Nationwide Credit

Hi scooter! This is only my opinion. I was once in a similar situation. A bank usually does use an outside agency to collect on their behalf. A C&D letter would only stop all collection calls, letters, etc. until they decide to sue you for the balance, then at that time, if it happens, you'll be notified. If you could call the bank directly and talk to someone there, they will be willing to talk. Right now they think they arent going to get any money from you. They had to get a third party. If you are indeed willing to pay, call them directly. To outside agencies, you are just a paper on their desk, thats why they talk fast, and they could care less. Hope I helped a little bit.

I think I going to write and offer a payment plan directly to the bank which was my original intent before my financial fiasco started. I do plan also to send a DV letter to Nationwide. Does anyone have a copy they could share? I've looked all over this forum for one. I read on the internet that back in the 90s Nationwide got fined big time by the FTC for violating the fdcpa. Thanks for letting me vent. These things just upset me.

Insert your info and send this DV letter to the collection agency. They must prove their authorization to collect the debt before you send them money.

[quote]YOUR NAME
YOUR ADDRESS
CITY, STATE, ZIP CODE

Re: Acct #

Collections Manager:

This letter is regarding the account referenced above, which you claim I owe. This is a notice that your claim is disputed. I am requesting validation, made pursuant to the Fair Debt Collection Practices Act Section 809 [15 USC 1692g]. Please note that I am requesting "validation"; that is competent evidence bearing my signature, showing that I have some contractual obligation to pay you.

Please also be aware that any negative mark found on my credit reports from your company or any company that you represent for a debt that I don't owe is a violation of the Fair Credit Reporting Act; therefore if you cannot validate the debt, you must request that all credit reporting agencies delete the entry.

Pending the outcome of my investigation of any evidence that you submit, you are instructed to take no action that could be detrimental to any of my credit reports.
If you do not own this debt, you must remove the derogatory marks from my credit report per the Fair Credit Reporting Act.

This letter is also a formal request, citing Section 805 [15 USC 1692c] of the Fair Debt Collection Practices Act, to cease any further communication with me unless it is:
(1) to advise that your collection efforts have been terminated;
(2) to notify me of any specified remedies
(3) to notify me that you have invoked a specified remedy

Please note that any failure on your behalf to comply with the laws of the Fair Credit Reporting Act and the Fair Debt Collection Practices Act will result in legal action.

Best Regards,

Your name

Cc: (insert a lawyer's name, Esquire)
[/quote]

Call the bank and work out payment arrangements. If they accept your payments, they will pull the file from the CA that was hired for collections.