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Paragon Way ripoff Fraudulent Debt Austin Texas
I recently recieved a letter in the mail stating I owe money for a Payday loan. This payday loan was paid off over 5 years ago, and had never gone to Collections. Just last month I ordered my credit report again, and saw this company, Paragon Way on there. I had never heard of them, nor had I ever heard from them. I put in a dispute stating this is not my account whatever the account was.
A month later, I recieve this letter. This letter does not state very much information except that it was a payday loan.And that if I call to make arrangements the interest will stop accruing. the interest is 3.56. This is a fraudulent debt and It smells like a big scam. I have found other sites where it states they buy fraudulent debts and attempt to collect on them.
This information is on my credit report and I would like it removed.
Amieerry
belle chasse, Louisiana
U.S.A.
5 Updates & Rebuttals
Sherri
Piedmont,California,
U.S.A.
MY HUSBAND FILED SUIT AGAINST PARAGON WAY--STEVE, YOU WILL LOVE THIS!
#6Consumer Comment
Sun, September 02, 2007
He goes to court on October 5th. Being it is Small Claims, wonder if they are actually going to show up from Texas, being they cannot be represented by an attorney.
I'm sure that the "current creditor" on the OP's report is Collins Receivables. What Paragon fails to tell you is the Paragon Way and their "client", Collins Receivables are owned by one and the same.
When my husband saw that on his credit report, the validation letter went out. About a month later, he got the "we said so" printout that they called validation, which showed that the "debt" was from 2002, beyond the SOL in California and "received on our floor" as 12/2005 (the date, they are coincidentally reporting to the CRA as Date of Last Activity). Out went Certified Letter #2, explaining that what they sent was not validation. Total silence. Okay, they refused to delete from his credit report, time to go file suit. Suit gets filed, they get served, and wouldn't you know it? These damned fools "verified" the account to the CRAs..after they got served.
Gets better..on 8/25, my husband received what they called "validation"...old printouts showing that they are "collecting" on a paid, out of stat debt. The "letter" is dated 8/15/07, a full week after they verified to the CRAs..and get this...the envelope has it's little postage meter stamped date of 8/20/07, a full two weeks after they verified. And the letter refers to "documents received from our client" (aka ourselves), forgetting that both Paragon Way AND Collins Receivables were served at the same address and same Agent for Service of Process.
We WERE going to be nice and settle for the $70 court costs and deletion, but after our attorney stopped laughing, we decided just to let the case run it's course.
All of this drama over a $300 long ago PAID and now OUT OF STAT BS "debt" that they probably paid $3.00 for.
Sherri
Piedmont,California,
U.S.A.
MY HUSBAND FILED SUIT AGAINST PARAGON WAY--STEVE, YOU WILL LOVE THIS!
#6Consumer Comment
Sun, September 02, 2007
He goes to court on October 5th. Being it is Small Claims, wonder if they are actually going to show up from Texas, being they cannot be represented by an attorney.
I'm sure that the "current creditor" on the OP's report is Collins Receivables. What Paragon fails to tell you is the Paragon Way and their "client", Collins Receivables are owned by one and the same.
When my husband saw that on his credit report, the validation letter went out. About a month later, he got the "we said so" printout that they called validation, which showed that the "debt" was from 2002, beyond the SOL in California and "received on our floor" as 12/2005 (the date, they are coincidentally reporting to the CRA as Date of Last Activity). Out went Certified Letter #2, explaining that what they sent was not validation. Total silence. Okay, they refused to delete from his credit report, time to go file suit. Suit gets filed, they get served, and wouldn't you know it? These damned fools "verified" the account to the CRAs..after they got served.
Gets better..on 8/25, my husband received what they called "validation"...old printouts showing that they are "collecting" on a paid, out of stat debt. The "letter" is dated 8/15/07, a full week after they verified to the CRAs..and get this...the envelope has it's little postage meter stamped date of 8/20/07, a full two weeks after they verified. And the letter refers to "documents received from our client" (aka ourselves), forgetting that both Paragon Way AND Collins Receivables were served at the same address and same Agent for Service of Process.
We WERE going to be nice and settle for the $70 court costs and deletion, but after our attorney stopped laughing, we decided just to let the case run it's course.
All of this drama over a $300 long ago PAID and now OUT OF STAT BS "debt" that they probably paid $3.00 for.
Sherri
Piedmont,California,
U.S.A.
MY HUSBAND FILED SUIT AGAINST PARAGON WAY--STEVE, YOU WILL LOVE THIS!
#6Consumer Comment
Sun, September 02, 2007
He goes to court on October 5th. Being it is Small Claims, wonder if they are actually going to show up from Texas, being they cannot be represented by an attorney.
I'm sure that the "current creditor" on the OP's report is Collins Receivables. What Paragon fails to tell you is the Paragon Way and their "client", Collins Receivables are owned by one and the same.
When my husband saw that on his credit report, the validation letter went out. About a month later, he got the "we said so" printout that they called validation, which showed that the "debt" was from 2002, beyond the SOL in California and "received on our floor" as 12/2005 (the date, they are coincidentally reporting to the CRA as Date of Last Activity). Out went Certified Letter #2, explaining that what they sent was not validation. Total silence. Okay, they refused to delete from his credit report, time to go file suit. Suit gets filed, they get served, and wouldn't you know it? These damned fools "verified" the account to the CRAs..after they got served.
Gets better..on 8/25, my husband received what they called "validation"...old printouts showing that they are "collecting" on a paid, out of stat debt. The "letter" is dated 8/15/07, a full week after they verified to the CRAs..and get this...the envelope has it's little postage meter stamped date of 8/20/07, a full two weeks after they verified. And the letter refers to "documents received from our client" (aka ourselves), forgetting that both Paragon Way AND Collins Receivables were served at the same address and same Agent for Service of Process.
We WERE going to be nice and settle for the $70 court costs and deletion, but after our attorney stopped laughing, we decided just to let the case run it's course.
All of this drama over a $300 long ago PAID and now OUT OF STAT BS "debt" that they probably paid $3.00 for.
Steve [Not A Lawyer]
Bradenton,Florida,
U.S.A.
Amieerry, Just file a lawsuit. Get paid.
#6Consumer Suggestion
Sat, March 03, 2007
Amieerry,
They have caused damage to your credit by reporting this bogus entry. You are entitled to be paid for the damages caused.
Dispute the item with each credit bureau as not yours, AND demand, as per your rights under the FCRA to see all communications used in the investigation of your dispute.
Do this by certified mail, return reciept requested. Be sure to put the certified # on the letter itself and keep a copy for your records. This is very important.
Now, by the means above, send a dispute letter to the collection agency, but DO NOT sign it. In this letter, demand to see the original contract you signed to create the debt, as well as a full account history and itemization of charges.
Also demand proof that they are legally entitled to collect on this debt, and if they claim to own it, demand to see the sale contract and proof of payment.
NEVER call, or speak to any debt collector on the phone, always demand everything be in writing. Under the FDCPA, you have the legal right to stop the calls, and can sue them if they violate your request. Send that request also by the means above.
Don't get mad, GET PAID!!
Judy
Simi Valley,California,
U.S.A.
How to Fight this
#6Consumer Suggestion
Sat, March 03, 2007
Here's what I did- a fraudulent item on my client's credit report.
I started harrassing THEM- nonstop- early morn, late nights- I gathered all the fax numbers I could, and faxed my extremely harsh (no obscenties) dispute all over the place. Plus I called everyone I could. It was then deleted within 2 days. It can be deleted instantly if they so desire.
Make them nuts