Is this a new CA practice?
Date: Tue, 09/16/2008 - 06:18
Thing is, this one claims I still owe on a Citibank card (BP/Amoco) that I settled with ANOTHER CA one year ago!
Actually, there's still more to that story. When I settled with the original CA a year ago, I got a call a few months later from another CA about the same account that was just settled. I fax them my confirmation that it was settled, that was the end of that. A few months later a DIFFERENT CA called for the same thing! So I send in the confirmation of settlement from the original CA and that was that.
Yesterday, yet ANOTHER CA calls me about the same friggin account! And of course they're threatening me with attorney, litigation, lien, blah blah blah. So I got their fax# and once again I'm sending in the very same confirmation I got from the original CA about this very same account that was settled nearly one year ago.
How long does this stuff go on???
I mean it's actually a lot of fun outsmarting these people and proving them wrong, but it is starting to get old.
Do they just realize they're a bunch of Eff-ups and close it out and then sell it to another company so it keeps on going around in circles?
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when you settled your letter did state that the CA wouldn't sell the remaining balance.i got that from my CA'S when i paid my cc debts.if you didn't it could go on for awhile.yes CA'S,even those that act reasonable can turn around and sell the remaining balance of a settled debt.take some enjoyment in the fact that some stupid CA'S are taking a small bath with this.
Paul, I'm not sure I follow. There are several run-on sentences
Paul, I'm not sure I follow. There are several run-on sentences and mis-uses that after a few times I still can't understand what you're saying! :)
From what I did get, it should say on the letter that they will not be selling the remaining amount? Well, it doesn't say that anywhere. It says (in short) "this account has been settled for x amount and you have no further obligation."
To me that would say to anyone that this account is closed and they've moved on with their lives.
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wasn't there the day they taught grammar.anyway,i got my letter it stated the same thing.i demanded and got a different
letter stating.while my obligation was met and i owed nothing more,they also wouldn't sell the remaining balance.for you see
alot of CA'S and credit cards can and will sell the remaining balance of a settled debt.unless you get it in writing otherwise.
that's just the way it is.
While having a CA add to a letter that the remaining balance wil
While having a CA add to a letter that the remaining balance will not be sold adds some extra security it really is not necessary. A letter stating that the balance is settled in full serves the same purpose. I can't think of a good strategy to stop the insanity though. You might consider calling the agency you settled with and figure out for sure if they sold it. If they did I would be all over them to remedy it because they should know better. Some options if they won't comply is to fax your request to them multiple times in all black with small white lettering. You could also call them a bunch just like they would do to you. Also, do not forget to email your request multiple times a day.
Thanks, D & S. Thing is, the original collection agency was a
Thanks, D & S.
Thing is, the original collection agency was a year ago and it's gone through at least two since then. I'm sure if I call the original one (which happens to be just 20 miles from my house here in suburban Denver) then they'll only have the one they sold it to, and then I call them and then they give the one they sold it to and so on. May not be worth it. I'll just have to be more aggressive with this one if they continue to call even though I faxed in the proof from one year ago and 3 CA's ago.
Another option is you could offer to buy it from the current CA
Another option is you could offer to buy it from the current CA for whatever they paid for it assuming it is a really really small amount. I am thinking under $20 here. Basically you would be paying them to insure they don't sell it. In that case you would have to get a letter specifically like what Paul said. Better yet you could write up a letter for them to sign that included penalties if this debt is sold and you are contacted again. I don't know if it would be collectable but it might be worth a try.