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Scavenger Debt Collectors



Sub: Scavenger Debt Collectors
Sun, 22/05/2011 11:57

Friends,
I'm new to the forum, so here is my story in brief.
I encountered an overwhelming debt situation with unsecured consumer debt (credit cards) more than 10 years ago. I decided it was a waste of time to attempt paying them down, so I just let go of those cards and payments.

I went overseas on missionary work for 3 years, then returned and have gradually built a modest debt free life this time. I rent, and own 2 old vehicles payment free. I've gradually rebuilt my credit from ashes and even 2 credit cards which I use very carefully. They are a 2 edged sword!

Recently more then 10 years later, I am receiving notices from this scam outfit:
Law Offices of Mitchell N. Kay, P.C. , attempting to offer me a pay off on some of my debts from more than 10 years ago. Statute of Limatations runs out on these kind of debt in 3-4 years in most states. They are at best what is known as a scavenger debt collector. At best that means that they bought the rights to that debt from the original creditor for 2-5 cents on the dollar. At worst they are totally scamming with no rights to the original debt.

DO NOT PAY THEM A PENNY. DO NOT ADMIT TO ANY DEBT. DO NOT AGREE TO A DEBT. DO NOT SEND THEM ANY MONEY.

They are the object of a class action suit right now with lawcash.com.
Please check out that website. There is much free legal help out there. Just search on google and open your eyes.

Beware the scavenger debt collectors and stand up for your rights. They depend on people's fear and ignorance. Don't feed them.

-James



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Unregistered

Sub: #1 I NEED ADVICE PLEASE : ( i had a junk collector call me and thSun, 05/22/2011 - 11:57



I NEED ADVICE PLEASE : ( i had a junk collector call me and threaten to be served with a summons to appear if i didnt pay 500 up front. and i panicked and cried and told him i dont have money. i dont have money for rent this summer..he said fine..give me 300 by may 31st 2011 and i will stop the server..i said okayfine..and he put me on hold and came back and said i was safe ..he got him on time...and then i gave him my credit card info in spite of my uneasy feeling and bad judgment feeling..so i told him i needed a letter with information of my acount and his company..he sent an eamil telling me i agreed to pay such amonuts on such dates...THATS NOT WHAT I REQUESTED...i called the police, they came to my house...we blocked my account and the police told me to change my house number. i also visited his "office" and his"suite" that was on the email...his "suite" was a store..a store for mail services at a shoping mall..he has a p.o. box. not a "suite"...now i am so scared. he has my credit card info and this old account was SOL already, i know this because i just now ordered my credit report..that account was closed and there is now a new account LVNV something..and i think it may be this guy..i dont know what to do next...:(:(


Unregistered

Sub: #2 If they are calling you on the telephone, here is how to get theSat, 04/30/2011 - 07:23



If they are calling you on the telephone, here is how to get them to stop calling you without reviving the SOL for this debt.

Send them a letter by certified mail that says ONLY the following:

Your Name
The Address they already have for you.
The Phone Number(s) they are already calling.

"I demand that you cease and desist from any communication with me. Stop calling me on the telephone. All telephone calls are inconvenient. All telephone calls will be tape recorded by me and used as evidence against you."


That's it. Do NOT say anything else in your letter.

Do NOT sign the letter.
Do NOT ever mention the debt or anything about it.

This will get them to stop calling you in most cases.

It is best to never talk to them on the phone. Just hang up when they call. And never acknowledge the debt and never talk about the debt.

To find their mailing address, if you don't already know it, simply Google their phone number and find the name of the collection agency, then Google the name of the collection agency and find their website and then look up their contact information and find their main address.


Unregistered

Sub: #3 Paying an account that is more than 7 years old will NOT help yoSat, 04/30/2011 - 07:14



Paying an account that is more than 7 years old will NOT help your credit at all. Negative marks against your credit for past due accounts can only stay on your credit for 7 years. So after 10 years, this account is not even on his credit report.

Paying an old debt will only revive the SOL and make him likely to get sued for the original debt plus ten years of interest and late fees.


Unregistered

Sub: #4 Time monopoly!!!Thu, 02/17/2011 - 00:32



Do You realize, these guys and gals have a one way ticket to HELL, so Validatite It! Call them 100 times a day, waste their time and money. It cost them for you to call an 800 #, just ask them stupid questions, all day, every day. Let's make a joke out of them! HARASS THEM!, ALOT!!!! Go to: harasstheharrassers.org


Unregistered

Sub: #5 HarassedFri, 02/11/2011 - 11:54



I am trying to get this immoral practice stopped. The reason for high interest rates on credit cards and consumer debt is due to the risk of default. If the originator writes the debt off the books, why should a scavenger be able to buy the debt for pennies and harass the life out of someone. Go to:
harasstheharrassers.org for more information.


Chrys Henderson
Chrys Henderson

Posts: 2555
Credits: 17373.2 Send message to Chrys Henderson

Sub: #6 Quote: Just because you send money does not admit responsibilityThu, 05/28/2009 - 21:16



Quote:
Just because you send money does not admit responsibility

:shock: Huh? Why would you just send free money to a company that isn't a registered charity? For fun? If it's not for paying a bill (and therefore acknowledging that it is your debt) then what can you claim it is for?

I think that any reasonable person (and any court) would consider sending a payment as a declaration that it is your debt. Please explain how this is not the case, I would really like to know. I would also like to know which state says that paying a bill is not claiming responsibility for it.

They probably dropped it because they made a profit, since junk debt buyers only pay about 4 cents on the dollar. And they'll probably sell the remainder of it to another JDB who will be contacting you in about 6 months. But then it won't be junk debt because you just reset the SOL!

FRAUD: RECOGNIZE IT. REPORT IT. STOP IT.
Rip-off companies - FTC.
Phone harassment by Debt Collectors - FCC.
Banking issues, like ACH problems - OCC.


Unregistered

Sub: #7 What to do AFTER you send money to zombie debtThu, 05/28/2009 - 20:00



We gave money to zombie debt collectors before we were informed. We really had a hard time because there is so much info about what to do BEFORE you give the money (send the certified letter...). Just because you send money does not admit responsibility, it depends on your state. In our state the agreement to repay has to be WRITTEN. So we took a chance, sent a certified cease and desist along with a debt validation demand letter and in less than a week they sent us a letter saying they didn't have the documentation and considered our case closed. I hope this helps someone because we sure were frustrated when we couldn't find info about what to do AFTER you send zombie debt collectors money.


NASCAR_Devil
NASCAR_Devil


Posts: 4629
Credits: 30801.634606552 Send message to NASCAR_Devil

Sub: #8 They'll likely sell it down the line. Rinse and repeatThu, 05/28/2009 - 10:56



They'll likely sell it down the line. Rinse and repeat


Unregistered

Sub: #9 So they are out of gas and they will move on to the next person?Thu, 05/28/2009 - 10:55



So they are out of gas and they will move on to the next person? Or do they just hammer who ever they can?


NASCAR_Devil
NASCAR_Devil


Posts: 4629
Credits: 30801.634606552 Send message to NASCAR_Devil

Sub: #10 Fortunately you cannot reset TX 4 year SOL unless accompanied byThu, 05/28/2009 - 10:50



Fortunately you cannot reset TX 4 year SOL unless accompanied by a written acknowledgement of the debt and promise to pay.


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