confused

Welcome arce123,

Contact Central Credit again. Ask them why they want the payments only from you. Another thing, are both of you sure that the account is with Central Credit right now?

The reason he gave me was cause I have a credit card and my cousin doesn't and my credit is better than his. In the letter it says current creditor: Toyota motor credit corp.
Orig. creditor: n/a
It also says that the account has been sent to for collection, that Toyota Motor corp, has authorized Central Credit Services to negotiate a reasonable offer of settlement. This authority grants us the right to accept settlements that will significantly reduce the amount needed to satisfy your account.Regardless of the amount that is agreed to as full settlement.

central credit is a complete JDB bottomfeeder.i need to ask some questions here.

1)8 to 9 yrs ago?can you or your cousin recall the last payment on the car?
2)when was the car repo'd?sorry,but that is the only scenario i see here.if it wasn't repo'd my last question is.
3)why are you even thinking about paying ccs?

you see nobody on a secured loan on a tangible assett will attempt this without repossessing the vehicle,selling it at auction,and then collecting the difference.please do not talk to them again until you can answer those questions.

The last time he made a payment on the car was 6yrs ago and he was behind in paying it and that is around the same time they repo the car.Then almost a year after that he was told that the car was sold. The reason that he wanted to pay is that he has a family now and wants to clear up his bad credit for maybe someday get a nice place to live with his family. But he also told central credit that there is no way in hell that he will be using my credit card to pay for this. And they got mad at him and started to raise his voice at my cousin, and my cousin told him that the debt is his and he is willing to pay but in monthly installments and that is the only way he would do it. The guy got rude againand told my cousin that the only methods of paying are cash or my credit card.

p.s. he also told me that 3yrs ago he got contacted by another collection agency and told he needed to pay $6000 for the car he said ok. Then they asked him will it be cash or check

as central cerdit bought this it seems did you get a letter from them?if so send a DV(debt validation)letter asap.btw what state are you in?this still might be past SOL.last thing the reason theu want your cc is to abuse it.do not do it and send the letter.ther is a good one in SOAPLADY'S signature.use that one.

I received a letter from central credit services on monday november 14, 2011. We got the car at a dealership in new hamshire where he was living and working at the time.

send the DV letter to that address.send it certified mail return receipt.one question about the money paid to the other CA.does your cousin have record of that as in a receipt?just asking.

He wasn't able to come up with that amount of money so he never paid it.

i agree with paul ... this could be out of reach to the collector due to statue of limitation which varies state by state....
if he or you got a letter on this debt, i would send them a debt validation letter via registered mail with return receipt.. if you have not received a letter from them, if they call you, tell them to send something in writing showing this debt. then you have something to use when sending the dv letter...
i recently had someone from a collection office call me about a debt they are collecting, which is only $97, and had not gotten anything from them or the oc in months by mail... they would call and hound me using local phone numbers that had actually been disconnected. after several times, i told the person, you send me something in writing in regards to this debt. they still have not done so, and they have stopped calling me.
that is just an example of how to either get something in writing in regards to the debt, and if they cant provide it, the calls should stop.

First, Paul, this account was not bought by this CA. They have reported to the OP that they are collecting the debt, but that Toyota has authorized them to settle. This means that Toyota still owns the debt.

Next, to generallee, it may have worked for you, but it is bad advice to tell people to instruct a CA over the phone to "send something in writing or stop calling". The FDCPA specifically states that a consumer's request for validation of a debt must be in writing, not over the phone. Not to mention, while it may not apply too much in your specific $95 debt case, telling what you said to a debt collector over a larger debt may well be a good way to get yourself sued.

if you are going to take an issue with a debt collector, you are better off doing it from a point of knowledge instead of a point of anger. When a CA calls and violates the law, what you should be doing is either taking notes or, if it is legal in your state, recording the phone call. You will not get anywhere trying to spar with them on the phone--they are often trained to play the telephone game better than you are. Generallee, a good example of this is in your case, where the numbers on your caller ID showed up local. This is called "caller ID spoofing" and it is illegal according to both the FCC and the Fair Debt Collection Practices Act. The guy on the phone said "we have no control over the caller ID, that is an issue with the phone company". This is a flat-out lie. And they know what excuses to throw at you on the phone. This is why you should not engage in the game on the phone--at least until you know what you are doing and you know you hold all the cards, and even then I wouldnt do it unless I could prove what happened on that phone call.

To the OP, you stated that the car was purchased in NH. What state do you live in now? And what about your brother? Where you live now determines the SOL, not where the debt was originated. Please let us know what state you live in so we can determine the SOL period for you.

Another thing I would do is have your brother contact Toyota himself, but I would definitely not do this until after the SOL period is determined. At that point, if the debt is still within SOL, he should contact Toyota and speak to them about the debt. He should inform them that he has spoken to their debt collector, and the debt collector is not interested in dealing with him, even when he tells them he is willing to pay. He should ask them if he can deal directly with TMT instead of this debt collector. They may not allow it because they could be under contract, but it is worth a shot.

But again, first things first, lets find out if the debt is still within statute or not.

My cousin and I are living in massachussetts at this time.

ok, SOL in MA is 6 years on written contracts, which is what an auto loan is. That would mean this debt is outside the SOL. That doesnt mean they cannot try to collect on it, but it DOES mean that a lawsuit is not legally allowed.

So what should we do when it's past the sol?