Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

CollectCorp for Amex Blue

Date: Fri, 07/15/2005 - 16:01

Submitted by anonymous
on Fri, 07/15/2005 - 16:01

Posts: 202330 Credits: [Donate]

Total Replies: 8

CollectCorp for Amex Blue


This is my situation..........

CollectCorp for Amex Blue

I owed 1300 about on my blue amex. I used citibank to pay for the monthly minimum. All of sudden my account was sent to the collection agency. If I knew about this site in the beginning I wouldn't have been in the situation I am in.

Well to make story short.
I paid my debt in full. I specially stated to split my debt in half with 2 credit cards I have. 700 and 600. One of my credit card was charged the full amount and it made that card overlimit which made my apr go up. They still took money from my second card. So I am in debt $700 and a high APR.

I call CollectCorp to write a letter to my Chase card that they made the mistake and they shouldn't increase my APR. They stated "they are looking into the situation" I even wrote to them but nothing seems to be done. They also have to credit back my $700 they charged for no reason since they charged the full amount to my Chase.

What is my best solution in fixing this problem?

Thank you


Hi

Welcome to the forums. I believe that it will be perfect for you to contact your original creditor about it. Did you send your collection agency a post dated check? If yes, I will advise you not to pay post dated checks or opt for automatic withdrawals. There is a risk of getting these checks cashed early or sometimes more funds are withdrawn than authorized.

There is one formal letter of dispute that I wish to forward you. Please make sure that you alter it according to your queries with your creditor.

Quote:

Date

Your Name

Name and Address
of original creditor

Re: Acct # 000-000-000-000

To Whom It May Concern:

This letter is regarding account # 000-000-000-000, which you claim I owe. This is not a refusal to pay, but a notice that your claim is disputed.

I am requesting validation, made pursuant to the Fair Debt Collection Practices Act. Please note that I am requesting "validation"; that is competent evidence bearing my signature, showing that I have some contractual obligation to pay you.

Please also be aware that any negative mark found on my credit reports from your company or any company that you represent for a debt that I don't owe is a violation of the Fair Credit Reporting Act; therefore if you cannot validate the debt, you must request that all credit reporting agencies delete the entry.

Pending the outcome of my investigation of any evidence that you submit, you are instructed to take no action that could be detrimental to any of my credit reports.

If you no longer own this debt, remove the derogatory marks from my credit report per the FCRA. Failure to respond within 30 days of receipt of this certified letter will result in legal action against your company. I will be seeking a minimum of $5,000 in damages for:
1. Defamation
2. Negligent Enablement of Identity Fraud
3. Violation of the Fair Credit Reporting Act

For the purposes of 15 USC 1692 et seq., this Notice has the same effect as a dispute to the validity of the alleged debt and a dispute to the validity of your claims. This Notice is an attempt to correct your records, and any information received from you will be collected as evidence should any further action be necessary. This is a request for information only, and is not a statement, election, or waiver of status.

Best regards,

(Insert your name)

Cc: (Insert a lawyer's name here), Esquire


(It is your legal right to dispute any item on your credit report, for any reason. If documented proof that discredits your dispute isn't provided within 30 days, it MUST be removed by law. This is why it is so important to send the dispute form via certified mail. Not only to insure its delivery, but to have documented time of when it was sent.)


lrhall41

Submitted by roxette on Fri, 07/15/2005 - 16:30

( Posts: 4009 | Credits: )


Thank you for the quick response

I actually had one charged to my Chase credit card and the other half was surpose to be debited out of my Citicard.
Amex is no help b/c they stated it was sent to collection agency and my account is closed. Also they have no prior records for CollectCorp, I had to find all the information myself. I have another collection agency NCO on my back for the same card for some charges which they stated they will credit back to me since my card surpose to be closed after my account is paid off.

Now I have all the information to dispute my case but no one has responded to any of my calls or mails.

I am planning to send them my letter and evidence to Amex and CollectCorp. If that all fails who do I call to get this resolved? High apr and $700 paid to someone.

Thank you very much


lrhall41

Submitted by anonymous on Fri, 07/15/2005 - 18:52

( Posts: 202330 | Credits: )


Hi

Welcome back. Creditors and debt collectors are required to conduct the lines of business in the proper and legal way. If they fail to provide you necessary information at the required time, you can complaint them to the FTC office and the State Attorney General office to review your case.

Hopefully you will get a positive result soon. Do let me know if any problem arises in between

Regards
Roxette


lrhall41

Submitted by roxette on Mon, 07/18/2005 - 15:55

( Posts: 4009 | Credits: )


i was only 16 at time of loan my father cosigned and supposedly took care of it in order for him to purchase his home,please help


lrhall41

Submitted by anonymous on Thu, 09/14/2006 - 13:48

( Posts: 202330 | Credits: )


Lemme get this streight, your dad co signed on a Amex Blue card for you when you were sixteen? What reasonable or responsible adult would co-sign on any credit card especially AMEX for a 16 year old? If he wanted a credit card for you why not give you one in your name off his account?

If he paid the balance to be able to purchase a home, you need to get proof of this from him ( since It was done in connection with a mortgage, the underwriter required proof it was paid, so he must have a zero balance letter or receipt some where. Get this information, and send it to the CA.

You could also argue that the account was illegal ( a 16 year old cannot legally enter into a legally binding contract, even with a cosignor), and as such they have to take the loss. However you would be legally responsible for any purchases made after you turned 18.


lrhall41

Submitted by LCW on Sun, 09/17/2006 - 07:10

( Posts: 1151 | Credits: )