Fresh one

[landofpoor]

Now I got a new one calling today. Collect corp. Never heard of them. out of Arizona somewhere. Ohh well I'll wait for a letter and C & D them.

lol I have both of those collections after me.Client services inc
3451 Harry Truman road
St charles, Mo. 63301
Last and only time I spoke to client services was by mistake briefly 4 months ago.They send me a notice by mail once a month last one I got 2 weeks ago said they and there client willing to knock it dwn to 30% of the balance.nah dont think so even if I had the coin if that been the case I would have settled with chase for 25% before they sent it off to them.They call maybe 2 or 3 times a week never sent no letters to either outfit.collect corp is outta texas btw.

[albacore44]

shizz......what a week. Number 3 this week. anyone deal with these guys ??



Alliance One Receivables Management
4850 Street rd.
Trevose PA. 19053

[optimistic1]

shizz......what a week. Number 3 this week. anyone deal with these guys ??



Alliance One Receivables Management
4850 Street rd.
Trevose PA. 19053

Ive sent a DV to them, its been 3 months since, no reply to my dv request, not a single phone call or letter at all, I wonder where it is, wish I had the inside scoop as to a CA's standard operating procedure is upon receiving a DV letter, if one even exists, man this is a run-on sentence.

[treehugger1]

You know the drill; DV and inconvenient to receive phone calls.

There seem to be more and more of these companies springing up. I can't imagine that the smarter ones are even attempting to collect on folks who fire off the DV or C&D. But, the numbers of defaults and folks willing to speak to them has to make it worth their time to work on those who won't exercise their rights.

Keep in mind that initially most OC's will only assign the debt to CA's who only receive some percentage. If the CA can't collect or gets a DV request, I would guess the account goes back to the OC. Then, the OC sends it off to a new CA. Eventually, some OC's will sell the debt. I just can't imagine that purchased debt is going for more than a few cents on the dollar right now.

There are so many folks in default on CC's, creditors can probably not afford to sell it all for a few cents on the dollar. As an example, when my first BoA charged off, they immediately sold the account to CACH. Neither CACH, nor their out-of-state attorney firm, ever responded. When the second card charged off (6 months later) the economy was in a downward spiral. This account got bounced from one CA to the next. I DV'd all of them. BoA just sends it on to a new CA. I have not had a single call related to this alleged debt for 5 months.

It is my understanding that a charge off is not a loss to the creditor. A write-off is. That requires a 1099. I have to wonder if the costs involved in a DV request to CA to OC is worth it. I also have to wonder if the costs of selling the debt for a penny or two are worth it to the OC. It might be better to wait until one is close to the SOL and write-off the debt. If others have additional input, please chime in.

I think if the CA is only assigned the debt (did not buy it,) they have little motivation to proceed if they get a DV or C&D sent to them. They have far more accounts that might be more ripe.

On the other side, some OC's go to collection attorney firms. In my case, I get a sense they will sue, but then the CA attorney has to realize that there is the strong possibility of bankruptcy. If the attorney is only working on the premise of what they might collect in a lawsuit, then the attorney might back down and shy away from collections. If the atorney is billing hourly and the OC is paying, they probably have nothing to lose by filing suit as they will get paid. I would guess that in either case, the attorney is going to spend some time trying to see if assets are available. Even then, with folks losing their jobs (no way to garnish wages,) housing prices continue to decline (my area,) and possible BK has to play a role in the model dictating whether or not you will actually be sued. But, the OC might deem a suit and judgment necessary and hope that in the future the debtor's situation will improve.

Just my thoughts.

[albacore44]

2 letters fired off

alright so i fired off 2 DV letters to the fresh ones. My 1st letter to Encore made them go back to sleep immediatly.

NCO is still calling my cell phone 3 times a day and they signed for my DV letter on 7/20. How long do you give them to STFU ??

[optimistic1]

lol, I am tired of sending NCO DV's, they got like 5 or 6 of my accounts, I wish 1 letter would cover all of it, but unfortunately it doesnt.

[albacore44]

lol, I am tired of sending NCO DV's, they got like 5 or 6 of my accounts, I wish 1 letter would cover all of it, but unfortunately it doesnt.

Yeah, but do they acknowledge the letter and stop calling on that account ??

[optimistic1]

for the specific one, yes, for new ones that come along no, not until I sent a new dV, i've had this one collection call me over and over again ever since i talked to them once, I had it out with one of them today, I couldnt help it.

[treehugger1]

Yep, things can get tricky when a CA has multiple accounts for a debtor, especially with the same OC. You have to keep your paperwork in order. Match the new dunning letter to what you've already sent. If they are still calling with regard to a C&D for the correct account, tell them to STFU. If there has been plenty of time for them to plug your C&D into the system, then immediately file a complaint with the FTC, and send another letter with a copy of your original letter, copy of the signed green card, a transcript of their call, and a note stating you have filed a compaint with the FTC and your state agency that oversees consumer protection (whatever that is.) I think they will back down. I know it gets expensive to do CMRR, but in the end I think they will most likely stop pestering you.

