Palisades Collections ripoff Englewood New Jersey
This collection agency is listed on all my credit reports for a creddit card debt that was included in my bankruptcy chapter 7 and were notified of my filing and discharge as well but they keep reporting as open collection with a balance, i disputed it twice and were always verified, as a matter of fact this collection agency sold that debt to Pressler & Pressler Collections right before i filed, so palisades is reporting an account that they don't own and secondly a debt that was discharged under bankruptcy law.
They must delete or i will seek legal actions against them in bankruptcy court, i kept all the credit bureaus responses that they are verifying this debt as current with a balance and open as of right now, they are violating the FCRA laws by reporting incorrectley and inaccurately and second they are violating the bankruptcy law for still currently seeking collection on a discharged debt.
Maryan
old bridge, New Jersey
U.S.A.
6 Updates & Rebuttals
Douglas
Worcester,Massachusetts,
U.S.A.
consider this file bankruptcy all the time
#7Consumer Suggestion
Tue, June 21, 2005
When I worked for a collection agency, folks would file bankruptcy all the time and the notification would be sent to agencies that no longer held the debt.
When this happens, the agency currently holding the debt has no idea that the consumer filed a bankruptcy.
Did your dispute to credit bureaus specifically mention that the account in question was cleared in banko or did you just dispute the info on the account? You see, if it was just the info disputed, the agency will simply verfiy the ss# last address and balance amount then return account as verified.
Hope this helps...
P.S. you do know that just because you filed bankruptcy doesn't mean that the accounts included have to be removed off your report, it can stay there now for another 7 years and should always show that it was delinquent but uncollectable due to your banko (banko restarts the reporting clock on debts because it means the consumer acknowledged the debt)
Maryan
old bridge,New Jersey,
U.S.A.
Palisades had violated laws and can be brought to court.
#7Author of original report
Tue, June 21, 2005
Palisades violated the FCRA, Section 623, Responsibilities of Furnishers of information for which they are responsible, They are inaccurately and incompletely furnishing information regarding many consumer accounts to the credit reporting bureaus.
I had disputed this account two times and were both verified as a current debt to be collected, the credit bureaus checks the account info with the furnisher in this matter( palisades) and the furnisher says yes or no , so the furnisher is liable for this reporting and not the credit bureaus, this violation has a fine of $1000.00 + court fees.
Secondly, palisades has responsibilities pursuant to the Bankruptcy code 11 U.S.C. 362. By palisades reporting an account as currently open and listing a balance, they are violating the above bk code which comes with another fine at the bankruptcy court.
We all know how many violations with many consumers they committed, and there's currently suits pending against them for that.
Bruce
Murray,Utah,
U.S.A.
This sounds like a civil matter
#7Consumer Suggestion
Sun, June 19, 2005
The collection agency is pretty protected in this matter. There are several misconceptions in your report. I am sure the collection agency knows these things, that is why your threats do not scare them at this point.
1. It is the credit bureau's responsibility to ensure the accuracy of your credit report. If you can show them the debt was listed in your bankruptcy, they must list it properly. Send them a copy of your mailing matrix showing the creditor is listed. They will update the account.
2. Account status on your credit report is not considered a collection activity in bankruptcy court. If the creditor is sending you notices, and is calling and harassing you, that is collection activities. If you send them a cease and decist (sp) notice, and they continue, then you may have some recourse in bankruptcy court.
3. You may have a claim regarding this issue as a civil matter. However, you will have to show damages. You may be able to prove that you paid a higher interest rate or were denied a home loan due to the innacurate reporting, however, the collection agency will argue that you were denied credit or better terms because of your bankruptcy (and all the debt you did not pay), not because of what is reported by them.
4. Bankruptcy does not make it so you don't owe the money. It only makes it so a creditor can not take any steps to collect it. This is outlined in bankruptcy code to allow your creditors to write the debt off as a loss when you stick it to them.
Your best course of action is with the credit reporting agencies. Send them verification that you listed the debt. If you did not list the debt, you will have to go back to the bankruptcy judge.
