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Dallas,#2Consumer Suggestion
Wed, January 24, 2007
Tell them to validate by . What the money you say I owe is for; Explain and show me how you calculated what you say I owe; Provide me with copies of any papers that show I agreed to pay what you say I owe; Provide a verification or copy of any judgment if applicable; Identify the original creditor; Prove the Statute of Limitations has not expired on this account Show me that you are licensed to collect in my state Provide me with your license numbers and Registered Agent 1. NEVER talk to a collection agency on the phone. Period. 2. Keep good records. This can be the difference between a good and bad settlement. Don't expect them to remember you or what you agreed upon. 3. Send all correspondence via registered mail, receipt requested and put the registered mail number ON THE LETTER. DO NOT SIGN THE LETTER TYPE YOUR NAME 4. Keep a copy of every letter you send. 5. Penalties and extra interest are typically fictious amounts of money added on by the collection agency to pad their profits. Sometimes as much as to 50% of the debt or more claimed to be owed by a collection agency consisting of interest and fees. This is illegal, every state has usery laws (which dictate the maximum interests allowed to be charged. That is except North Dakota. There are no such laws which is why most credit card companies incorporate there.) Junk debt buyer pay anywhere from 1 cent to 7 cents on the dollar, there is no way there is this much interest. 6. Time is on your side. As time passes, the creditors will likely stop calling and the debt will be filed away for future attention or until the SOL runs out .. Allied Data Corporation 13111 Westheimer Fourth Floor Houston, Texas 77077 Local Phone: 281-558-7176 Ext 3588 or Ext 3109 Toll Free 800-275-7176 Ext 3588 or Ext 3109 Fax: 281-293-041 Fourth Floor Houston, Texas 77077 Local Phone: 281-558-7176 Ext 3588 or Ext 3109 Toll Free 800-275-7176 Ext 3588 or Ext 3109 Fax: 281-293-0417 Administrative Contact: BLAIR, ROBERT M [email protected] ALLIED DATA CORP. 13111 WESHEIMER 4TH FLR HOUSTON, Texas 77077 United States (281) 558-7176 Fax -- (281) 293-0417 Technical Contact: BLAIR, ROBERT M [email protected] ALLIED DATA CORP. 13111 WESHEIMER 4TH FLR HOUSTON, Texas 77077 United States (281) 558-7176 Fax -- (281) 293-0417