bradford0

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About bradford0

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core_pfieldgroups_99

  • Interests
    travel, golf
  • Occupation
    retired

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  • Location
    Kalamazoo, Mi.
  1. Follow-up. Attorney is about to file a class action against this CA. The argument basically is: Since the CA would not or could not validate the debt when requested 3 yrs. ago, they did not PROVE the debt was valid, consequently they should have no right to issue a 1099. That is one of the premises that effects me. Others in the class action have different arguments and I will keep this board advised as I know more. The attorney's office explained that there will be many people involved AND because this is new to both the CA's and consumers, to expect it to be quite drawn out. In the mea
  2. Contacted consumer attorney and a suit will be filed. Since this is new to everyone, including the atttorney, we are going to ask the court how the CA can come up with ANY amount to put on a 1099-c when they weren't able to validate the account when asked to. The CA will be asked to establish their "formula" for the amount stated, how debt was acquired, how much paid, etc. Those are just a few of the thoughts off the top of the attorney's mind. The basic question that should concern consumers is our vulnerability to CA's who can just "arbitrarily" without any accountability, issue a 1099
  3. Thanks for the info MissaFraq: It sounds like a lot of disagreement about interpreting the rules. One poster sounds definite one way, another sounds definite 180 degrees the other. Since I have copies of prior correspondence with this CA, including signed postal receipts where I demanded validation on this now 12 year old alleged debt, which they never attempted, I believe I will take this 1099-C to the IRS office to protest and perhaps initiate problems for this CA. Since the CA never attempted validation, how can they now come up with some "self determined" amount including a completel
  4. Dive: Thanks for the post. Maybe I should file my income tax without including the amount on the 1099 and HOPE IRS audits me. That might be interesting.
  5. Creditor (Arrow) listed cancellation date as 12/31/05. I have no idea who the original creditor was and the 1099 does not indicate any creditor other than Arrow Financial. I have records back to 1994, and no credit card account number matches the one they refer to on the 1099. The letters Arrow wrote to me in 2003/2004 referred to small balances with First Card and Citibank, DOLA 1994. The account numbers referred to in their letters do not resemble the one used on the 1099, so I truly do not know what they are referring to. If there are no legal remedies, perhaps I should ask IRS to ch
  6. Residence-Michigan In Oct 03, CA (Arrow) mailed collection letter including an account #. Alleged debt was from 1994. I responded with DV, plus advised it was beyond SOL. In April 04, heard from same CA, different account#, different amount. Responded identically. Heard nothing whatsoever since until today when I received 1099-C from Arrow, with an account # different from the two earlier ones and a different amount. I sincerely have no knowledge of this alleged debt. I am asking if Arrow has violated FDCPA and recommendations for remedy. Thanks much! ps I kept copies of Arrow's ear
  7. Thank you for your answers. Much appreciated! Bradford0
  8. I know CA's seize bank accounts after obtaining a judgement and those include checking and savings accounts. Has anyone ever heard of them going after certificates of deposit.