Arrow Financial Services LLC And Retailers National Bank (Mervyns Account) Pestering me 16 years AFTER I had a Mervyns card PLUS claiming I owed $1593.92 when it was ONLY $400 Niles Illinois
16 years after I had a card and NOW they come after me (don't they ever give up?). Plus I owed only $400 and they refuse to correct the amount even though I mailed them and said it was only $400--the Mervyns charge card only had a limit of $400 and they wouldn't let you charge more than that but despite this they won't correct it. Also odd is they keep mailing the letter saying they're offering a "settlement amount" of "only$239.09" which is suspicious since I've heard of scams involving fake settlement offers, if you pay the settlement amount the creditor never gets the money and the "collections agency" takes off with dough
Debbie
denver, Colorado
U.S.A.
1 Updates & Rebuttals
Not Thermal
Rockville,Virginia,
U.S.A.
Arrow does not collect debt, they invest in it.
#2Consumer Suggestion
Tue, June 03, 2008
Odds are, the bank is not involve at all (they may even wonder what you are talking about). Arrow most likely purchased a write off debt from the bank for a few cents (if that much) on the dollar. They then go after people in an attempt to collect time barred debt. I hope you did not tell them (Arrow) you owed any money, that will give them what they need to "renew" the debt.
I am dealing with an issue with them right now as well. While you may want to check a few more resources as to what you should do and what your options are. There is a lot of information on the web that should help considerably. Another place to start is the Attorney General of your state and the state of IL.