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Java Tony

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  1. I remember reading at one time that the original state where the default occurred is the law they have to follow for certain areas of collection. I don't remember where I read it at though. Maybe it was just the SOL as the FDCPA covers most of the states for collections law. Any other thoughts?
  2. any referrals of FDCPA attorney in Ohio? Cleveland area preferred.
  3. I have a friend that had defaulted on some CC's while living in TX, then moved to another state a few mos later (due to finances). My question that I cannot seem to find an answer to is: What state laws come into play here since TX has a pretty stringent set of collection laws? I do believe they'd have to sue in the state the debtor now lives in but what state laws prevail for lawsuits, certain collections laws and SOL's?
  4. as far as I know this account is not reporting by the CA. most likely it is from Cap1. at any rate, they did not send anything but the letter stating they need the accnt # to 'research your request'. I would think to not send anything to Cap1 at all, and just send a copy of this letter to the CA as a 2nd rqst for validation as the first has not been satisfied. I think I heard of this happening before. IMO Cap1 should be able to use the info they gave the CA to 'cross check' for lack of better words and get the info as rqsted. As far as I can see, they may just be going thru a few informal hoops to show they 'tried' to get the info to the alleged debtor. We all know OC's do not have to validate. My bigger fear is the next step is for Cap1 to file a complaint with the court and start a not so nice chain of events! Don't they get sue happy these days?
  5. bumping cuz someone's gotta know the answer here!
  6. Been away from here for a LONG time! Weird coming back. Anyhoo... I have a friend that got a dunning letter from a CA regarding a CO from Capital One. It's w/i the SOL. I helped them send a request for validation. They rcvd a letter from Cap one, not the CA. The letter is asking them for their account # to get further info! WTF? I don't know how to respond to them so I am coming here for advice. Also, enclosed with the C1 letter is a copy of our request for validation letter to the CA. I thought that the communication was to come from the CA, but they should have the account # or at least be able to give C1 a file # that can be matched up with the account #. I am pretty sure thought that this is some sort of ploy to get communication going between C1 and the alleged debtor. What do they have to gain? Not sure of this whole thing. So my question in the mean time is how do we handle this? Do we keep communication w/ the CA only? Send a letter to C1? My friend is not sure what the account # is/was anyway. What should they say in the letter to the correct recipient? Please advise!
  7. pre-approved means you have a pulse (usually) and that you can sign your name (or authorize and electronic signature). they most likely got a dnb or Experian list and are working it. since you filled out an application that means your still need to be approved. i hate that they all make you feel like you are already approved when all it is is a sales call. good luck though! hope u get it
  8. sounds like it comes down to the high credit limit on your report...but is it your personal or biz? hmmmm, it may be a crapshoot anyway....
  9. they told me they pulled DnB and the highest reporting was $2500, though I have $15k at Home Repot, $20k at citi, and lots of $5-10k's major biz cards that do not report. but the HD has never reported. i have had that limit for about 4 mos now...Key would NOT take a copy of the HD statement either as proof of the CL!! WHATEVER! they had told me it is essential to have the SSN, no one gets approved w/o it. i told them I know folks that have...another big WHATEVER!
  10. anyone have any experience on these types of financing options? I have heard and have info on 2nd Source Funding. I also have heard of other companies that will advance you $$$ against your credit card sales and receivables. Anyone ever actually use this as alternate funding? I know the fees and % has to be HUGE but anyone have experience? I get the phone calls about it as frequent as I do merchant processing solicitations, which is about once daily OMG! any info is appreciated!
  11. anyone know if they use personal income/ debt to income ration as a major contributing decision maker? i see a lot of folks talking about scores being ths and that but what about personal income? and what about documented prrof? anyone have to supply financials, tax returns, check stubs, etc?
  12. i tried this but they were ADAMANT about a PG. they wanted my ssn to process the app. NO EXCEPTIONS!
  13. JUST FYI, I have had this card now since March, approved for $5k. It is just now showing up on my personal report! YIKES!!! I talked to my rep and she said "well yes, you personally gauranteed it, it will show up on your personal!" i said, 'My partner personally gauranteed a 2 chases, 4 citibanks, 2 amex, 1 advanta and 1 Crap 1 none of those are showwing up on his!" she was dumbfounded but that apparently is how Wachovia does it, at least in this TX market. I have to double think this one if I ever get a CLI.
  14. i have been getting numerous solicitations by phone, and mail for this type of LOC. They lend based on your credit cards sales, and apparently the loan is paid with these credit card sales? anyone ever do this, or have information or any experience with this type of LOC? it sounds like it's similar to selling receivables. any info is appreciated.
  15. oops i knew i forgot something, see i been outta "apply" mode too long lol sorry.

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