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What do I do about this letter from a law firm/CA?

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cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Sun Mar 21, 2010 2:29 am

OK, well it sounds like they do have DV. you need to find out if the CA owns the debt and so has the right to negotiate a settlement
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jtcarpenter

Joined: 11 Jan 2010
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Posts: 36

662 Magic Points

Subject: DV response

Sun Mar 21, 2010 4:43 am

It seems pretty clear in the documents I received that its Cap One that still owns the debt and they are asking for payment in full and mentioned nothing of a settlement offer.

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Sun Mar 21, 2010 12:09 pm

Well, I think it is time for a settlement.

So be careful about talking to them on the phone. In Credit Boards there are reports from someone that got a pfd from Crap1. However, it seems that they only talked about it on the phone. No one has confirmed. Their CS reps take unprofessional to new depths. Don't expect a PFD without a written agreement. Don't be fooled by a rep that says it over the phone, get a letter(or fax)

Crap1 sues people all the time, so if you can't get a PFD in writing consider a settlement for a lower amount. Paid if full is not better than paid in settlement. settlement means that you and Crap1 didn't agree about the amount. it does not make you a deadbeat.
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jtcarpenter

Joined: 11 Jan 2010
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Posts: 36

662 Magic Points

Subject: DV response

Sun Mar 21, 2010 6:41 pm

The problem is Cin, that at this time I can't settle anything or make a payment. I have been told funds are coming but not when yet. It could be another 60 days, I am waiting to hear. Should I still try and talk to them?

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Sun Mar 21, 2010 9:58 pm

Then go slow. Technically, it can't much worse until they file a lawsuit against you. I guess that MOV might help then.
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jtcarpenter

Joined: 11 Jan 2010
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Posts: 36

662 Magic Points

Subject: DV response

Sun Mar 21, 2010 10:07 pm

How would a MOV help? And should I just call them and explain my situation? I want to pay them I just can't. At least not right now.

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Sun Mar 21, 2010 11:25 pm

Mov probably wouldn't help I just think you need a little time. I think calling them would just tell them that the pressure is getting to you.

Have they contacted you since you received the DV response. I wouldn't make a move until they do.

Just wait until you hear something.
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jtcarpenter

Joined: 11 Jan 2010
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Posts: 36

662 Magic Points

Subject: DV response

Mon Mar 22, 2010 12:02 am

No, they have not contacted me since the DV response. Although I only got the response on the 20th, yesterday. But what you say makes sense as always. I will just wait until I hear from them. I can't do anything for them yet anyway.

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Mon Mar 22, 2010 1:01 am

think good thoughts
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jtcarpenter

Joined: 11 Jan 2010
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Posts: 36

662 Magic Points

Subject: Cap One keeps changing law firms

Sat May 08, 2010 6:31 pm

Cin,

Cap One keeps sending me new collection letters from different law firms/CAs after I send them a DV letter. Is there anything that can be done about this or is it just the price I have to pay?

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Sat May 08, 2010 6:44 pm

you need to send the old dunning letters, dv letters and green card with each new DV
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jtcarpenter

Joined: 11 Jan 2010
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Posts: 36

662 Magic Points

Subject: Cap One keeps changing law firms

Sat May 08, 2010 7:20 pm

I've just been sending them a new DV letter every time I get one. Most of the time that seems to shut them up. Is that OK or do I need to enclose the old letters too? I have to tell you though, I've looked up each new one on the web and its like a regular rogue's gallery of law firms and CAs.

cinnamngrl

Joined: 01 Nov 2008
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Posts: 1455

6339 Magic Points

Sat May 08, 2010 7:43 pm

what is the DOFD? what state do you live in? how much?
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goodnatured

Joined: 03 Nov 2007
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Posts: 3927

10 Magic Points

Sat May 08, 2010 7:50 pm

If you continue to handle it that way then you will have to keep doing it and the process will never end. I would follow cinnamons advice and send a copy of the ones that you have already sent along with the new one.

These collection agencies constantly sell debt, it is an endless circle.

jtcarpenter

Joined: 11 Jan 2010
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Posts: 36

662 Magic Points

Subject: CAP one changing lawyers/CAs

Sat May 08, 2010 7:51 pm

I live in California. The amount is $7214. And I last made a payment to them last September. The new law firm/CA is in San Jose.

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