$5,000
Past Due:
$0
Pay Status:
>Charged Off as Bad Debt<
Account Type:
Revolving Account
Responsibility:
Individual Account
Date Opened:
11/1994
Date Closed:
03/2007
Date Paid:
07/2006
Loan Type: Credit Card
Remark:
Purchased by another lender


Estimated date that this item will be removed: 06/2013

The date of removal seems to be based on nNY law. Is that what I am dealingb with since i now live in PA?

Why haven't you sent a debt validation request? I understand that your decision to ignore your debt may have worked in the past, but if MCM isn't going away, your best bet is to request validation of this debt. This will require MCM to produce documents that do indeed validate the debt, and until they are able to do this, they are prohibited from continuing their collection efforts. If the debt is really that old, there's a possibility that they will not be able to produce what is required to validate the debt. If, however, they do validate it, you'll have to take the steps necessary to resolve this account.

You live in PA...that is where they would have to sue you. So the debt is out of SOL. Send them a FOAD letter....basically tell them to go F***K off that the debt is out of SOL and is time barred. Tell them not to contact you or any of your family/friends by any method ever again.

What is an FOAD letter?
I have not validated the debt for two reasons.
1. I don't know what they are pursuingvsince i don't talk to them. That tactic has worked with all debt collectors as of today.
2. If this is the Chase account, no way can I pay the money involved. WAY more than i can afford. i get by on a tiny income.
I am interested in hearing more about using time barred methods to get rid of them.

FOAD = F**K off and die!

Dear Debt collector...

The alleged debt you are collecting is out of the PA SOL and therefore is TIME BARRED. Get lost and eat dirt. Never contact me or any of my friends/family by any method ever again.

Next time they call, tomorrow most likely, I will ask who they want to contact. After saying "he is not here" i will ask them to send a letter with details and i may be able to get it forwarded to their boy. If they do that, i will know what account they are after. THEN a FOAD letter might be real good.

one problem with your plan is that they are not allowed to discuss the debt with you because you do not identify yourself as the person they are callnig for. What you really should do is stop playing the game with them. Identify yourself if they ask for you. You will never be rid of them unless you properly handle this. For all you know, someone stole your identity and they could be trying to collect on a fraudulent account--and you NEED to know if thats the case before they get a default judgment on you.

Your plan does not work. It will only make some debt collectors give up on calling. But they sell the debt to the next one in line. So you will be getting calls forever like that. Meanwhile, you could address the problem head-on and be done with it once and for all. When they call, talk to them, identify yourself,let them tell you why they are calling. Then you say to them, "Thank you for the call, you now have five days to provide disclosure of rights in the mail, as required by federal law. Have a nice day"....then HANG UP. Do NOT engage in discussion on the phone. By law they have to send you that notice within 5 days of initial contact. So, do that, then get off the phone, then wait for the notice in the mail. And you want that notice too--you want it in writing from them what account they are trying to collect on.

In this economy, debt collectors are getting more and more aggressive. The first-tier collectors--the ones that get the accounts soon after charge-off--will not make a ton of effort usually. They will work the ones they can contact and sell the hard ones off to the next CA in line. You need to simply talk to them like I said. This is the best way to handle things-you dont even know why they are calling. Find out. Then deal with it the RIGHT way.

First i will tell them to send a letter to the guy they are pursuing.
I have gotten rid of serious collection efforts for YEARS in the past by not dealing with them. I just don't want to take the chance of getting successfully sued for money I don't have.
The chances of someone stealing the identity of someone with no credit or money is very unlikely. They are calling about some old debt they have bought.

Getting calls forever is no big deal. Eventually when all my debt is way out of date, I will dispute it.

well, look ,its your choice, but you came here looking for advice. And I am giving you advice. You will not protect yourself from being sued with your course of action. I happen to know a lot about this, and a lot about MCM. One of the tricks that these CAs use today is to sue you in the wrong county--and have you served at the wrong address on purpose. That way, they get a default judgment. it is easier to avoid a judgment ahead of time with the proper attention than it is to get one vacated.

Ignoring them will not make them stop. It will also not prevent them from suing you. If they really are going after that big debt, then they are far more likely to sue because of the size of the debt. Many people do not even know that they were sued like this until they try to take money from their bank account one day and they find that all their money was taken. And then, it is a big battle to get your money back, and to get the court to order MCM to cease, and then to get the judgment vacated....when all you need to do now is man up, answer the phone and admit that you are you. This is really much simpler than you are making it out to be.

You think youre sticking it to them or something? This isnt how you stick it to them. You deal with them. You catch them breaking the law. Then you sue them and make THEM pay YOU for their actions. THATS sticking it to them. And with MCM, you will have plenty of chances to catch them breaking laws....they are good at it.

I admit i am me
I hear what they want
I tell them they have 5 days to reply with my rights according to federal law.
If they reply, i send them a letter saying the debt is outside PA SOL and can not be legally collected.
Correct?
Do they have to provide me with the original holder of the debt? At what point do they have to tell me that?
I may get a new copy of my credit reports before doing this.

PO BOX 15298
WILMINGTON , DE 19850
(800) 955-9900



Balance:
$0
Date Updated:
10/2008
High Balance:
$6,502
Credit Limit:
$5,000
Past Due:
$0
Pay Status:
>Charged Off as Bad Debt<
Account Type:
Revolving Account
Responsibility:
Individual Account
Date Opened:
11/1994
Date Closed:
03/2007
Date Paid:
07/2006
Loan Type: Credit Card
Remark:
Purchased by another lender


Estimated date that this item will be removed:



06/2013



What date do i use to figure when this account is out of SOL?
Updated 2008? What is that?
Do I use 2007 when it was closed?
If I have to use 2008, i can't use an SOL defense until October 2012.

first, if they do not tell you on the phone who the original creditor is, then wait to see what the letter says. If the letter does not identify the original creditor, then in your DV request letter you will ask for it. Once they find out they are talking to you on the phone, they will probably tell you then.

As for the SOL, that starts when the account first became delinquent. So the date of last payment is the closest date to that....as long as their reporting is accurate, that is. This is why I always recommend that people try to find this information from their bank records, etc etc, whenever possible, because CAs and even creditors are wrong in their reporting a lot more than people realize. But if you use the credit report entry that you posted here, then I would say that your SOL clock started in 8/06--that is when your account first went past due according to this. So if you have a 4 year SOL, this would already be past that. Make sure you keep a printed copy of that for your records--CAs like MCM are notorious for lying about those dates and if they do this to try to sneak a lawsuit past thr law, you can present this to the court to show when last payment actually was according to the OC.