Everyone knows that an unpaid creditor can leave a mark on your record for years to come. But now, even your health club or local librarian can lower your score.
Message edited by: jayK on 2005-07-19 12:49:48 CDT
But smart people know what their states SOL's are, and if that collector does not respond to a DV letter, there is money to be made for FDCPA violations.
Truth be told, most people are scared, imtimidated and screw themselves over because they don't know how to handle collection agencies, and that is just sad.
summitsix said:But smart people know what their states SOL's are, and if that collector does not respond to a DV letter, there is money to be made for FDCPA violations.
Truth be told, most people are scared, imtimidated and screw themselves over because they don't know how to handle collection agencies, and that is just sad.
So says the guy with the bull dog avitar. It is true though. I got one getting ready to pony up $2-3k for f'ing around over a debt that isn't even mine. What is great is that the federal court here even has a hand holding dept for pro se's.
Would you lend me some money? I promise to pay you back.....sometime....someday....
My point is when deadbeats don't repay their debts to creditors, people who use credit are the ones that suffer in the form of higher interest rates. Banks exist to make money. Repay all bills that you owe. You gave your word when you signed your name on the line, or clicked the accept box, to all terms and conditions.
Would you lend me some money? I promise to pay you back.....sometime....someday....
My point is when deadbeats don't repay their debts to creditors, people who use credit are the ones that suffer in the form of higher interest rates. Banks exist to make money. Repay all bills that you owe. You gave your word when you signed your name on the line, or clicked the accept box, to all terms and conditions.
And when all it takes is a name and an address and a couple bucks to ding someone's credit, there has to be some way for the consumer to fight back. Not everyone who has their credit dinged is a deadbeat.
IF you read my post correctly, I stated that "deadbeats" don't repay their obligations, it hurts everyone who uses credit. The reason for my post was to be directed towards summitsix's post.
Obviously, if a credit report is dinged erroneously, there are ways to protect yourself. All three major cra's have this information on their websites. You post as if there is nothing out there to help the consumer...
IF you read my post correctly, I stated that "deadbeats" don't repay their obligations, it hurts everyone who uses credit. The reason for my post was to be directed towards summitsix's post.
Obviously, if a credit report is dinged erroneously, there are ways to protect yourself. All three major cra's have this information on their websites. You post as if there is nothing out there to help the consumer...
Yeah, and you were the only one mentioning deadbeats. You inferred that anyone who knows how to fight collection agencies are deadbeats. What I was saying is that suing is the way to fight back. And not everyone who sues a CA is a deadbeat.
Yeah, the CRA are there to help you. Right. Here's what happens when you try to fight a tradeline. You tell the CRA it's "not mine" They ask the CA if it's yours. The scum Collection Agency says yup. They keep the line. Your only option then is to sue the Collection Agency, as the CRA did their job.
Yes, I am a debt collector. As such, as have had experience in fraud cases. If it were as simple as telling the CRA "not mine" as psuJC stated, I would think there would be MANY more reports of fraud. How about requesting backup or some verification of the debt? How about filing a police report? There are many ways to prove yourself. As to dealing with collection agencies, I would refer you to the Fair Debt and Practices Act which is a federal law governing collection agencies.
Everyone should check their credit reports at least twice a year, The FACT ACT allows you to view all three for free once a year.
Kjeldorian said:Yes, I am a debt collector. As such, as have had experience in fraud cases. If it were as simple as telling the CRA "not mine" as psuJC stated, I would think there would be MANY more reports of fraud. How about requesting backup or some verification of the debt? How about filing a police report? There are many ways to prove yourself. As to dealing with collection agencies, I would refer you to the Fair Debt and Practices Act which is a federal law governing collection agencies.
What SHOULD happen when you dispute a line as "not mine" is the CRA goes and performs a real investigation. Gaining a police report and asking the CA for VALIDATION only works if you are willing to go to court. You implied that anyone who knew this was a deadbeat.
Why should it be the consumers responsibilty to make sure the CRA is reporting correct information? Shouldn't the CRA or the scumbag debt collectors hold some responsibilty, to ensure that they are reporting factual, correct, and fraud free information?
Unfortunately, you are incorrect in both assumptions regarding court and my implied message.
CRA's only report what is reported to them, THEY ARE A CREDIT REPORTING AGENCY, not a watchdog.
anyway, you are viewing my posts, not understanding the information contained in them, and then continuing to post the same argumentative posts. You have mention my deadbeat term in every post. There are many deadbeats, my use of the moniker was specifically targeted to those who do not pay their bills to creditors. Get over it.
What do you determine a "real investigation" to be exactly? And who should pay for this?
Kjeldorian said:Unfortunately, you are incorrect in both assumptions regarding court and my implied message.
CRA's only report what is reported to them, THEY ARE A CREDIT REPORTING AGENCY, not a watchdog.
anyway, you are viewing my posts, not understanding the information contained in them, and then continuing to post the same argumentative posts. You have mention my deadbeat term in every post. There are many deadbeats, my use of the moniker was specifically targeted to those who do not pay their bills to creditors. Get over it.
What do you determine a "real investigation" to be exactly? And who should pay for this?
I eagerly await your well tought-out response...
Your inability to comprehend must make you a great asset to your collection agency.
I said CRA's SHOULD perform investigations, they don't now as they don't have to. They make more then enough money to fund investigations.
This thread and article were concerning the increase in the types of companies than can post negative information to your credit report. Summitsix stated that people should know how to respond to CA's when one gets caught up in it. You then took the opportunity to shill, stating that deadbeats cause everyone problems.... which had nothing to do with the thread, except to show that knowing how do deal with CA's equates to being a deadbeat.
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