Complaint Review: Merchants Credit Guide - Chicago Illinois

Andrew (&Susan), The only time you ever want to contact the original creditor for anything is if the collection agency is actually representing the original creditor. Based on what you stated this is not the case, therefore the original creditor is out of the picture, and should not be contacted unless there is a dispute over the default date to determine the proper SOL run out date. MCG Co is representing themselves, as they are junk debt buyers, and CFB are also junk debt buyers. This is obviously a very old debt, my guess at least 2, but probably 3-4 years old. What saves you here is that the junk debt buyer has to prove that you owe THEM money, not your original creditor. This is the beauty of it. They need to show you something that you signed with them! Keep in mind that they paid less than a penny on the dollar for this type of debt, usually about a quarter of one cent on the dollar. Send them a CEASE COMMUNICATIONS letter as per your rights under the FDCPA. You can get a good one off BudHibbs.com, and you can also read all about these creeps. They are one of the worst scum you will ever encounter. Do not ever speak with them on the phone. Send all communications by certified mail, return reciept requested, and put the certified# on the letter itself and be sure to keep a copy for your records. Good luck

Andrew (&Susan), The only time you ever want to contact the original creditor for anything is if the collection agency is actually representing the original creditor. Based on what you stated this is not the case, therefore the original creditor is out of the picture, and should not be contacted unless there is a dispute over the default date to determine the proper SOL run out date. MCG Co is representing themselves, as they are junk debt buyers, and CFB are also junk debt buyers. This is obviously a very old debt, my guess at least 2, but probably 3-4 years old. What saves you here is that the junk debt buyer has to prove that you owe THEM money, not your original creditor. This is the beauty of it. They need to show you something that you signed with them! Keep in mind that they paid less than a penny on the dollar for this type of debt, usually about a quarter of one cent on the dollar. Send them a CEASE COMMUNICATIONS letter as per your rights under the FDCPA. You can get a good one off BudHibbs.com, and you can also read all about these creeps. They are one of the worst scum you will ever encounter. Do not ever speak with them on the phone. Send all communications by certified mail, return reciept requested, and put the certified# on the letter itself and be sure to keep a copy for your records. Good luck

If you are truely concerned about whether this will ruin your credit then I suggest you don't ignore this. Dispute the debt. Ask them to provide you with proof of the debt, including a copy of the (supposed) original consumer credit agreement that you signed creating the debt. Check your credit reports and find out if this is being reported and if it is dispute it with any or all credit reporting agencies. Send everything Certified Mail, Return reciept requested. These companies thrive because too many people roll over and play dead!