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computerguysosa
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Subject: Bank Of America
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Wed Jan 13, 2010 8:48 pm
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| i got a call from a law office stating that they are with Bank or America and are attempting to collect on one of my charge offs. they agreed to the terms or $1000 but payed to them by this month , two weeks... is this legit? he said they they are sending me a letter via e-mail that states if i pay the aggreed amount the acct will be removed from my credit and paid in full... Help Please ASAP. |
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computerguy
Joined: 07 Jan 2010
computerguy's page
Posts: 2
7 Magic Points
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Wed Jan 13, 2010 8:59 pm
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| they also threatened to sue me... can they do that. |
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Aaron
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Subject: Bank Of America
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Tue Jan 26, 2010 10:20 am
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Hi computerguy,
First thing you should do about it is to know the SOL of your state. If SOL has expired then you need not worry. However if it hasn't expired then you should first send a cease and desist letter to the law office telling them that you wish to contact the original creditor. Contacting the original creditor and settling your dues is a much easier option. If the CA don't comply to your request tell them that you can sue them under FDCPA rules.
After this you can contact the original creditor, the bank; and ask for your debt validation. If the debt is valid then send them a "pay for deletion letter". This is sent to a creditor before you negotiate with the creditor for a repayment plan. If the creditor agrees for "pay for delete", the negative listing gets removed from the report once the debt is paid in full. However you should remember to do all these through certified mail to keep a proof that they agreed to remove the negative listing.
Hope this will help you.
Regards,
Aaron. |
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Sally Nachelle
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Subject: Bank Of America
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Wed Jun 01, 2011 12:04 pm
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No, they cannot do that. If they have threatened you, then you can inform it to the State Attorney General or FTC as they have violated the FDCPA rules. You can contact with the collection agency and request them for a validation letter via certified mail with a return receipt request. If they do not reply then send them a “Cease and Desist” letter.
The following link may help you to write letter:
debtconsolidationcare.com/letters/sample6.html
debtconsolidationcare.com/letters/cease-desist.html |
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