I am trying to clean my credit report. I am a RJM Acquisitions sufferer. I had them removed from TransUnion, but on Experian they will not budge. While reading Texas codes, I ran across the Texas Finance code, section 392. It requires that debt collectors, as defined by 15 U.S.C. Section 1692a(6), post a $10,000 surety bond with the Secretary of State.
Yesterday, I sent RJM a written notification full of Code citings informing them that there was NO surety bond on file, that I new my rights and requested that they remove the debt from my report. I gave them a deadline of Friday April 6th to notify me that they are legal here or I would notify the State. I also disputed the debt based upon this information with Experian. Today I received the notice from Experian that the debt was to remain. I received the dispute resolution from Experian, I called Experian to find out why RJM was allowed to act without a bond. Basically I was told that the law does not preclude them from listing it as an outstanding debt. But she also said something that scared me...
This is all over a $62 claim starting from a book club. What she said was RJM could file a judgment or resell it over and over again. It is not the resell that scares me. It is the judgment. Would a debt collector spend time and money on a judgment for $62.00 if they do not have the proper bonding??? Has anyone experienced this?
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