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quandojoy

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  1. Read was that a billing statement comes 28-30 days after invoice, sometimes shorter or longer. Is it normal to have a statement generated as early as 10 days after an initial installment payment?
  2. Right. But I am wondering if the CA missed the deadline in a way for initial furnishing to the CRAs. Since the SOL has run is there a law that hinders the CA from furnishing to the CRAs so late. The furnishing isn't mandatory, but if it is done, shouldn't it be timely?
  3. I had a medical bill in 2012 was turned over to collection agency that same year. Now 2018, collection account appears. If after the sol has expired is the collection agency barred from Furnishing data for reporting in the same way they are barred from suing me in court?
  4. Thank you for clarifying. What would be an example of a Debt Buyer purchase of an account that is not solely for collection? Debt Buyers who purchase accounts solely for collection are subject to the FDCPA if the accounts purchased are <__________> Question: Are there stipulations regarding the account types/statuses purchased? How does one handle a Debt Buyer / Lender Duality Credit File Shows Two Entries For An Account - Creditor: Account purchased by another lender DebtBuyer (CA): Account purchased from Creditor. We are Debt Buyers. Is something being minced here?
  5. Common is the buying and selling of bad-debt portfolios. Usually there is a Sale Agreement that contain the details. I was wondering if anyone has information about those portfolio purchases that are financed. Input is wanted regarding the legality of furnishing data to the CRA's for reporting fon accounts in portfolios that the debt buyer (furnisher) has'nt paid for yet. Thank You
  6. Quick question that may require some critical thinking. Read was that Debt Buyers are not subject to FDCPA, Debt Collectors are. What if this happens with an account: Account(s) sold to a Debt Buyer buy a Bank Debt buyer sells (or gifts) / Bank buys ( accepts) back the same account(s) Bank transfer/assigns those purchased (gifted) account(s) with the same Debt Buyer in a capacity of Debt Collector for collection, but the behavior of the now Debt Collector remains the same as Debt Buyer What benefit is there in this scheme? What does this mean when it comes to FDCPA subjection knowing Debt Buyers are not subject to such, debt collectors are? Does this happen to harm consumer's more since debt buyer's reporting is more adverse than debt collector's? The arrangement is found in the Purchase / Sale Agreement. What next?
  7. I see. Quite interesting. So say the agreement entered into wherein goods, services, etc. are billed and added do equal $800, under what conditions would/could a bank charge-off an account for less?
  8. Unh Unh. Easier question. If the bank says, "We charged-off $470. You owe $800." What would have to take place for this to be true?
  9. Quickly, retail card account electronic details from the bank show a charge-off amount of $470. The end. Collection Agency collecting responded to validation letter. They show no additional charges. $0 interest, $0 collection fees, $0 lawyer fees. How is it that now $800 is past due and being reporting if after proper accounting by the bank yielded $470 unpaid?
  10. A credit card account was opened with Xenon Bank, N.A.. This account was charged-off and sold to Cesium Collections. Both accounts appeared within the credit file. A direct dispute was sent to Xenon Bank, N.A.. Xenon Bank's tradeline ultimately removed. The basis of the dispute was data furnishing noncompliance. Cesium Collections account entry remains. Many disputes sent all over, state regulatory agencies in their neck and mine, the CRAs, ample documentation of faulty data presented alongside rules for reporting, CRA guidelines, etc. Generic responses from Cesium received saying the debt is valid, we bought it, here is your billing summary. Account is listed with Cesium Collections as an OC, open, credit card terms, schedule payment arrangements, credit limit and all, and currently past due. A letter was sent to Xenon Bank saying, hey your business associate is in violation of some laws, you guys have termination privileges, can you break up with them and make them stop and send a copy purchase/sale agreement to come to know...... Two letters come back from Xenon Bank. They were drafted the same day, postmarked the same, reference the same account. One says we sold the account last year to Cesium Collections, please contact them for additional information. Two says we sold the account last year to Cesium Collections. The account is now owned by Xenon Bank. This is an attempt to collect a debt owned solely by Xenon Bank. So to Cesium Collections a copy of the most favorable letter is sent, and a letter from me saying you guys can back off the collecting and furnishing of wrong account data since Xenon Bank says this account is theirs and theirs alone as of last week. Cesium Collections responds again as it originally did. We bought the account, here is a letter which makes it valid. Buuut, the letter comes on Xenon Banks letterhead with Cesium Collection's logo with Xenon Bank again saying we sold the account to Cesium Collections last year. This is dated like 3 days ago. Now I am confused. Last week, Xenon Bank says ours and ours alone now. Why? Because you made us aware of their misconduct that could put us at risk even with indemnity agreements in place. We can terminate any agreement with them if they act up and they are forced to stop everything.
  11. Hi All, This scenario is present. An account with an unpaid balance with a state agency was sent to a third party collection agency. While with the OC, the debt was disputed, validation requested. Notice came from the debt collector, this to was disputed. A response was received. Unclear is if it establishes the validness of the debt, but more so the CA's right to collect some sum on behalf of this agency that may be owed nothing in this regard. Notice arrived from the State Tax Office advising a refund to be paid, was applied to a debt owed to said state agency. How does this affect the whereabouts of the debt? Has it effectively been placed back with the OC? What is lawful? Etcetera.
  12. NC Dofd is listed as 5/15 date of last payment 11/14.
  13. Notice was received first from ABC, a dunning letter, no DV was sent. The account went to XYZ sometime in 2016. ABC says the account left their office 10/29/15, but payment is due between the 9th and 19th of each month for $100. XYZ sent a notice, a DV was sent, a response received that included proof of purchase and account application. Oddly though, the account application has information that I did not supply the OC when applying for credit. Now this JDB, XYZ, has said this account is a collection account, but the way the information appears on the report is the same as an OCs. Each time, this JDB verifies with the CRA that the information is correct and compliant.
  14. A retail card account was charged-off, sold / transferred to a collection agency, ABC. Another agency, XYZ, somehow acquired the account and are reporting this account to the CRAs. XYZ wants payment. ABC has furnished no data to the CRAs for reporting. A notice from ABC gives me instructions to pay online. When I've gone to do so, ABC's platform informs me that the account is not in their office, yet a payment remains due and owed them, and the due date is either the day of login or the day after. Can this be used to dispute XYZ's entry on the report with the CRAs? or used with XYZ directly to challenge their right to report and attempt to collect?
  15. A retail card account was charged-off, sold / transferred to a collection agency, ABC. Another agency, XYZ, somehow acquired the account and are reporting this account to the CRAs. XYZ wants payment. ABC has furnished no data to the CRAs for reporting. A notice from ABC gives me instructions to pay online. When I've gone to do so, ABC's platform informs me that the account is not in their office, yet a payment remains due and owed them, and the due date is either the day of login or the day after. Can this be used to dispute XYZ's entry on the report with the CRAs? or used with XYZ directly to challenge their right to report and attempt to collect?

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