FFG & amp; Associates - Are consumers grieving against the CA?

Wow, you're very passionate about this. Is it silly for me to want to pay this debt though (through settlement at ~20%). I do feel obligated to make things right. However, I rung my original creditor (xxxx Bank) who forwarded me to one CA, who told me they sold my debt to blah lbah, who then took me to FFG. I confirmed that my debt is with FFG in that manner. Is that enough? or should I send them a DV letter. Also, people said FFG is in Nevada. The address she gave me is in NY.

Thank you so much me7715. Guess there's a reason why she said, "if you want to pay for it it needs to be done within 24 hours," before I send the blah blah blah something about taking me to court. She also wanted me to put this debt onto a family member's line of credit so I can then start paying for it monthly again. I said no, I'm going to use my money settle my other accounts. I hope I didn't say anything stupid but again, thanks for the help. If you don't mind, please keep in touch. I'm a young adult and just trying to make things right with my life.

From what I'm gathering, FFG comes from several places apparently and has several aliases.

"Contact FTC, Texas Attorney General, Nevada Division of Financial Institutions, and FBI to report. You might also contact the California Department of Corporations to see if they are getting any similar complaints, since they stopped a similar scheme from operating into California a couple years ago.

Do not just file an on-line complaint, call them directly as well. Be sure to make clear that there are many similar complaints against CMG Group, and that they have been running this scam for years."

That's what someone posted in response to my last post on both this site and another.

My intention now is to send a Cease and Desist letter.

Oh, and as far as serving me papers, it's a joke. The first person I talked to over the phone couldn't even verify my apartment number. They could only verify the complex. Real sketchy to me..

-JW

Helloall, no its not silly at all to want to pay a debt. You just should know a few things if you do. Is this account on your credit report? If not, making any kind of payments will restart the clock and it more than likely be put back on your credit report for another 7.6 years which will bring down your credit score. Also, settling for less than owed can come back at you later to bite you again, 99% of JDB's(junk debt buyers) will sell off the remaining balance to another JDB and it starts all over again. If you choose to pay it make sure they are legal in your state to begin with and they legally own the account and BEFORE making ANY payments have something in writing from them stating that this account will be "Settled in Full" with such and such payments. They will claim that they cant send it until after you pay, and thats another red flag, if they cant send the stipulation in writing before then odds are you will hear from another JDB down the road and really get scammed then. Them saying it "needs to be paid in 24 hours" says ALOT about them. That they either do not own the account and they are scammers and are phishing for money. Its always good to pay debts, just not to scammers and companies that will lie, cheat and steal your money. Always send a DV letter to anyone that claims you owe money. Its just to make sure your not being scammed and they are legal, and there are ALOT of companies out there with this economy that are just ripping people off left and right. Anyone who starts off with threats of court is usually a bottom feeder that has no leg to stand on legally. Also, if the account has been passed around that many times odds are they do not have the documentation to legally collect. Anymore questions just ask

"Is this account on your credit report?"

On 9/30/10, "Wells Fargo Card Company" reported to TransUnion with a "charged off as bad debt' status. They've actually reported this the end of every month for the previous few months before that. I see nothing from any of the companies that were associated with my debt. In this instance, i see nothing on my credit report from "Frontier Financial Services."

If you choose to pay it make sure they are legal in your state to begin with and they legally own the account and BEFORE making ANY payments have something in writing from them stating that this account will be "Settled in Full" with such and such payments.

How would I check if they are legally able to collect money from me in Texas? In regards to checking if they legally own my account, is that the DV letter you're referring to? What is the best way to ask them for their address so I can certify mail them my letter? What if they ask me for my telephone number (I called her after she left her number with my brother. I don't live there anymore but I want them to stop calling my family and worrying them with a 'lawsuit') and my address?

Them saying it "needs to be paid in 24 hours" says ALOT about them. That they either do not own the account and they are scammers and are phishing for money. Its always good to pay debts, just not to scammers and companies that will lie, cheat and steal your money.

I have started with the original creditor, a national bank, and then traced it to Frontier Financial Group. However, that's not to say if she's really a representative of FFG. I'm guessing I should send her that DV letter immediately huh? Again, what's the best way to tell her I'm going to send her this letter. Having spoke with her, I have a feeling she's going to tell me that she's "not a debt collector and that protocol won't work."

Also, if the account has been passed around that many times odds are they do not have the documentation to legally collect. Anymore questions just ask .

The reason why I wanted to pay it off is because mentally and emotionally I can't stand the idea that I owe these people and just want to get rid of them. It sounds like you're telling me though that my debt may have been forgotten and there are companies out there that will try to scam me (junk debt buyers)? In this case, how many years will I have to wait before this debt can no longer legally hurt me? And what can I do to start working on my credit score? It's currently a 527 (ugh, just 2 years ago, it was above 650). Again, thank you for your help. I promise I'll return the favor somehow.

Actually, nothing can put this back on your credit report after the 7.5 reporting peiod has expired.

"Actually, nothing can put this back on your credit report after the 7.5 reporting peiod has expired."

Is that also what Statute of Limitations mean? They only have a certain amount of time to collect from me? After that time period is over, am I free of that debt? I'm so sorry, you guys, for all these questions.

Helloall,

If you are a resident of Texas, go to the SOS office website to see if they have posted the $10k surety bond they must have in order to legally collect in TX:

"If you are a resident of Texas, go to the SOS office website to see if they have posted the $10k surety bond they must have in order to legally collect in TX."

http://www.sos.state.tx.us/

http:// direct.sos.state.tx.us/debtcollectors/DCSearch.asp

Hm... I looked up Redline Recovery and they are active. They were the group that has been sending me settlement papers and whom "Another Bank" has passed my account to. Thanks for the useful tip! Looks like FFG is NOT legally able to collect in TX. If anyone can verify my statement, I would greatly appreciate it.

- Ha