CA's?

Discussion in 'Credit Talk' started by mtnman1320, Apr 11, 2005.

  1. mtnman1320

    mtnman1320 Member

    Got a letter that states leading edge recovery has an account placed with them.
    former creditor Midland Credit Management Inc.

    original creditor Providian the account has gotten BIGGER now that these guys say they have it.
    I asked for verification from midland before neve got it, but now got this letter from LER.
    anyone had experience with this tactic?
     
  2. pd11604

    pd11604 Well-Known Member

    very common - Midland could not / would not validate so they passed it off on someone else.
    Send the validation letter to the new CA
     
  3. mtnman1320

    mtnman1320 Member

    On the way certified return reciept.

    just wondering how many x's can this be passed and how it keeps growing?
     
  4. pd11604

    pd11604 Well-Known Member

    Theoretically, forever, except once it is passed the SOL for collection it is easier to make them stop


    Depends on the original contract ...did it allow for interest to accrue? chances are they are tacking on "collection fees", "lawyer's fees", etc. which are probably not legal
     

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