Well said... :beer:
Just make sure any letters sent are mailed by certified mail, return receipt.
Well said... :beer:
Just make sure any letters sent are mailed by certified mail, return receipt.
A man with any sense of honor would pay the debt regardless of what paying it does to his credit score.
Dulanic
Diamond Member
- Oct 27, 2000
- 9,965
- 590
- 136
And support some of the biggest scum bags on earth? If he really wanted to make ammends he could send the money to the ORIGINAL creditor, not the scums who paid .02 on the dollar for the account. But even if he offered it, they wouldn't take it, they already wrote it off. I don't think you have any idea what hell these POS companies put people through, wether they actually owe the money or not. They lie, they break the law, they do ANYTHING to get their profit.
Like I said before I have one on my report that isn't even mine, the original creditor admits as much and has asked them to remove it from my credit report, they say they will but NEVER do. Infact they lie through their teeth, when I call I get the run around, in one day I got transfered 42 times and hung up on 28. They just ignore you, why do they care? There is no longer money involved that they can get from me, so they ignore me AND the original creditor and continue to break the law.
A man with any sense would know that the debt was paid years ago when the original creditor wrote the debt off as a bad debt.
Okay, I loan you an insured vase worth $1,000 dollars, which I paid $600 for. You break my vase, and my insurance company pays me $900.00 for the vase, so I ask you to pay me the $100.00.
You refuse, so I sue. The judge grants me a judgement for $100.00 plus interest. I wait a few months and can not collect, so I, in turn sell it to a collector for $50.00. The debt collector says you now owe them $250.00. As time progresses, the original $100.00 debt goes through many exhanges such as that until it ends up being sold off with a junk debt lot for about $2.50 and with a stated worth of about $2,500.00
So, should you now pay the last guy in the chain their $2500.00 so that they can put a negative "paid collection" on your credit report? Perhaps that would be the honorable thing to do, eh?
It doesn't matter. He owes money and the original creditor sold that debt to another person. So he owes to the new person. Regardless of who now owns it, he owes money. Those that cannot see this are people that are just looking for justification for stealing and not feeling guilty about it.
I do know how nasty debt collection agencies can get. I have witnessed it happen to a close family member.
It doesn't matter what other people do with the debt collection, the responsibility of paying for a debt falls upon a person taking the debt out. Not paying, no matter to whom it is owed, is a reflection on the person owing the debt.
All of you justifying this thievery: may I borrow some money from you?
You bet. They can also change the cost to reflect the current market value of the product. So if in another 7 years, that watch is worth $4000 as a collectors item, they will happily send you a letter asking for the $4000.
If they feel like it, they could also involve the judicial system in order to encourage you to pay the debt.
You seem to have a strong sense of honor. That is commendable, especially with today's disposable ethics.
The OC was already paid, as all credit related debts are insured for at least 90% of the original loan amount. Now, the OC, I am sure had at least a 30% markup on their product. So they are still in the green.
For his mistake, or as you call it thievery, he had to pay for 7 years. So, in essence he has paid his debt to society. A bad credit score and/or negative marks in a credit report can be as bad as prison in today's society.
Are you implying that anybody that has committed a criminal act, been to prison, and was then released is also/still a detriment to society?
I'm stating that he has not paid his debt and is, therefore, still a detriment to society.
Suck it up, be a real man, and pay for your debt that YOU took out.
You sir are the one who ought to know better. You said you were young and dumb
and I say you might have gotten older but you are still dumb and without any
integrity.
ROTFL! :laugh:
If they file a lawsuit he can countersue for harrassment and have their case dismissed due to the statute of limitations expiring. The junk debt buyers know that too...
Don't pay it. Corperations don't give a damn about morals so niether should you. You can be sure that collection agemcies would screw you over no question ask so you shouldn't feel bad for getting the upper hand for once.
I pay the debts that I take out
Of course if I wanted to be an ass, I could make the creditor prove the debt, then tie up collections for months hoping that they slip up, then sue for a FDCPA violation.. It's the popular thing to do these days
Now back to the original question:
Okay, if the debt was acquired in Washington, the statute of limitations on the debt is 6 years.
You need to reply to their letter by certified mail, return receipt; demand full validation under the FDCPA, state that they are out of SOL, state that they are only to contact you by postal mail, not to contact friends, family, employers, etc., and state that further attempts to collect a debt that is out of SOL will be construed as a method of them attempting to abridge your civil and constitutional rights.
Wait for validation. If they send any other letters than validation after the letter was signed for, then you have them for breach of the FDCPA. If they sell the debt and someone else contacts you, they are both in breach of the FDCPA. And yes, under certain circumstances breaches of the FDCPA can be quite lucrative.
There, am I enough of a bastard to the holier than thou members?
:evil:
Okay, if the debt was acquired in Washington, the statute of limitations on the debt is 6 years.
You need to reply to their letter by certified mail, return receipt; demand full validation under the FDCPA, state that they are out of SOL, state that they are only to contact you by postal mail, not to contact friends, family, employers, etc., and state that further attempts to collect a debt that is out of SOL will be construed as a method of them attempting to abridge your civil and constitutional rights.
Wait for validation. If they send any other letters than validation after the letter was signed for, then you have them for breach of the FDCPA. If they sell the debt and someone else contacts you, they are both in breach of the FDCPA. And yes, under certain circumstances breaches of the FDCPA can be quite lucrative.
There, am I enough of a bastard to the holier than thou members?
:evil:
No, I am not implying that, I am stating that.
Credit Cards and lines of credit are FDIC insured for up to 90% of debt face value.
You default, the creditor still gets most of their money. In the case of cash, that is an exception. In the case of products, the retailer gets the item wholesale, marks it up, then even at 75% repayment under insurance they still turn a profit. Then, they sell the charged off account to a collector for the difference between what they were paid by insurance and the retail cost of the note.
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
You're pathetic.
They already did when they sold the loan. Collection Agencies hire dick heads who act like pricks, because they deal _all day_ with useless deadbeat piece of crap who deserve no better treatment. If people's parents had of instilled even the most basic sense of right and wrong they'd be unlikely to find a creditor knocking down their door in the first place.
Somebody still had to pay for it, whether it was the insurance company or federal piggy or a tax write off (federal piggy), etc. The point being, the burden fell on someone else's shoulders because the OP is a thief.
It would be nice if a thread could be made of names of dishonest people so the rest of us would know who to avoid in FS/FT.
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