Ok I got this letter today, Advanta is no longer on any of my credit reports and has not been for years because its about 10 years old. Nothing about this FV-I inc or any thing about this is on my account now. So what should I do about this or what can they do. The account has been off my report for years? RE: Creditor: FV-I, INC Your Account Number: 1156489 Original Creditor: ADVANTA Original Account Number: 553423 Amount Due: $xxxxx Dear Creative Tile Mar This office represents the above named client, FV-I, INC, who has placed the above-styled matter for collection. This is a demand for full payment because you have had ample time to pay your creditor. Sometimes we can arrange installment payments but you must contact this office for arrangements. At this time, no attorney with this firm has personally reviewed the particular circumstances of your account. However, if you decide not to contact this office, our client may consider all available remedies to recover on the balance due, which may include an attorney review of your account. Please issue payment to APM Financial. This communication is from a debt collector. This is an attempt to collect a debt and any information obtained will be used for that purpose. As required by law, you are hereby notified that a negative credit report reflecting on your credit record may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit obligations. NOTICE OF IMPORTANT RIGHTS UNLESS YOU, THE CONSUMER, WITHIN THIRTY DAYS AFTER RECEIPT OF THIS NOTICE, DISPUTE THE VALIDITY OF THE DEBT, OR ANY PORTION THEREOF, WE WILL ASSUME THE DEBT TO BE VALID. IF YOU THE CONSUMER NOTIFY US IN WRITING WITHIN THE THIRTY DAY PERIOD THAT THE DEBT, OR ANY PORT!ON THEREOF, IS DISPUTED, WE WILL OBTAIN VERIFICATION OF THE DEBT OR A COPY OF A JUDGMENT AGAINST YOU, THE CONSUMER, AND A COPY OF SUCH VERIFICATION OR JUDGMENT WILL BE MAILED TO YOU BY OUR OFFICE. UPON YOUR WRITTEN REQUEST WITHIN THE THIRTY DAY PERIOD, WE WILL PROVIDE YOU WITH THE NAME AND ADDRESS OF THE ORIGINAL CREDITOR, IF DIFFERENT FROM THE CURRENT CREDITOR. Please contact our office at 1-800-355-0123 The Law Offices of Laurence A. Hecker This communication is from a debt collector. This is an attempt to collect a debt and any information obtained will be used for that purpose. As required by law, you are hereby notified that a negative credit report reflecting on your credit record may be submitted to a credit reporting agency if you fail to fulfill the terms of your credit obligations.
You need to dspute see when the last payment was reported it could be sol.your credit report should tell you when it went del
Send them a letter telling them that this debt is past the statute of limitations (after checking your state laws and making sure it really is) and that they should cease all contact and collection activities.
Fight 'em on quality (and existence) of documentation and chain of custody and ownership before using SOL. It keeps the forms 1099-C to a minimum.
The law is by no means new. It would be hard to call even the enforcement thrust on the law new (came about more or less about the time of Dubya's first term). But it takes a long time to whip JDBs into compliance ... and that's why debtors are only being hit with this in the last couple of years.
