Direct Merchants Bank ripoff-illegal practices whole US
I was sued by Direct Merchants Bank for nearly $10,000 about 3 years ago. I demanded they provide me with proof that the account was mine, and copies of my signature on each transaction I supposedly made. They couldn't provide me with ONE SINGLE SHRED of proof. They dropped the lawsuit.
Now, I am being sued by Asset Acceptance Corp (LLC) for the same account, 3 years after the last lawsuit was dismissed.
To date, August 15, 2006, I still have not received any proof that the debt was mine, nor any part thereof.
If I sent YOU a bill for $10,000 and couldn't prove that the bill was yours, then sold the account to the nation's worst collection agency who demanded full payment, WOULD YOU PAY IT?
Is it legal for Asset Acceptance Corp to buy an account and sue someone for a debt they or the original creditor can't prove?
Also, I just found out that Asset Acceptance LLC filed the lawsuit against me months ago. I now get a letter stating that if I don't respond in less than a week, I will lose by default judgement. I wasn't served any papers. Shouldn't they be required to serve me a subpoena for court without winning by default?
Note: I only check my mail once a month, as required by the US Postal Service.
To quote Jim Neighbors from Gomer Pile, USMC: "SUR-PRIIISE, SUR-PRIIISE"
Zolar
cincinnati, Ohio
U.S.A.
2 Updates & Rebuttals
Zolar
Cincinnati,Ohio,
U.S.A.
Forced into bankruptcy
#3Author of original report
Tue, August 14, 2007
Since I couldn't keep the hounds at bay, I had to file for Chapter 7 bankruptcy.
Well, at least I don't owe anybody now.........
PS HSBC (HBSC?)sent me a letter afterwards with a pre-approved CREDIT CARD! LOL
In the shredder it went.........
Best suggestion for everyone - a rechargeable credit card or a secured credit card. When the funds are exhausted, it won't put you into debt.
Debbie
Warrington,Pennsylvania,
U.S.A.
Direct Merchants Bank/HSBC
#3Consumer Suggestion
Mon, August 13, 2007
I had a judgement placed on me in 2003 by Direct Merchants Bank, AFTER I asked for Validation. When I found out that HSBC bought out Direct
Merchants Bank, I got sick to my stomach. Luckily, besides all of a sudden my interest rate, sky rocketed, (not because of my good credit with them) but because of my Credit in general (not all that great). I got really
really really nervous. I found a website, creditinfo center to be very helpful. Just wish I found it because I didn't tape telephone conversations, I mailed them but not registered mail, I didn't track their calls, but had
I known now I would have turned around and sued them for every violation.
In the meantime, I keep a close watch on my credit card and I contacted the Federal Trade Commission and opened up an investigation. I want to just pay my card off, but I don't think there are any reputable credit cards, I don't ask for credit increases and I think that any
card or even bank cards should ALLOW Overlimits !!!!