Collection Account changing Companies
Date: Wed, 02/10/2010 - 09:54
They took his offer. They've been debiting from his account for about 4 months now.
The other day he gets a letter in the mail stating this new company has taken over his account for American Express. So it seems the first place sold his debt to this new company.
Should he DV this new company? What steps should he take? He's tried calling them and leaving them messages but they don't return his phone calls.
i would send a debt validation to the new company. it is not po
i would send a debt validation to the new company. it is not positive that they sold off the debt, sometimes companies claim they owe the debt and do not actually.
did the first company ever validate the debt? i am asking because one time i settled with a company because i was scared of being sued. than i received a letter from another company demanding payment. after doing research, i found that the first company never owned the debt and i paid them for nothing.
I don't think he did have the company validate. However, I belie
I don't think he did have the company validate. However, I believe their name was on the paperwork he was served with - which is why he began to pay them for the debt. He ended up settling with them.
A month or so ago he got a letter from this new company claiming they were now collecting on that debt. So I told him to DV the new company and call the old company for confirmation - because he never received a letter from them that they were relinquishing the account at all. And they had been collecting on it for at least 4 months.
They probably sold it off because they made their money back on
They probably sold it off because they made their money back on what they paid for it plus what it cost to file a lawsuit.....they then sell it and make a little more so they are now in the plus for profit...most firms don't want to deal with small payments, the next one might be better or they could be worse....
DEFFFFF DV them!!!!