hula Posted April 7, 2005 Report Share Posted April 7, 2005 I have both the CA and OC trying to collect on the same account. My credit report states 'charge off' on this same account.I believe both are fraudulent to do this, what actions does anyone have to suggest?I've already disputed to CA and OC. thanks Link to comment Share on other sites More sharing options...
HeartRN Posted April 7, 2005 Report Share Posted April 7, 2005 The OC should be closed with a zero balance and say sold or transferred. The CA will be the one that shows the balance. It's normal to have an OC and a CA reporting for the same account. Just make sure the info is the same in both accounts, especially the DOLA. Link to comment Share on other sites More sharing options...
Xanathos Posted April 7, 2005 Report Share Posted April 7, 2005 Aye, the OC shouldn't be trying to collect on a charged-off debt, esp. if it's been sold on top of that (charging off just meaning they took a tax write-off on your debt, sold meaning they gave away their rights to a JDB).If it's just on your credit report, there's no violation there...but if they're actively sending you settlement offers or calling trying to get money out of you (the OC that is), that's a violation of law. First Premier is pretty famous for doing this--hence why they're staring down the barrel of not only a huge class action suit and a number of standard consumer actions, but also a number of AG actions--but I don't know of many others. Link to comment Share on other sites More sharing options...
hula Posted April 7, 2005 Author Report Share Posted April 7, 2005 'We want to offer you an opportunity that can help you pay off the outstanding balance on your charged-off credit card account. In fact, if you simply call 1-800-807-3502, you could settle this debt for less than the actual balance'.Rereading both offers again, CA says '. . . our client is willing to settle your past due account fo 75% of the full balance . . .OC says ' . . . the solutions team at ARROW (CA) is helpful and courteous' Link to comment Share on other sites More sharing options...
Broke Chick Posted April 8, 2005 Report Share Posted April 8, 2005 'We want to offer you an opportunity that can help you pay off the outstanding balance on your charged-off credit card account. In fact, if you simply call 1-800-807-3502, you could settle this debt for less than the actual balance'.Rereading both offers again, CA says '. . . our client is willing to settle your past due account fo 75% of the full balance . . . ARROW is a JDB!!! The OC has, most likely, sold your account to THEM!!! I've never heard of ARROW doing contingency collections...never. If they are claiming that the account is still owned by the OC, Arrow is probably LYING THROUGH THEIR TEETH!!! OC says ' . . . the solutions team at ARROW (CA) is helpful and courteous' HAHAHAHAHAHA.........!!! Arrow is "courteous"??? "Helpful'???!! :'> Don't make me laugh....! Link to comment Share on other sites More sharing options...
Broke Chick Posted April 8, 2005 Report Share Posted April 8, 2005 Aye, the OC shouldn't be trying to collect on a charged-off debt, esp. if it's been sold on top of that (charging off just meaning they took a tax write-off on your debt, sold meaning they gave away their rights to a JDB). Xanathos:I would NOT be surprised if Cr@pOne would try something like this! They have been known for their "dirty tricks", such as the "Trojan credit card" debt reaffirmation plan we all know...and revile! Why not--in Cap1's view--try to collect twice ? If it's just on your credit report, there's no violation there...but if they're actively sending you settlement offers or calling trying to get money out of you (the OC that is), that's a violation of law. Cr@pOne is famous for violating the law, too! You must KNOW that! First Premier is pretty famous for doing this--hence why they're staring down the barrel of not only a huge class action suit and a number of standard consumer actions, but also a number of AG actions--but I don't know of many others. Cr@pOne is not, necessarily, an original "thinker" (if they CAN think at all!! ), either...What is happening to First Patootie...'cuse me!...First Premier can also happen to Cap1! (Let's hope!! ) Link to comment Share on other sites More sharing options...
hula Posted April 8, 2005 Author Report Share Posted April 8, 2005 For re-affirming what I thought. It certainly is a laugh.aloha,Hula Link to comment Share on other sites More sharing options...
Recovering Attorney Posted April 9, 2005 Report Share Posted April 9, 2005 This is a wonderful thing. Arrow buys the debt and as part of teh deal, the OC writes you a letter saying " Call my collector, they're wonderful people!" Link to comment Share on other sites More sharing options...
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