Boyfriend owes money? leading edge recovery solutions llc ? debt?
July 11th, 2010 | by admin |We got a mail today, and it says that my boyfriend owes .81. It says original creditor: CHASE
and Creditor : JP Morgan chase, dda. He doesn’t use chase bank anymore he said he closed his account and doesn’t have his cards or papers anymore.so we cant look it up now. how does he owe ? this is the first letter we ever got about this and it says "Your delinquent account has been placed with our company for collection. We hae been authorized by our client to collect the outstanding amount owed to them.
Unless you notify this office within 30 days after receiving this notice that you dispute the validity of the debt or any portion thereof this Office will assume this debt is valid. If you notify this office in writing within 30 days from receiving this notice that you dispute the validity of the debt or any portion thereof this office will obtain verification of the debt or obtain a copy of judgment and mail you a copy of such judgment or verification. If you request this office in writing within 30 days after receiving this notice this office will provide you with the name and address of the original creditor if different from the current creditor."
Sincerely,, Collections Department
This is really confusing of course we plan to go call up and ask and go to chase bank too. any advice we dont know what we owe first time.. this is not a scam i noe that it has account num and reference.whats up with this letter? Will it mess his credit?
2 Responses to “Boyfriend owes money? leading edge recovery solutions llc ? debt?”
By Jamie on Jul 11, 2010 | Reply
Dispute the debt in writing.
Send them a certified letter (otherwise they will claim they never received it). They will attempt to verify the debt and must send you a copy of the verification within 30 days.
If they do not, then they did not verify the debt. If they send you just a statement of when a charge was made, but not by whom or where, they did not verify the debt. If the debt is more than seven years old, then the debt is no longer legally valid and unverified. If they are unable to verify the debt, dispute the debt on your credit report as unverified.
Once they have responded to your verification request (or more than 30 days have passed), send another letter(certified or they will claim they never received it), requesting that they cease and desist all communications by phone and mail to you. While this should stop any phone calls (if it doesn’t, file a complaint with the FTC as they will be performing an illegal act), they still have the right to attempt to collect by mail.
Do not agree to pay them anything – either in writing or over the phone. Do not verify any information with them either in writing or over the phone. Doing so can be seen as you verifying that the debt is valid and owed. Keep your guard up. Debt collectors are some of the most unscrupulous bunch of people out there. They will say, do and try just about anything to get you to agree to pay them money.
If they are able to come up with actual verification (such as itemized charges along with copies of signed charge receipts), then you will owe the debt. Unfortunately, most companies will not deal with you once they have turned the account over to a third party debt agency, and you will have to deal with the debt collector. Fortunately, if you find yourself in this position, the debt agency purchased the debt for pennies on the dollar and can usually be negotiated way down from the original amount.
I know that the letter they sent you sounds all legal like and threatening, but there is little they can do to you other than report the debt to a credit agency, which they have already done. They could try to take you to court, but then they would have to expend court costs and attorney fees to get a judgment of less than $90 – which is a serious money loosing proposition for any debt collector.
By Ralph T on Jul 11, 2010 | Reply
If you dispute the debt,the collection agency has to go back and verify the debt.
You have 30 days to send a letter of dispute.
They then have 30 days to verify the information and respond to your letter.
Keep a copy of all correspondence and use certified mail – return receipt requested to show that you sent the letters.
Or he can just pay the money.
You can call Chase to see why he still owes the money.
You can send a cease and desist letter to the collector.upon receipt of the letter,the collection agency must send you a letter stating that they will cease trying to collect the debt.
This will not stop another collection agency from trying to collect the money,but you will be able to deal with Chase directly.