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Debt Sold and is Now With Collections

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  • 07-03-2014, 02:26 PM
    Leftsider
    Debt Sold and is Now With Collections
    My question involves collection proceedings in the State of: NY

    Years ago, I refused to pay a bank certain overdraft fees because of how they processed the payments. I closed the account because of this, owing them money. Years later, I believe they settled out of court for erroneous overdraft fees associated with how they processed payments. I was obviously not part of the suit and never received compensation.

    My debt was sold and now collections agencies are contacting me. The first company i reported to the BBB because they repeatedly lied to me and were rude and disrespectful. They refused to send me paperwork and when I spoke to the bank, the debt was sold to another company.

    Now another agency is contacting me. They said they would email me some docs, so I am waiting in that.

    What recourse do I have? I feel I should not have to pay this money because it is based on the banks failure to properly process my payments. What can I do?

    Is it too late to take the bank to court? Or can I fight the collections agencies?

    Thanks
  • 07-04-2014, 10:36 PM
    Mr. Knowitall
    Re: Debt Sold and is Now With Collections
    Let's start with the statute of limitations: How many years ago did this happen?
  • 07-04-2014, 11:06 PM
    Dogmatique
    Re: Debt Sold and is Now With Collections
    (And bear in mind the BBB has absolutely no power at all)
  • 07-07-2014, 02:20 PM
    tc498
    Re: Debt Sold and is Now With Collections
    If you left the bank owing money,the person who bought the debt just wants their cut. They aren't gonna care.
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