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Hilco Receivables LLC - are they a collection agency?

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Okay, I have a question. I have a loan with MBNA that went into charge off, that I am paying to a collection agency by the name of "Phillips & Cohen". They send me a statement every month, which I really like because its documentation that they have received my payment and have applied it the balance. I like being able to see the balance go down.

My question, they show 'their' client as being 'Hilco Receivables LLC' not MBNA. Are they a collection agency? [Hilco] or are they MBNAs 'in house' collections? If so, then that goes back to my question about a collection agency collecting for a collection agency. Only MBNA is on my credit report as a charge off, no other CA is listed. just curious who Hilco is.

I have another account that is also this way, they have their client listed as Midland but they're not the OC.

just curious, thanks, shirley




Hilco is a collection service that buys in bulk distressed accounts.I dont think they are in house.
They have a website,and it seems that they work for themselves.Hope this helps.
Twokid

Sub: #1 posted on Thu, 01/19/2006 - 11:40

twokidtwocat twokidtwocat

(Posts: 602 | Credits: 484.56)

thanks twokid....so if what you say is true, then I do have a collection agency collecting for a collection agency. I can't do anything about it, or rather, what can I do, [nothing] since only the original creditor is on report. none of these other guys are. I was just curious who midland was. thanks for responding!!

Sub: #2 posted on Thu, 01/19/2006 - 11:44

imkimssister imkimssister

(Posts: 1302 | Credits: 780.55)

So far, it's still better because your CR is not reporting any collections. If the CAs enter any remarks for which they have the rights (if the OC has authorized them), this negative info will stay in your file for a period of seven years. It's still better to see the collection agency away from your CR. But they can hit your file in case of delinquency. Make sure that you don't let this happen.

Sub: #3 posted on Fri, 01/20/2006 - 02:37

john john

(Posts: 1234 | Credits: 270.82)

I'm not John. And you're totally right, I'm pretty lucky that CAs aren't on report making my situation even worse. I have NO collection agencies on report just original creditors and even though Dell and wells fargo aren't talking to me nor the collectors that are holding these accounts, theres still no CAS on report. I have one account that was sold, so its showing as PAID in full on report, and I'm paying to collection agency on it and they're not on report either, so thats a plus for me.

Sub: #4 posted on Fri, 01/20/2006 - 03:41

imkimssister imkimssister

(Posts: 1302 | Credits: 780.55)

Did you inquire from 'Phillips & Cohen' about their client 'Hilco Receivables LLC'. I think they should be able to answer your query.

Sub: #5 posted on Fri, 01/20/2006 - 03:47

john john

(Posts: 1234 | Credits: 270.82)

Yes, I will write and ask them what the deal on it is. I know it is MBNA because I matched up the account numbers and they are the same. Just wasnt sure where Hilco came in. Maybe they bought it from MBNA and then turned around and hired someone else to collect. I don't know, but I will ask them. thanks John

Sub: #6 posted on Fri, 01/20/2006 - 09:36

imkimssister imkimssister

(Posts: 1302 | Credits: 780.55)

That is interesting,my account with mbna,was charged off about 3 or 4 years ago,then I get a phone call from hilco,about a payoff too.I think mine was for a prodigy credit card.Didnt hear anything,wanted to pay it off,no one contacted me,then one day I get a phone call from hilco.

Sub: #7 posted on Thu, 07/06/2006 - 15:05

Unregistered


I RECEIVED A PHONE CALL FROM WORK TODAY,FROM A CO-WORKER THAT SOMEONE CAME IN LOOKING FOR ME,BUT I WASNT THERE AT THAT MOMENT, AND THAT PERSON GAVE THE PAPERS THAT WERE TO BE SERVE TO ME, AND GAVE IT TO HER AND AS SHE GLANCE AT THEM SHE SAW THAT IT CAME FROM HILCO RECEIVABLES, I LOOKED IT UP AT THE NET AND FOUND OUT THAT I WAS TAKEN TO COURT! IVE NEVER RECEIVE ANYTHING IN THE MALE REGARDING HILCO! I DID NOT APRRECIATE THE PAPERS TO BE GIVEN TO SOMEONE ELSE!!! WHO IS HILCO AND WHAT DO YOU GUYS DO!

Sub: #8 posted on Thu, 04/10/2008 - 07:50

Unregistered


I RECEIVED A PHONE CALL FROM WORK TODAY,FROM A CO-WORKER THAT SOMEONE CAME IN LOOKING FOR ME,BUT I WASNT THERE AT THAT MOMENT, AND THAT PERSON GAVE THE PAPERS THAT WERE TO BE SERVE TO ME, AND GAVE IT TO HER AND AS SHE GLANCE AT THEM SHE SAW THAT IT CAME FROM HILCO RECEIVABLES, I LOOKED IT UP AT THE NET AND FOUND OUT THAT I WAS TAKEN TO COURT! IVE NEVER RECEIVE ANYTHING IN THE MALE REGARDING HILCO! I DID NOT APRRECIATE THE PAPERS TO BE GIVEN TO SOMEONE ELSE!!! WHO IS HILCO AND WHAT DO YOU GUYS DO!

Sub: #9 posted on Thu, 04/10/2008 - 07:51

Unregistered


Welcome to the forum Maribel, we are not Hilco receivables. We are a forum dedicated to educating consumers of their rights.

It you would like any assistance regarding this matter please feel free to ask.

Sub: #10 posted on Thu, 04/10/2008 - 07:57

JCEMT JCEMT
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(Posts: 2934 | Credits: 192.01)

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