Pinnacle Financial Keeps Bugging Me
Date: Tue, 06/05/2007 - 13:07
My question is this: do I have to have a letter from the original creditor stating a zero balance or will the one from my debt consolidation company be enough? I know they can't sue me over this because the statue of limitations has run its' course in my state. I just want these obnoxious people to quit calling me about this.
I almost forgot: they haven't sent me anything in the mail about this since January of 2005.
You need to get the debt validated by Pinnacle to make sure that
You need to get the debt validated by Pinnacle to make sure that they are doing genuine collections on your account. Write a debt validation from your side and send it through certified mail with return receipt requested. Wait for their response.
I do not believe that they are telling you the truth here. For
I do not believe that they are telling you the truth here. For example, the debt could have been sold, in which case the original creditor no longer has anything to do with it. The letter saying "paid in full" should be plenty of proof, as long as you paid that money to a CA that had the legal assignment or right to collect this debt. I agree with trophy--send out the DV letter, certified mail RRR. it really doesnt matter what they say about the letter you have if they cannot validate it properly. You could still owe a ton of money--if they cannot validate, they cannot legally take action against you to collect it.
paid off
this is exactaly why you dont use a debt consolidation company. One they dont take intrest into account on your balance and two they rarely pay the bif.Ussualy only 75 percent of the debt. They take the other 25 perc for their fee if the collection company will not pay it to them. Which most collection agencies wont. I would be concerned about all the accounts you sent to them. CCS's are theifs in my book.
I had a similar incident with Pinnacle. I paid an old debt and t
I had a similar incident with Pinnacle. I paid an old debt and the agency stated they would allow me to pay only the original debt amount and not their fees which saved me about $150. A year later Pinnacle started to call me about the $150. I sent them a cease and desist and provided documentation from the company I had paid to and never heard from them again. Nothing has ever appeared on my credit report either.
