We live in FL. My husband was divorced in 1988 and car was granted to x-spouse in div. It was repo'd and deficiency chg'd off to a subsid of the bank for collection sometime in '89 or '90. X-spouse was not a party to loan. No real effort by the Bank owned Collection agency to collect until late '90 or early '91(after our marriage). Husband was in military at time of loan and retired 2001. While husband was in Gulf War I visited the agency and offered to settle the $3000 for $300. I DO NOT REMEMBER IF I ever made a pmt because it turned out that the MGR of the agency was a former co-worker/friend. Never have we heard again about the loan until a couple of weeks ago when a collector from CAMCO called and started hard core collection. I believe the sol in Fl is 5 yrs but the collector says that since they purchased the debt,the sol starts again. We've written a request for validation. What is the SOL and does it matter if the CA purchased the debt or if it was assigned? They offered to let us sign a new contract or put it on a credit card. I feel that is just a way to get the old one out of the way.
They lied. They just want your money and will lie to get it...plain and simple. Look up the SOL for your state and tell them to take a long walk off a short pier.
Re: Re: Sol, Dola read this thread....it may help http://consumers.creditnet.com/stra...ad.php?s=&goto=newpost&threadid=31029&pgnum=1
Re: Re: Sol, Dola Thanks to all of you that replied. I think I knew the answers all along but just needed reinforcement. We did send the validation letter CRRR and have received the returned signed receipt but nothing else. By the way, I quoted several FL statutes in the letter about licensing requirements of CA's in FL and Statute 559.72 which includes " In collecting consumer debts, no person shall: (9) Claim, attempt, or threaten to enforce a debt when such person knows that the debt is not legitimate or assert the existence of some other legal right when such person knows that the right does not not exist. If that doesn't do it, I'll send the cease and desist letter. Thanks again everyone!
Re: Re: Re: Sol, Dola If that doesn't do it, I'll send the cease and desist letter. grammyh ============= Don't send them this letter: The END ************************* LB 59
I believe the sol in Fl is 5 yrs but the collector says that since they purchased the debt,the sol starts again. This is an outright lie! ======================== This a I000 dollar Violation. Send them an ITS letter offering to drop the suit in exchange for a deletion and a $500.oo check from them. The END ************************* LB 59
lbrown59, you said : This a I000 dollar Violation. Send them an ITS letter offering to drop the suit in exchange for a deletion and a $500.oo check from them. Sorry, but I'm new to the board and have not learned all of the abbreviations. What exactly is the ITS letter? I have pulled all 3 CBRs and there is not even an inquiry by CAMCO yet, so I can not ask for a deletion. Although we have recieved the signed CRRR, there have been no additional calls (that we can trace to CAMCO by caller ID) or messages left by them on our machine. I did learn that there is a class action suit here in FL against this CA. Also, that they do not necessarily have to be licensed in FL to collect from their state of IL, as FL legislators are lenient towards this CA. I will take whatever action is prudent to get them to stop activity and if adding our name to the class helps others, we'll do that as well. Thanks for all who have replied.
