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Collecting On A Paid Debt


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Hi,

I had a CC account with Chase that I closed and paid in full back in June of 2003. Shortly thereafter, I received a collection letter from Arrow that they were collecting on the account with a balance of $219.54.

I sent a letter to Chase telling them the account was closed and PIF. They respondeed with a letter stating they had made a mistake and the account was indeed PIF.

Fast forward to December of 2009. I received a dunning letter from Asset about the same account and amount. I also found they did a hard pull on my EX CR. I'm really ticked off. Foutunately I saved all the letters from Chase and the collection letter Arrow.

Do I have any legal recourse against Asset? What about Chase?

Thanks for any input.

Edited by Biddybaby
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You may dispute with Asset. Sounds like they will not be able to verify the debt with Chase although one wonders what mistake has been made. Even if a balance were owing, it is very old---almost too old to be reported.

I would tell them that the account was PIF almost 7 years ago and that you have correspondence from the OC to that effect. Ask for a copy of any verification received from Chase and advise them to make sure there are no errors in the account number.

Finally, I would tell them that you enjoy a good credit rating and you will hold them responsible for any adverse reporting of this account which has been PIF for many years.

Good Luck.

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I have a NACA attorney who is filing suit against Asset for both FCRA and FDCPA violations. FCRA for pulling my report without a permissible purpose and FDCPA for trying to collect a non existant-debt. He's also suing EX for providing Asset with my report. Should be interestuing.

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