Dispute amount of debt

Discussion in 'Credit Talk' started by scarecrow, Oct 28, 2001.

  1. scarecrow

    scarecrow New Member

    Hello, Bought carpeting on credit agreement through company A who then set me me up with bank company B. Supposed to have contract of no payments no interest for one year. Company B never sent me any notification of a bill. 2 years later collection agency calls and says I owe them $4586.00 Original bill was$2800.00 I never recieved any bill from company B because they did not have my right address! Am willing to pay orginal contracted price.Collection agency says noway! What do I do? Please Help.
     
  2. doodyhead

    doodyhead Well-Known Member

    Wow. So, you didn't think you owed anything since you didn't get a bill?
     
  3. scarecrow

    scarecrow New Member

    Hi , Not sure if it was my resposibiltiy or burden or obligation to contact them.
     
  4. doodyhead

    doodyhead Well-Known Member

    Well, they should have to prove you owe that amount. It's hard to beleive that the amount doubled. Maybe some of the seasoned veterans here can answer your question.
     
  5. lbrown59

    lbrown59 Well-Known Member

    He said it was 2 years after the fact- What do you think they should have done ?Wait 20 years and hit him up for $99000.00?
     
  6. lbrown59

    lbrown59 Well-Known Member

    If some one owes you, you have 2 years to collect, if you owe them they have forever!
     
  7. cjd

    cjd Active Member

    eh? Are these laws or your opinion? Because that makes NO sense. So if you apply that statement to the company B, then they ran out of time because two years is over?
     
  8. doodyhead

    doodyhead Well-Known Member

    If I had bought 2k of carpet, I sure would have remembered that I had to pay SOMEBODY for it. If a year had gone by, I would have thought, "strange, I didn't get a bill, I PROBABLY need to try and contact someone." And then I would have... unless I was trying to get free carpet.
     
  9. lbrown59

    lbrown59 Well-Known Member

    So you don't think they should have asked him for the money some time before the 2 years was up.?
    There was no excuse for them to turn it over to a CA when they could have contacted him just as easly as the CA.!.
     
  10. lbrown59

    lbrown59 Well-Known Member

    Of course it makes No Sense! That's why I keep asking the question.Why is it when someone owes me money I only have 2 years to collect it but when I owe somebody money they have 7 years to forever to collect from me.
     
  11. doodyhead

    doodyhead Well-Known Member

    It's a conspiracy, you know that.
     
  12. lbrown59

    lbrown59 Well-Known Member

    "What Is ?
     
  13. doodyhead

    doodyhead Well-Known Member

    it's the man trying to keep you down!!!
    (the fact that you've only got two years to collect on your debt, and they've got seven)
     
  14. lbrown59

    lbrown59 Well-Known Member

    It's not just me it's everybody!
     
  15. roni

    roni Well-Known Member

    They don't have "forever" to collect a debt... There is a statue of limitations that varies state-by-state.

    If you have a problem with the "fees" being excesssive, I bet if you look at the original agreement there will be a clause that covers what you agree to be charged should you no pay.
     
  16. scarecrow

    scarecrow New Member

    Yes I know but, was it my responseabilty,obligation,burden to pay if I did not recive a bill due to a wrong address of their doing?
     
  17. lbrown59

    lbrown59 Well-Known Member

    The way things are done you are only accountable when you are wrong and when they are wrong!
     
  18. lbrown59

    lbrown59 Well-Known Member

    Even after the sol they can still go after you in court so that makes it forever don't it?
     

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