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Collection Agencies

Date: Sun, 02/26/2006 - 10:25

Submitted by anonymous
on Sun, 02/26/2006 - 10:25

Posts: 202330 Credits: [Donate]

Total Replies: 3


Back in 1996 I was divorced,there was a Visa Card that my ex forged my name and was deemed a Fraudulant account by First USA. ($6K). I lost a letter that First USA sent me back in '96 excluding me from any responsibility due to fraud, I fought a collection agency back in 99 and won now I just received another collection agency notice. A. Do I have to respond to them. B.SOL in Ma is 6 years, should I send them a letter to cease communication and threaten law suit if they affect me credit rating?


Hi eraricj!!! Welcome to the forum!! I see that you've registered! welcome aboard! Pull up a chair and hang out with us, I'm sure you will like it here :D I am going to try to tackle your questions for you.

Quote:

Do I have to respond to them.

Yes, for your own best interest, you should. Its always better to face them head on, off the top, rather than ignore them. Even when you know you're in the right and have your ducks lined up, its still better to respond to them. It might save you problems in the long run.

Quote:
SOL in Ma is 6 years, should I send them a letter to cease communication and threaten law suit if they affect me credit rating?


Yes, send a letter explaining to them about the account being deemed as a fraudulant account in 1996. Explain the situation to them at your best. Then add in a cease and desist into the letter if you want them to cease contacting you. Cease and desist will stop all phone calls and letters. After that, they can only contact you to let you know that they plan to sue you.

Hope I have helped. If you have any more questions, just ask away. :D Shirley


lrhall41

Submitted by imkimssister on Sun, 02/26/2006 - 12:21

( Posts: 1301 | Credits: )


Collector: N.E. MISSISSIPPI RECOVERY,
Account Number:
Date Opened: 09/2002
Balance Date: 12/2005
Balance Amount: $190
Date of Status: 12/2005
Status: Open
I know the original creditor for this account. Would like to know the appropriate way of handling this situation to get the debt removed with the credit agency after paying of the debt with the OC. I have two accounts likes this and they are my only collections left after removals.


lrhall41

Submitted by quindrickf on Mon, 02/27/2006 - 20:21

( Posts: 13 | Credits: )


Hi quindrickf

Like I said in my other post, you can't get a paid collection account removed from the file before the seven years period. If the CA has been hired by the creditor, you can make payments to him instead of dealing with the CA. The OC will inform the CA that they are receiving the payments from the debtor. Now, since this account actually occurred in the collection status, it will still appear in your file. But, it will be marked as 'paid collection' after it's paid. These laws have been set in the FCRA. Improve your credit status by paying off the account and there will be some rise in your scores also.


lrhall41

Submitted by curlycarl on Tue, 02/28/2006 - 09:30

( Posts: 616 | Credits: )