Enhanced Recovery Corporation - Wells Fargo

[IamOld]

I've started getting calls from Enhanced Recovery Corporation - from 800notes.com it seems they collect for Wells Fargo.

Last payment in Feb for credit card - deep breath - balance now around $7,200...I take it they will sue eventually - am I do you all think - ok till Sept??

[frogger]

Probably. They are a lot of talk, talk, talk, and not seeing much if any action from them.

[IamOld]

Probably. They are a lot of talk, talk, talk, and not seeing much if any action from them.

As always Frogger, THANK YOU!!! Wells fargo still calls so it's calls from both of them - now I am indeed assuming it is for Wells Fargo, because they're calling my google voicenumber only which is what WF has...

Of course now they've started - WF - calling my "old" home and cellphones....

THANKS AGAIN!!!!!!

[treehugger1]

Amazing coincidence! I received a dunning letter from ERC today (alleged Wells Fargo account.) I just finished a request for verification of the alleged debt. I doubt they will do anything including a suit. They are across the continent in Florida. I don't think my circuit court's notion of "reasonable" attorney costs will make any suit from them worthwhile. The alleged debt is $460.00! I have to wonder if WF just contracted with ERC.

[IamOld]

Hello treehugger! Well unfortunately I owe about 6.5K...

Would you mind sharing the 'meat' of a dv letter?.....when I've done them in the past I really didn't owe anything....

ALSO! Just got an offer for 50% TO SETtle an HSBC CARD...Where were these offers like a year ago?

[catleg]

Happy 2000th post TH!

[treehugger1]

Catleg, Holy Crap! I need to get a different life.

Iamold,

The "meat" of my DV is simple.

1) I deny the debt in its entirety.
2) I request verification of the alleged debt as required under both the Fair Debt Collection Practices Act and the Oregon Revised Statutes.
3) I state that all phone calls are inconvenient and request all future communication be in writing at the address "cited below." I also state that any communication with third parties will be considered a violation of federal and state law.

There are some folks who state that you cannot request a DV and request a cease and desist telephone communications at the same time. My experience suggests otherwise.

The few CC's that initiated suit against me, did so after honoring my C&D telephone communication and submitting verification via US Mail. By the way, the CA's seldom provided DV. However, once the account was sent to a collection attorney firm AND THEY provided my request for DV, that is when I knew they were going to sue.

Catleg, 2001!

[IamOld]

Thank you! So would it then be in my interest to DV Zwicker for the $1700 or so Target claim? Or would it make them sue faster???

Catleg, Holy Crap! I need to get a different life.

Iamold,

The "meat" of my DV is simple.

1) I deny the debt in its entirety.
2) I request verification of the alleged debt as required under both the Fair Debt Collection Practices Act and the Oregon Revised Statutes.
3) I state that all phone calls are inconvenient and request all future communication be in writing at the address "cited below." I also state that any communication with third parties will be considered a violation of federal and state law.

There are some folks who state that you cannot request a DV and request a cease and desist telephone communications at the same time. My experience suggests otherwise.

The few CC's that initiated suit against me, did so after honoring my C&D telephone communication and submitting verification via US Mail. By the way, the CA's seldom provided DV. However, once the account was sent to a collection attorney firm AND THEY provided my request for DV, that is when I knew they were going to sue.

Catleg, 2001!

[IamOld]

Guys another question - today ERC leaves a voicemail with a reference number - do you all think it's ok or NOT to try to see what this is about through ERC's website? Or would that...perhaps awaken the beast more?

And I think Treehugger or Frogger...or Catleg,,,forgive me...may have answered this before BUT - am I correct that it is a bad idea to pay any collector/unsecured? Are they more likely to sue if they somehow see from your credit report that you are paying some than none? Or is this an "urban legend?" :-)

THANK YOU everyone as always.

[frogger]

There is no harm in checking the ERC website to see what's up. As to paying creditors, always remember that the unsecured creditors come in last place. They only get paid after you've got plenty of whiskey bought up for the winter.

[IamOld]

There is no harm in checking the ERC website to see what's up. As to paying creditors, always remember that the unsecured creditors come in last place. They only get paid after you've got plenty of whiskey bought up for the winter.

THANKS Frogger - or in this case, I suppose cold beers for teh summer!!!! :-)

[ryan]

Last payment in Feb for credit card - deep breath - balance now around $7,200...I take it they will sue eventually - am I do you all think - ok till Sept??

No way to predict whether they will sue now, or in the future. I'd bet you have till Sept, but then I am a betting man.

[DYLAN150]

The last payments I made to eight different cards were Jan. No lawsuits yet. Only one Collection agency contacted me so far. I am thinking I am mostly likely safe for at least two more months. Also no letters from any attorneys yets. But you read on these boards that some people don't get sued for years. Or never get sued.

[catleg]

You'll get sued by someone, the logic being that maybe your house will have some equity in it when you pass on. Yes, they're that cold hearted.

[treehugger1]

Iamold, In my not-so-humble opinion I believe that a DV is simply that, a request for verification of the debt. I don't think a CA/OC/JDB makes a decision to file suit based on a request for DV or a cease-and-desist communication letter. That would be a really shitty business model. On the other hand, I have only opinions (and experience.) Eventually, I would assume you will be sued. If you go with that scenario and factor in wage garnishment, non-exempt assets, etc, only you know your comfort zone. If you can't deal with garnishment, seizure of personal or real assets, then file for BK.

ERC seems to play by the rules. I think if they know that you know your rights, they will not necessarily be aggressive. If you received a dunning letter, why call them? Just send them a DV request.