Share post
Debt Consolidation Forums Collection agencies and creditors forums

Texas Code, RJM and I think I messed up...

member profile picture
Posts: 16
Credits: 0
[Donate]

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?

Thanks in advance...




This is the letter I sent them. There may be some errors. I am posting it here because it may be useful, with some editing, for folks in Texas that are being hounded by a collector that has no surety bond.

Sub: #11 posted on Sat, 03/31/2007 - 12:39

atxmbb atxmbb

(Posts: 16 | Credits: )

I would also report them to the Texas AG. They might not be bonded, but they are practicing collections in Texas. On the demand letter I saw, it had a fax number with area code 512 (in Texas). I don't know where the 800 number rings. It was also on an RJM letterhead.

Sub: #12 posted on Mon, 04/02/2007 - 19:24

Unregistered


atxmbb: I think you should seak some legal counsel before you send them the money. The Texas statutory recovery is no less than $100 for this violation. However, you may have some excellent leverage if you find a lawyer to look into this as a class action.

If you are interested, send me a private message and I can refer you to someone who does this type of work. The will give you a free consultation.

And Law Student: You know far too much for a law student. My school didn't even teach me this area of the law. Neither did the bar review courses. I am interested in your background. If you want to work on a future referal relationship, send me a private message.

Sub: #13 posted on Tue, 04/03/2007 - 20:39

texaslawyer texaslawyer

(Posts: 258 | Credits: )

Thank you very much texaslawyer. The school I attend encourages students to seek a specialization from the beginning, and I have always been interested in consumer law. I have done a great deal of outside research apart from my school. I have a little way to go to sit for the California Bar Exam, which I hear not many pass on the first go round. But I am confident. I subscribe to the findlaw website to get the latest state summaries (for free) and bankruptcy courts, etc. as well. Thanks again, I take that as a great compliment.
Law Student
San Francisco, California

Sub: #14 posted on Tue, 04/03/2007 - 22:02

Unregistered


Law Student: You will find more than enough work in the consumer law area. There are also many opportunities to provide unpaid help to those in need. If you balance it right, you can earn a living and make a big difference in other peoples' lives on a daily basis. Check out the National Consumer Law Center to find more resources for consumer law.

Sub: #15 posted on Wed, 04/04/2007 - 19:16

texaslawyer texaslawyer

(Posts: 258 | Credits: )

Hi Law Student

We all are benefiting from your immense knowledge. I on behalf of the whole community will like you to join the board and put your valuable suggestions. You can simply do a community sign up with your email address, if it's not a problem for you. I hope you have found this board interactive.

Regards
Mike

Sub: #16 posted on Wed, 04/04/2007 - 19:29

Mike Mike

(Posts: 1317 | Credits: )

texaslawyer: Thanks. That's just what I always wanted to do. There aren't enough consumer attorneys and advocates out there I believe. I have always been outraged by so many rip offs at peoples' expense. And you are very right, so many people say, "I can't afford an attorney" but they need help.

Mike: Thanks, I will join.

Sub: #17 posted on Wed, 04/04/2007 - 19:57

Unregistered


Thanks Law Student for joining the board. :)

Regards
Mike

Sub: #18 posted on Thu, 04/05/2007 - 15:51

Mike Mike

(Posts: 1317 | Credits: )

I need to find the phone number for Island National Group.

Sub: #19 posted on Thu, 04/12/2007 - 07:20

Unregistered


Here is the contact info of Island National Group

ISLAND NATIONAL GROUP, LLC
6851 Jericho Turnpike Suite 180
Syosset, NY 11791
(516) 682-4300

Sub: #20 posted on Fri, 04/13/2007 - 10:50

atxmbb atxmbb

(Posts: 16 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


Page loaded in 0.895 seconds.