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credit restoration

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questionable
Guest
Subject: credit restoration
 
 Posted on Fri Jun 13, 2008 11:45 pm  
Anyone has heard of Rancho Credit Management in Encinitas, CA?
I have received a letter that I owe quite large amount to them, with original creditor indicated.
I straight to Better Business Bureau site, but could not locate them. They even do not have website, etc.
First I need a verification of this debt.
Then, I need to know if this company is credible, I mean a good one to deal with.
 
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
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Posts: 1127



1045 Magic Points
Subject: debt help
 
 Posted on Sat Jun 14, 2008 1:28 am  
Did you call the number on the letter? If you did, did you tell them you need validation for this debt? I would call the Original Creditor, too...just so you KNOW which CA sold your debt to.
 
CMBV22

CMBV22

Joined: 08 May 2008
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Posts: 376



4057 Magic Points
 
 Posted on Sat Jun 14, 2008 3:16 am  
I would send a DV letter via USPS cert mail to the company that contacted you. I would also contact the OC they listed and see what information they have on the debt, if they still own it etc. I would also find out if it is already on your CR. Dont forget to find out how old the debt is and if it is past the SOL in your state.
_________________
****************************
Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:

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http://homecreditrepair.hqforums.net/
 
scott

scott

Joined: 28 Jun 2006
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Posts: 199



5318 Magic Points
 
 Posted on Sat Jun 14, 2008 6:55 am  
Send them a debt validation letter through certified mail within 30 days of your receipt of the letter from them. You can also check your credit report if Rancho CM exist in the report or not. Until and unless Rancho CM validates your debt you are not responsible for it. However if they validate the debt try to come for a Pay for deletion agreement with them.
_________________
SCOTT

Social security, bank account, and credit card numbers aren't just data. In the wrong hands they can wipe out someone's life savings, wreck their credit and cause financial ruin.
 
Guest







 
 Posted on Tue Aug 05, 2008 11:22 pm  
Rancho Credit Management also known as Ranco Equities, The Trading Post/ Golden Arch Cas!no, Fidelity Settlement Group, and Card Services is a legitimate company; it's involved in debt collection, debt settlement, interstate tobacco sales, and on-line gambling.
The owner of the company is Richard Burns, he owns about 95% . It's based out of Encinitas, in the 700 building of Gardenview Ct. The debt collection division of the company deals mainly with out of statute debt, most of it is long out of statute.
The debt collectors working for this company habitually mislead individuals, in some cases lie out-right. It's only a matter of time before they're slapped with a law-suit. Always ask them what the write-off date for the debt is.
They will contact relatives, or associates, even if they've already made contact with you, which is completely illegal. They will tell you that they're in the pre-legal department, and wish to settle the matter before it goes any further....whatever that's supposed to mean.
If it's out of stat, it can't go any further, they have no legal standing. THEY DON'T HAVE A LEGAL DEPARTMENT, AND THEY CERTAINLY DON'T HAVE A "PRE-LEGAL" ANYTHING.
As I said, though, it is a legitimate company, and they're certainly a collection agency, but they like to call themselves a finance company. They just want to get you to sign a promissory note, so that the out of stat debt will be in-stat, once again. Then they can take you to court for the full amount of the debt! Want to be liable for four more years?[/b]
 
fireyone



Joined: 26 Feb 2008
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Posts: 3249



1340 Magic Points
 
 Posted on Wed Aug 06, 2008 1:21 am  
Sounds like you are getting solme pretty good advice here. Do youbelieve this debt to be a real one. I don't think you mentioed it but real or not you need to start with the debt validation.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3235



2257 Magic Points
 
 Posted on Wed Aug 06, 2008 2:56 am  
As you were told here debt validation is the key to this one, you can access a sample letter on this site.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
erb1953



Joined: 31 Dec 2007
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Posts: 627



-15 Magic Points
 
 Posted on Wed Aug 06, 2008 5:24 am  
I never heard of them, but new collection agencies pop up everyday, so as everyone else here as stated, validate, validate, validate.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3235



2257 Magic Points
 
 Posted on Wed Aug 06, 2008 11:11 am  
True, there are new ones everyday, amazing, must be an easy industry to get into, huh?
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
sdchargers_63

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1127



1045 Magic Points
Subject: credit
 
 Posted on Wed Aug 06, 2008 11:37 am  
I never heard of them, either. However.....I just had a 'company' IM me and tell me they were "foremost the best credit repair company there was." 'Repairmycredit (dot( com who they SAY they are. According to them they have "only 14 complaints since 2002." Crazy, I think. No 'signature' attached to this one.
 
CMBV22

CMBV22

Joined: 08 May 2008
CMBV22's page
Posts: 376



4057 Magic Points
 
 Posted on Wed Aug 06, 2008 5:21 pm  
Personally, I feel the best credit repair site there is would be the FTC site with the FCRA and FDCPA attached.
_________________
****************************
Free sample letters,
info on paying off payday loans,
and quick credit repair tips.
Pesonalized credit repair advice in the forum:

www.homecreditrepair.net

http://homecreditrepair.hqforums.net/
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3235



2257 Magic Points
 
 Posted on Thu Aug 07, 2008 1:24 am  
Yep, they are like the bible of credit repair.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 627



-15 Magic Points
 
 Posted on Thu Aug 07, 2008 3:34 am  
you got that right
 
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 3249



1340 Magic Points
 
 Posted on Thu Aug 07, 2008 12:15 pm  
Its always good to have a place to go that helps you figure these things out. I am sure that we all know just how confusing and scary the credit world is when you get behind. That is why it is important to help other people to these sites, give them a hand when needing questions ask or just letting them know they are not alone. GN I like the way you put it "bible" really works.
 
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 627



-15 Magic Points
 
 Posted on Fri Aug 08, 2008 2:36 am  
yes, they list all the laws and rules there.
 
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