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Who are these people

Date: Tue, 03/14/2006 - 15:08

Submitted by Bossy4455
on Tue, 03/14/2006 - 15:08

Posts: 5854 Credits: [Donate]

Total Replies: 10


I statred out with LVNV trying to collec for a bought account from Sears,sent debt validation letter,etc. Last Thurs. talked to someone with Resurgent trying to collect,she was nice,said there would be no problem with payments,blah,blah. Last night got a call from Phillip Cowan(?) Associates. trying to get the whole balance. Explained,lost my job,etc.,that they said payments would be no problem. He said call these loan companies,try to get a loan to pay this off,go to bank,relatives anywhere to borrow money.Said they "might" take payments, but would have to pay 350+ a month, I laughed and said if they could find me that much money a month,Id be in good shape. Are these people with LVNV or did they sell it to them? Thanks for your help


OMG, I have two accounts with Phillips and Cohen. weird, I've never had any trouble with them but I have heard several stories from others that have!!! One of the accounts is with MBNA-Hilco and the other is fingerhut-Midland. They have never threatened me and started right off taking payments. How much are they saying the account is for? one of mine was $1200 and the other was $800. I wrote them a letter offering to make monthly payments at $25 a month on the $800 and $50 on the $1200. They took it but as we started moving along, they tried to increase the $25 to $50 and the $50 to $100. I couldn't at the time so I kept sending what was agreed upon. last month I moved the pay scale up on both and have one down to around $200 now and the other is around $500. These are two accounts that I'm paying off when I get my income tax. Is the debt yours? have you disputed it or asked for validation. If you know the debt is yours and everything is proper on the account, then you need to send them a letter asking for payment arrangements and tell them what you can afford to send, and tell them thats all you can do that anymore will cause finanical hardship to you and your family. hope this has helped. It is what I did and it worked.


lrhall41

Submitted by imkimssister on Tue, 03/14/2006 - 15:24

( Posts: 1301 | Credits: )


Hold on???you started with LVNV and completed all the validation stuff and then you talked to Resurgent Capital Services last Thursday. Now Phillips and Cohen is calling you for the same account? Why are they passing your account so many times?

It seems Resurgent was good with you, right? Did they help you work out some payment plan? How can they reassign the debt to some other within such a short time? Or these are alias of the same business? I think Ari can shed some light here.

It seems you are aware of the process of debt validation; you did it with LVNV earlier. When it comes to dealing with collection agency, ask for debt validation. This is your right and it helps you understand if the agency is legit or not.

You can call Resurgent and inquire if they have sold the debt to Phillips and Cohen or not. Keep us updated.


lrhall41

Submitted by stanley on Tue, 03/14/2006 - 16:25

( Posts: 1639 | Credits: )


Yeah Stan,I wondered the same thing. Only thing I can think of is,We haven't charged or used the Sears account in over 18 years,but,with all the finance charges,and yes,some late charges,we have been payin onthis account FOREVER.I told the Phillps guy,you do realize that what you are trying to collect on is finance charges,no purchases in years,but like a fool we have been paying Sears.He just kept saying there must be some way to pay in full,get loan etc. any info would be appreciated. Thanks all


lrhall41

Submitted by Bossy4455 on Tue, 03/14/2006 - 16:36

( Posts: 5854 | Credits: )


Contact Sears first and ask for explanation. You must know what are the charges you have been paying for such a long day and why the account is not paid in full yet. You should have been more careful earlier, anyway better late than never. If Sears redirect it to the collection agency, ask for validation and do not pay until they can show you the details. Keep informing us???


lrhall41

Submitted by curlycarl on Tue, 03/14/2006 - 18:15

( Posts: 616 | Credits: )


you're right,Carl, I should have been more carefull in the past. I will try to call Sears,but since they sold it,don't think i will get much from them. Will ask thCA what you suggested.Also, I think later,after I get more info,i am going to do what shirley suggested,write them a letter to set up payments,this will be done only after i get the info. though.Thanks for all your help


lrhall41

Submitted by Bossy4455 on Tue, 03/14/2006 - 21:21

( Posts: 5854 | Credits: )


We had an account with Sears that we paid off when we refinanced our house to a lower interest rate. I called Sears and they gave me a payoff amount, which I gave to the loan company. About a year later we started getting contacted by companies that had bought the balance on our Sears account. There were 3 different companies in total. I faxed each a copy of the payoff letter we had received from Sears and a copy of the check the abstract company had sent them. We called Sears each time to ask what was going on and each time they said our account was paid off, so where did the other companies get the information?


lrhall41

Submitted by Kathryn on Wed, 03/15/2006 - 11:06

( Posts: 96 | Credits: )