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  • Report:  #173398

Complaint Review: Merchants Credit Guide - Chicago Illinois

Reported By:
- Kewaunee, Wisconsin,
Submitted:
Updated:

Merchants Credit Guide
223 W. Jackson Blvd. Chicago, 60606 Illinois, U.S.A.
Phone:
866-371-6934
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
My husband got a letter a few weeks ago from this creditor saying that it represents the client CFB Financial III and that we owe an old debt from Montgomery Wards totaling $1,080.00. They offered us one time payment of around $500 bucks and that would settle the balance. We told them we would look into this and since then they have been calling trying to collect on this debt. One the last phone call they threatened to put this debt back on our credit report if we don't pay.

Can they do that?

I have since then filed a report with the BBB and the FTC. My husband doesn't even remember if he had a Wards card. He thinks it could have been his ex-wife. How can I make them go away aside from paying this debt? My husband is telling me to go ahead and pay them so that they'll go away, but I think it's just wrong.

Debra

Kewaunee, Wisconsin
U.S.A.


4 Updates & Rebuttals

Jace

Chicago,
Illinois,
U.S.A.
Wards went out of business in 2001

#2Consumer Suggestion

Sat, January 28, 2006

Debra, you can look up the exact date and info behind it, but Montgomery Wards ceased to exist in 2001. I don't know if your debt is legit, or if Wards going out of business excuses you from paying it, as I am not a lawyer. Just keep in mind that MCG and Ken Hughes are somewhat less than reputable debt collectors, and this debt may be beyond the statute of limitations.


Giselle

Any City,
North Carolina,
U.S.A.
Why would you pay a debt you say you don't owe???

#3Consumer Comment

Fri, January 27, 2006

Even if this was your debt, the SOL (Statue of Limitations) most likely has run out and they can't collect. You should read all the other reports here at ripoffreport about this bottom feeder. Most people seem to agree that the best advice is to write them a letter and send it certified mail, return receipt. Tell them to contact you only via mail. Tell them you dispute the debt. Demand they VALIDATE the debt by providing original paperwork that clearly shows you agreed to pay what they say you owe. Demand they prove the SOL has not expired. The may try to send you some piece of paper that says they "Verify" the debt and cite some worthless case law. Make them VALIDATE the debt. Again, if I were you, I'd do a search here and read all the other reports. I may be wrong, but they seem to rack up the highest number of ripoffreports. Also, there are sample "demand for validation" letters aplenty out there on the web that you can copy verbatim and send to these people. If you need help finding one, let me know. BTW: I am not a lawyer and only a lawyer can give you legal advice. I am simply passing on information that others have given me that has helped me in the past.


Giselle

Any City,
North Carolina,
U.S.A.
Why would you pay a debt you say you don't owe???

#4Consumer Comment

Fri, January 27, 2006

Even if this was your debt, the SOL (Statue of Limitations) most likely has run out and they can't collect. You should read all the other reports here at ripoffreport about this bottom feeder. Most people seem to agree that the best advice is to write them a letter and send it certified mail, return receipt. Tell them to contact you only via mail. Tell them you dispute the debt. Demand they VALIDATE the debt by providing original paperwork that clearly shows you agreed to pay what they say you owe. Demand they prove the SOL has not expired. The may try to send you some piece of paper that says they "Verify" the debt and cite some worthless case law. Make them VALIDATE the debt. Again, if I were you, I'd do a search here and read all the other reports. I may be wrong, but they seem to rack up the highest number of ripoffreports. Also, there are sample "demand for validation" letters aplenty out there on the web that you can copy verbatim and send to these people. If you need help finding one, let me know. BTW: I am not a lawyer and only a lawyer can give you legal advice. I am simply passing on information that others have given me that has helped me in the past.


Giselle

Any City,
North Carolina,
U.S.A.
Why would you pay a debt you say you don't owe???

#5Consumer Comment

Fri, January 27, 2006

Even if this was your debt, the SOL (Statue of Limitations) most likely has run out and they can't collect. You should read all the other reports here at ripoffreport about this bottom feeder. Most people seem to agree that the best advice is to write them a letter and send it certified mail, return receipt. Tell them to contact you only via mail. Tell them you dispute the debt. Demand they VALIDATE the debt by providing original paperwork that clearly shows you agreed to pay what they say you owe. Demand they prove the SOL has not expired. The may try to send you some piece of paper that says they "Verify" the debt and cite some worthless case law. Make them VALIDATE the debt. Again, if I were you, I'd do a search here and read all the other reports. I may be wrong, but they seem to rack up the highest number of ripoffreports. Also, there are sample "demand for validation" letters aplenty out there on the web that you can copy verbatim and send to these people. If you need help finding one, let me know. BTW: I am not a lawyer and only a lawyer can give you legal advice. I am simply passing on information that others have given me that has helped me in the past.

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