Zephyr Posted May 8, 2018 Report Share Posted May 8, 2018 Hello, I just received a Pre-Legal Notice from Credit Corp Solutions. Basically the letter says that due to a lack of response they've placed the debt with their pre-legal department and it may be referred to an attorney. I did some research and found that this is a standard intimidation letter and they have actually been sued over this here in California. Some back story: This account was charged off in March 2017 and sold to Credit Corp Solutions. They first contacted me shortly after. Something that's interesting is that they actually listed the debt as being $700 more than the amount that the original creditor said was owed when it was charged off. Does anyone have any advice? I'm hoping that I can get away with not paying this company anything because I hate collection agencies. Quote Link to comment Share on other sites More sharing options...
Harry Seaward Posted May 9, 2018 Report Share Posted May 9, 2018 Probably nothing to worry about. Who was the OC? Quote Link to comment Share on other sites More sharing options...
Zephyr Posted May 9, 2018 Author Report Share Posted May 9, 2018 Lending Club was the OC Quote Link to comment Share on other sites More sharing options...
Credithis Posted May 9, 2018 Report Share Posted May 9, 2018 Write them back and include a copy of this: https://www.classaction.org/news/credit-corp-solutions-hit-with-lawsuit-over-vague-collection-letter Seriously, send a standard DV and copy the page from the above post..... bet they drop it like it is a bomb.... Quote Link to comment Share on other sites More sharing options...
Harry Seaward Posted May 9, 2018 Report Share Posted May 9, 2018 "Lack of response" sounds like the window of opportunity for a DV has passed. In any case, I wouldn't do anything for now. If they sue, you can respond with a motion to compel arbitration per the following agreement: https://www.lendingclub.com/info/borrower-agreement.action The agreement has JAMS and says they pay all of their own fees. Quote Link to comment Share on other sites More sharing options...
Cbole Posted July 29, 2020 Report Share Posted July 29, 2020 I too have been hit with the same letters and now they say i have 14 days to respond or they’re sending it to the legal dept (it’s been in pre-legal dept for a year). I tried to pay the original creditor ( lending club) after 1 month late but they wouldn’t except. I don’t want to pay credit Corp because lending club is listed as charged off and my credit report has already suffered but don’t want to go to court? It’s $23k! Quote Link to comment Share on other sites More sharing options...
Shin Posted August 14, 2020 Report Share Posted August 14, 2020 Hi, I have a same issue. Did you resolve this matter about Credit Corp? My OC was Lending Club too and back 2015. I just received a letter from Credit corp today about final notice before legal referral that if I don't response or call them within 14 days it will referred to a law firm. Please advice. Thank You. Quote Link to comment Share on other sites More sharing options...
alwayswinning36 Posted September 4, 2020 Report Share Posted September 4, 2020 On 8/14/2020 at 4:04 PM, Shin said: Hi, I have a same issue. Did you resolve this matter about Credit Corp? My OC was Lending Club too and back 2015. I just received a letter from Credit corp today about final notice before legal referral that if I don't response or call them within 14 days it will referred to a law firm. Please advice. Thank You. What state are you in, specifically? Account was back in 2015, or that's the alleged date of default or charge off or what? Pre-Legal is primarily just an intimidation effort by any collector. They like to throw that "legal" word in there to make it sound as if they are of authority to just be judge jury and executioner. But they don't have that authority. Quote Link to comment Share on other sites More sharing options...
alwayswinning36 Posted September 4, 2020 Report Share Posted September 4, 2020 On 7/28/2020 at 8:03 PM, Cbole said: I too have been hit with the same letters and now they say i have 14 days to respond or they’re sending it to the legal dept (it’s been in pre-legal dept for a year). I tried to pay the original creditor ( lending club) after 1 month late but they wouldn’t except. I don’t want to pay credit Corp because lending club is listed as charged off and my credit report has already suffered but don’t want to go to court? It’s $23k! You don't really provide much information for anyone to help you out really here. What state are you in? When is the last date of payment or date of default? Quote Link to comment Share on other sites More sharing options...
Cbole Posted December 9, 2020 Report Share Posted December 9, 2020 On 9/4/2020 at 1:24 PM, alwayswinning36 said: You don't really provide much information for anyone to help you out really here. What state are you in? When is the last date of payment or date of default? New Jersey. I believe 2015 to original creditor. Just got a letter today saying nothing about legal dept (which they’ve threatened last 3 letters that come randomly every 6 months) but now threatening credit report. I just read they can report negatively too even though it’s already reported on by original creditor. Not right! Is there any way to get them to drop it without paying? Lending club originally offered me a settlement at $8500- Quote Link to comment Share on other sites More sharing options...
BV80 Posted December 9, 2020 Report Share Posted December 9, 2020 8 minutes ago, Cbole said: New Jersey. I believe 2015 to original creditor. Just got a letter today saying nothing about legal dept (which they’ve threatened last 3 letters that come randomly every 6 months) but now threatening credit report. I just read they can report negatively too even though it’s already reported on by original creditor. Not right! Is there any way to get them to drop it without paying? Lending club originally offered me a settlement at $8500- You need to find out the NJ statute of limitations for legal action on this type of debt. I believe NJ is 6 years, but don’t quote me. Yes, collection agencies and debt buyers can report separately from the original creditor to credit reporting agencies. The credit reporting period is 7.5 years from the date of first delinquency. That is the date the account first went into default and was never brought back to a current status. You need to determine the date you defaulted on the account. 1 Quote Link to comment Share on other sites More sharing options...
Flirtykumquat Posted January 6, 2021 Report Share Posted January 6, 2021 On 5/8/2018 at 7:33 PM, Zephyr said: Hello, I just received a Pre-Legal Notice from Credit Corp Solutions. Basically the letter says that due to a lack of response they've placed the debt with their pre-legal department and it may be referred to an attorney. I did some research and found that this is a standard intimidation letter and they have actually been sued over this here in California. Some back story: This account was charged off in March 2017 and sold to Credit Corp Solutions. They first contacted me shortly after. Something that's interesting is that they actually listed the debt as being $700 more than the amount that the original creditor said was owed when it was charged off. Does anyone have any advice? I'm hoping that I can get away with not paying this company anything because I hate collection agencies. Can you update us with what happened? Quote Link to comment Share on other sites More sharing options...
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