I don't get a single call any longer except when the debt is recalled by the OC and farmed out to a new CA. Things will settle down.

[optimistic1]

I have yet to experience the farming effect, although I defaulted almost a year ago.

[catleg]

I think I understand ... between my wife and I there are a lot of Chase accounts, every so often another one ends up with Client Services, and I need to C&D them again, even though I think C&D should work more like a do not call list. I just realized I have a "fresh one" I need to send. It's pretty funny actually that the telephone is such a potent tool for harassment. Even though I can turn my ringers off I still have to worry about them calling my neighbors and family. You wonder if these big national banks would act so abusive if every call they made had to identify the bank doing the harassing. I still think the best way to end this is to get some congressmen's and senators' office phone numbers into your skip trace file and let them enjoy the fun.

[OhioFiler]

I think I understand ... between my wife and I there are a lot of Chase accounts, every so often another one ends up with Client Services, and I need to C&D them again, even though I think C&D should work more like a do not call list. I just realized I have a "fresh one" I need to send. It's pretty funny actually that the telephone is such a potent tool for harassment. Even though I can turn my ringers off I still have to worry about them calling my neighbors and family. You wonder if these big national banks would act so abusive if every call they made had to identify the bank doing the harassing. I still think the best way to end this is to get some congressmen's and senators' office phone numbers into your skip trace file and let them enjoy the fun.

You are a genius!

[albacore44]

I think I understand ... between my wife and I there are a lot of Chase accounts, every so often another one ends up with Client Services, and I need to C&D them again, even though I think C&D should work more like a do not call list. I just realized I have a "fresh one" I need to send. It's pretty funny actually that the telephone is such a potent tool for harassment. Even though I can turn my ringers off I still have to worry about them calling my neighbors and family. You wonder if these big national banks would act so abusive if every call they made had to identify the bank doing the harassing. I still think the best way to end this is to get some congressmen's and senators' office phone numbers into your skip trace file and let them enjoy the fun.

so far Chase has been the quietest. they dont call, but they send me e-mails telling me my account is past due ...duuuuhh, and recently letters offering to settle for less than the balance. I have 4 of their cards. Now B of A leaves a message about once a week, some gal with a pleasant voice, almost begging you to answer the phone, saying they have a wonderful plan to help you.

[optimistic1]

nice signature catleg

[albacore44]

They wont send a dunning letter

You know the drill; DV and inconvenient to receive phone calls.

There seem to be more and more of these companies springing up. I can't imagine that the smarter ones are even attempting to collect on folks who fire off the DV or C&D. But, the numbers of defaults and folks willing to speak to them has to make it worth their time to work on those who won't exercise their rights.

Keep in mind that initially most OC's will only assign the debt to CA's who only receive some percentage. If the CA can't collect or gets a DV request, I would guess the account goes back to the OC. Then, the OC sends it off to a new CA. Eventually, some OC's will sell the debt. I just can't imagine that purchased debt is going for more than a few cents on the dollar right now.

There are so many folks in default on CC's, creditors can probably not afford to sell it all for a few cents on the dollar. As an example, when my first BoA charged off, they immediately sold the account to CACH. Neither CACH, nor their out-of-state attorney firm, ever responded. When the second card charged off (6 months later) the economy was in a downward spiral. This account got bounced from one CA to the next. I DV'd all of them. BoA just sends it on to a new CA. I have not had a single call related to this alleged debt for 5 months.

It is my understanding that a charge off is not a loss to the creditor. A write-off is. That requires a 1099. I have to wonder if the costs involved in a DV request to CA to OC is worth it. I also have to wonder if the costs of selling the debt for a penny or two are worth it to the OC. It might be better to wait until one is close to the SOL and write-off the debt. If others have additional input, please chime in.

I think if the CA is only assigned the debt (did not buy it,) they have little motivation to proceed if they get a DV or C&D sent to them. They have far more accounts that might be more ripe.

On the other side, some OC's go to collection attorney firms. In my case, I get a sense they will sue, but then the CA attorney has to realize that there is the strong possibility of bankruptcy. If the attorney is only working on the premise of what they might collect in a lawsuit, then the attorney might back down and shy away from collections. If the atorney is billing hourly and the OC is paying, they probably have nothing to lose by filing suit as they will get paid. I would guess that in either case, the attorney is going to spend some time trying to see if assets are available. Even then, with folks losing their jobs (no way to garnish wages,) housing prices continue to decline (my area,) and possible BK has to play a role in the model dictating whether or not you will actually be sued. But, the OC might deem a suit and judgment necessary and hope that in the future the debtor's situation will improve.

Just my thoughts.

This collectcorp wont go away. I never received a dunning letter, just phone calls, including one to my mother-in-law. i returned his call and got voicemail. so i told the guy if he is calling about an alledged debt, he needs to send me a letter, and we will respond to it. today the azz hat leaves a message, acknowledging my call to him, but he still needed to talk to us. aren't they required to send you a letter withing 5 days of initial contact ??