John
Califon,#2Consumer Comment
Fri, March 28, 2008
but you need to check YOUR facts. Since you admit to BUYING an alleged debt, you MUST be registered within that state to try and collect if the state requires. Just because you are trying to collect a debt does not mean you have permission to in that state without being registered. It is up to the State to determine that. Their are states that allow an entity to collect for an active creditor who actually holds the debt to attempt collections without being registered.
William
Gilbert,#3UPDATE Employee
Thu, March 27, 2008
This rip off report seems to hinge on the fact that the company is not registered as a Texas LLC. This is correct, they are not registered in Texas, but like many companies, especially in the financial industry, they register in other states that offer advantages to the company. If the person who filed the ripoff report had done a search of the Nevada Secretary of State's filings he would have found that TG Capital Investments is a registered LLC in that state and is active and in good standing. TG Capital Investments is a legitimate company who purchases deliquent accounts from the original creditors and then collects on the balance owed. This is perfectly legal and it is a common practice for the large banks to sell off accounts they are unable to collect against. My suggestion is that before publishing a comment that libels an entity the person who posted this report should make sure he checks all his facts.