Studly
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Bdancer is getting confused about the FDCA statement. That letter is only to notify you of their intent to collect the debt, and is not really any type of statement.
OK, that said....this collection agency is really trying to pull one over on you.
If you give them direct access to your bank accounts, what is to stop them from taking out the entire amount? And the correct amount? I can't tell you how many times I have seen them take out way too much (claiming interest/late fees/collection fees)...and it's now up to you to collect from THEM or take them to court.
And remember that these guys share their info with other agents. Every collection agent after you will now know where you bank.
They are within their right to not send you a statement, but it's only because they are being jerks.
So what do you do now?
Start by demanding they validate the debt. You want them to show proof that what they claim you owe is accurate, and not loaded with illegal fees.
Then you can negotiate some sort of payment plan. Once you decide on the amount, send them money orders. KEEP ACCURATE RECORDS AND RECEIPTS!!!!
If they refuse to accept it...let them sue you. Most judges would be very entertained to hear their reason for refusing your payments. |
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halfwaytoeverywhere
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NO NO NO NO NO NO NO!!!!!!!!!!!!!! |
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bdancer222
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Absolutely NEVER give a collection agency direct access to your bank account and don't give them your credit card number either.
In accordance with the FCRA, the collection agency MUST send you a written statement within 30 days of initial contact. These folks claiming they don't send out bills, means they are not following the rules.
Stop talking to them on the phone. Send them a certified, return receipt letter (google their name to get the address) requesting validation of the debt to include copies of contracts or other documentation that proves the debt is yours. Give them 30 days.
If the validate and it is your debt, send them a letter offering settlement. If the debt is more than 3 years old, offer 25%; 2 or 3 years old, offer 50%; less than 2 years old, offer 75%. Lump sum gets the best deal. Any payment plan has to be short term. Get any settlement agreement in writing (signed by an authorized agent of the collection agency). |
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TWINPUMPS
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do NOT do it... seriously do not. |
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Jeff
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No, they can't.
If you gave them the info, drop an atom bomb on this, because it's going to turn into identiy theft.
Close out all the bank accounts.
And ask the collection agent to send you something IN WRITING that says you owe THEM, and not somebody else. |
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JR
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a collection agency must validate the debt in writing to you , by law fdcpa regulations protect your rights. As a 3rd party collector( collection agency) they can tell you that they can only take payments over the phone , that is how they make commission it also closed the debt out quicker and ensures that the arrangement will be kept. You can and must (for your own self) request they send you a letter validating the debt and you can send in payments by the letter. let them know by the fair debt collection practices act they must validate the debt in writing. and if the refuse they are breaking federal law leaving them vulnerable to law suit |
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Classy Granny
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No, don't give out that information over the phone. And you don't have to let them withdraw from your bank account either.
You need to have them send you a total bill, then you let them know how much you can afford a month and make arrangements to mail it to them on the same date every month. As long as you aren't late, they can't do anything. |
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kahnaguy
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No way in fact i would report them to the Better Business Bureau for this kind of horror business tactics....good luck |
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John M
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nope, they can't make you do that. Insist on a mailing address and send a check if you don't trust them. Also, confirm with your original creditor that they sold the loan to this company. If they didn't tell this creditor that you need proof that they have the legal right to collect on the loan. |
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Cliff
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don't give that info out. if they are legit they can get access through a court order. They are required to send you a bill (at least once) so don't buy into that. |
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Sim B
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noo |
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schipperkesmom
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The Collection Co. should have sent you a notice of Collection, with the Name of the Company and the Amount owed. I would not give out any Information on my Credit.
I would contact the Company I owed Money too and make Payment arrangments with them or just start sending $5- $20 per Month or per week which ever I could afford. I paid off and ex-husband Debt that way with out dealing with the Collection Co. |
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src50
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Never give out your bank account info. Don't deal with collectors via phone, only in writing. |
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latebreakfast
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Absolutely positively do NOT so much as tell them your name.
No information what so ever.
This is a tactic to scare you and to make you give away your bank info so they can freeze your accounts. They are very slick.
Check your states statute of limitations first.
http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml
You can also send them a cease and desist letter demanding that the stop harassing you immediately.
Anything you pay on this will reset the clock for reporting! Be very careful in dealing with collectors. They are the scum of the earth and use the most deceiving tactics.
Go to this message board and get free help.
http://www.creditboards.com |
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Monique
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No way, and never let them push you into giving them ANY type of personal information you don't want them to have. They will try but you have a right to say no and don't be afraid to say it and end the call if they badger you for it. |
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Choo Choo
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They can't do it without taking you to court. They're trying to scare you into letting them do it. Don't. |
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?
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They do like to try to intimidate you in doing so but, no you don't. Never give that out to a collection agency. |
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