Good luck, and let us know how it turns out.
Bruce
Murray,Utah,
U.S.A.
This sounds like a civil matter
#7Consumer Suggestion
Sun, June 19, 2005
The collection agency is pretty protected in this matter. There are several misconceptions in your report. I am sure the collection agency knows these things, that is why your threats do not scare them at this point.
1. It is the credit bureau's responsibility to ensure the accuracy of your credit report. If you can show them the debt was listed in your bankruptcy, they must list it properly. Send them a copy of your mailing matrix showing the creditor is listed. They will update the account.
2. Account status on your credit report is not considered a collection activity in bankruptcy court. If the creditor is sending you notices, and is calling and harassing you, that is collection activities. If you send them a cease and decist (sp) notice, and they continue, then you may have some recourse in bankruptcy court.
3. You may have a claim regarding this issue as a civil matter. However, you will have to show damages. You may be able to prove that you paid a higher interest rate or were denied a home loan due to the innacurate reporting, however, the collection agency will argue that you were denied credit or better terms because of your bankruptcy (and all the debt you did not pay), not because of what is reported by them.
4. Bankruptcy does not make it so you don't owe the money. It only makes it so a creditor can not take any steps to collect it. This is outlined in bankruptcy code to allow your creditors to write the debt off as a loss when you stick it to them.
Your best course of action is with the credit reporting agencies. Send them verification that you listed the debt. If you did not list the debt, you will have to go back to the bankruptcy judge.
Good luck, and let us know how it turns out.
Bruce
Murray,Utah,
U.S.A.
This sounds like a civil matter
#7Consumer Suggestion
Sun, June 19, 2005
The collection agency is pretty protected in this matter. There are several misconceptions in your report. I am sure the collection agency knows these things, that is why your threats do not scare them at this point.
1. It is the credit bureau's responsibility to ensure the accuracy of your credit report. If you can show them the debt was listed in your bankruptcy, they must list it properly. Send them a copy of your mailing matrix showing the creditor is listed. They will update the account.
2. Account status on your credit report is not considered a collection activity in bankruptcy court. If the creditor is sending you notices, and is calling and harassing you, that is collection activities. If you send them a cease and decist (sp) notice, and they continue, then you may have some recourse in bankruptcy court.
3. You may have a claim regarding this issue as a civil matter. However, you will have to show damages. You may be able to prove that you paid a higher interest rate or were denied a home loan due to the innacurate reporting, however, the collection agency will argue that you were denied credit or better terms because of your bankruptcy (and all the debt you did not pay), not because of what is reported by them.
4. Bankruptcy does not make it so you don't owe the money. It only makes it so a creditor can not take any steps to collect it. This is outlined in bankruptcy code to allow your creditors to write the debt off as a loss when you stick it to them.
Your best course of action is with the credit reporting agencies. Send them verification that you listed the debt. If you did not list the debt, you will have to go back to the bankruptcy judge.
Good luck, and let us know how it turns out.
Maryan
old bridge,New Jersey,
U.S.A.
iF PALISADES THINKS THAT THEY ARE DONE NOW THEN THEY ARE WRONG!
#7Author of original report
Wed, June 15, 2005
days ago, after disputing with the credit bureaus two times with no solution palisades just updated one CRA to Included in Bankruptcy and the other two still report as open with a past due, Iam still not satisfied with this update after ruining and damaging my reports for some time, they neglected the first and second disputes and not even marking it in dispute on CRA'S, they also trying to collect on a debt that they don't own anymore,
they sold this account to another collection agency more than a year ago and they still acting like this debt is theirs. I will not settle with updates as debt included in bankruptcy....... NO WAY,
i have a long paper trail to nail them in courts, I have their responds for first and second disputes, i also have a letter that was sent to me from the other collection agency that bought this debt at that time, they too were included in my bankruptcy discharge.
There is no way for them to hide, let us see what they will say to the bankruptcy judge in court about their long history of ripping off consumers and ruinig their lives and their credit illegally.
I DEMAND TOTAL DELETION...................... NOW