On Aprill 8, 2015, I too received a collection notice re: American Readers Source in the amount of $1,098.90, Account# VXYZQXV4 and threatening me of my being reported to the Credit Reporting Bureaus if I don't make payment.
I made several attempts to contact someone from Capital Billing Service at 1-888-507-1027 only to have my calls roll over to voicemail. Today I finally managed to speak to David Wolf, ext.106 at Capital Billing. He informed me that I supposedly agreed to a five year contract with American Readers using a credit card and defaulted in payment and thereby was in breach of contract.
i have never entered into such a contract for magazines or any other publications with American Readers Source or any other such company that sells subscriptions via telemarketing.
At no time have I ever received an invoice or billing statement from American Readers Source showing I have owed anything, then I arbitrarily receive this letter.
This is clearly a scam and I am most definitely disputing this attempt to collect.
I obviously do not want my credit compromised because of this bogus claim and am grateful to Ripoff for filing this complaint.