- Report: #906023
Complaint Review: Alliance One Receivables Management Inc. - Trevose Pennsylvania
Reported By:
Slave2ThaGrave -
rocklin, California, United States of America
Submitted:
Updated:
-
Author Confirmed
Why?
Alliance One Receivables Management Inc.
4850 Street Rd. Suite 300 Trevose, 19053 Pennsylvania, United States of America
Phone:
866-672-3308
Web:
Categories:
Business Rating:
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Alliance One Receivables Management Inc. Alliance One Deceptive Debt Settlement Tactics Trevose, Pennsylvania
Report Attachments
about 2 weeks ago i entered into what i thought was debt settlement agreement with Citibank on a $12,000.00 debt that was originally $7,000.00 before they began adding interest charges and assessing overdraw penalties. after receiving an offer of a settlement from another company in april (plot spoiler alert: tax time) i received new communication from this company. i agreed over the phone to settle the debt for the same $4,000.00 amount the previous company had offered. this was a big mistake. i let them take the first $1,333.00 payment out of my bank account and now they have sent me another letter that completely ignores the settlement agreement and creates the perception that i am only paying them on the total amount of my debt.
i spoke to a customer service representative who assured me this settlement, which he referred to as a "debt settlement opportunity" was valid, and in spite of the fact that they have sent me nothing to reassure me that i am dealing in faith with a company who is doing the same with me, i could "take his word for it".
after researching this companies history on the internet i believe i have made a grave mistake in not getting the agreement in writing first, also i should have tried harder to deal directly with CitiBank and have them send me a written debt settlement agreement first.
i will update this if i am able in the future, but the stress i have placed upon my life over this debt may render me unable to do that. it is obviously further exacerbated by my aforementioned current dilemma.
i spoke to a customer service representative who assured me this settlement, which he referred to as a "debt settlement opportunity" was valid, and in spite of the fact that they have sent me nothing to reassure me that i am dealing in faith with a company who is doing the same with me, i could "take his word for it".
after researching this companies history on the internet i believe i have made a grave mistake in not getting the agreement in writing first, also i should have tried harder to deal directly with CitiBank and have them send me a written debt settlement agreement first.
i will update this if i am able in the future, but the stress i have placed upon my life over this debt may render me unable to do that. it is obviously further exacerbated by my aforementioned current dilemma.
1 Updates & Rebuttals
Robert
SOUTH LAKE TAHOE,California,
Fight Back
#2Consumer Suggestion
Thu, February 26, 2015
It is clear from your report that you dont understand how the credit collection system works. you wanted to do the right thing, but they screwed you over.
When you default on a payment and dont catch up the account goes into default and they harass you with phone calls until you pay or 90 days goes by. After 180 days they charge it off their books. Once they do that you cannot make any payments- the account is closed.
Then they sell it to at debt collector like AllianceOne Receivables. That is when you get a Dunning letter - an attempt to collect a debt. Many times a debt collector will call you first, but by law they have to notify you in writing within 5 days. If they dont they are in violation of Federal law, FDCPA ( 15 USC 1692 et sec. )
Once you have the Dunning letter you have 30 days to send them a letter disputing the debt and demanding they validate it, according to the FDCPA. If they do not validate after that, and continue to collect by calling you again, sending more letters, or try to sue you for it, they are again in violation of the FDCPA.
If they do nothing and you never hear from them again, fine, let it go. But you better check your credit reports, because most of the time they illegally pull your credit, or start reporting the debt as if you have a credit card account with them. These are violations of the FCRA - 15 USC 1681
Now if they do anything like the above you can sue them and make them pay you: $1,000 for FDCPA violation, plus More money for your state's consumer laws (Calif is another $1,000), $1,000 per violation of the Fair Credit Reporting Act (15 USC 1681 et sec), for pulling your credit, and for falsely reporting the account... and every phone call is a violation of the TCPA - Telecommunication Consumer Protection Act, in the amount of $500 for the first call and $1,500 for every call after that.
To learn how to sue them - without a lawyer - and make money while cleaning up your credit reports, Check out whatliesinyourdebt.com.
Hope this helps
