Comments on: What are Junk Debt Buyers?

By: Dez

Dez — Wed, 14 Jul 2010 16:30:43 +0000

I was paying my debt to 1 collection agency after my credit card debt had been charged off as bad debt. This collection agency decided that the payment plan that had been in place for almost a year was no longer going to suffice and shut me down. sold my debt to another credit collection agency. I’m now asking this new agency to validate my debt. Not to try to get out of it but because frankly, I’m tired of dealing with the rudeness of these agencies. I tried to go BACK to the original creditor to deal directly with them, but since they SOLD my debt and wrote it off as a tax write off, I legally cannot send them any more money. So yes, i have been trying to pay this debt but I’m very tired of this run around and power trip that the collection agencies are on. By the way, this is the ONLY glitch on my credit report…. I got behind in payments when my mother passed away and just couldn’t recover from it.

By: Brian

Brian — Fri, 07 May 2010 01:03:06 +0000

Another article showing people how to get out of debt that they owe. Why not advise people to pay their debt instead of hiding behind laws that are there only to prevent fraud. Engaging in this type of behavior is the same as stealing…taking a product and not paying for it.

By: navy2niner

navy2niner — Wed, 25 Nov 2009 01:12:37 +0000

and the debt is past the 3 years SOL for NC.
They also tried to provide a copy of the Credit Agreement” stating the attorney’s fee and interest. But the account was opened 12/99 and the only part of the “Credit Agreement” was the attorney’s fee and interest form which is dated 03/00. The form is dated after the account was opened. Neither form had a signature or a name on it. Does the agreement stand?

By: navy2niner

navy2niner — Wed, 25 Nov 2009 01:07:37 +0000

I am going to arrbitration against CACH, llc, they did provide a statement from their office about the bedt being owed and some past credit card statements. But the creditor is not listed on my credit report? I had an account with Providian but they were sold to WaMu and then sold to Chase. p.s. I file my response in a timely manner and counterclaim they asked for an extention and was granted but they missed their deadline by 2 days (their counterclaim had the above info in it. any advise?

By: Patrick

Patrick — Fri, 30 Oct 2009 00:27:00 +0000

Interesting. Had no clue about junk debt buyers. Even though I am not in debt, it’s good information for anybody to be aware of in case of ending up in a situation where you have debt.