Nikki
Coconut Creek,#2Consumer Comment
Mon, February 16, 2009
Just because they show National Bank as the original creditor doesn't necessarily mean that is the original creditor that you remember. National Bank might have bought out an old company that you owed money to. Then, National Bank might have sold the debt to someone else, who sold the debt to someone else, who sold the debt to someone else, and so on. And, if you declared bankruptcy, I wouldn't put it past the company that you declared bankruptcy on to sell the debt to someone else. It may not be on your credit report because it is probably past the 7 year reporting period. When that is the case, they just keep hitting your credit report with inquiries because that is the only thing they can do to you at this point. Equifax told you it was a sign of fraud because they didn't file the report. It may not be fraud, it may be because it is past the 7 years. Did the person you spoke to when you called tell you the year of this debt? The year of your delinquency? It may be past the statute of limitations in your state to sue for a bad debt. Also, you can either look online or call your state's licensing division. Find out if Asset Recovery Associates is licensed to collect debts in your state. In Florida, it's called the Office of Financial Regulation. I think it may be the Department of Professional Regulation in Illinois. That's one way to find out if they are scams, or a legit company.
Asset recovery associates(ara)
Schaumburg,#3Author of original report
Sun, February 15, 2009
Please communicate all BBB and FCC about this SCAMS and arrest them with 'Land of Law'.