Results 1 to 4 of 4
  1. #1
    Join Date
    Jun 2014
    Posts
    3

    Default 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

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: Debt Sold and is Now With Collections

    Let's start with the statute of limitations: How many years ago did this happen?

  3. #3
    Join Date
    Apr 2009
    Location
    Somewhere near Canada
    Posts
    35,894

    Default Re: Debt Sold and is Now With Collections

    (And bear in mind the BBB has absolutely no power at all)

  4. #4
    Join Date
    Nov 2007
    Posts
    1,419

    Default 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.

    1. Sponsored Links
       

Similar Threads

  1. Disputing Debts: In Collections for a Sold Vehicle
    By MTNic in forum Debts and Collections
    Replies: 3
    Last Post: 08-24-2012, 01:21 AM
  2. Towing: Car I Sold 7 Years Ago Towed - Sending Me to Collections
    By mr.bungle in forum Moving Violations, Parking and Traffic Tickets
    Replies: 6
    Last Post: 03-25-2011, 09:59 AM
  3. Debt Collectors: Unfair Debt Collections - Releasing Debt Information to Third Parties
    By jisaacs1207 in forum Debts and Collections
    Replies: 1
    Last Post: 10-23-2010, 07:57 PM
  4. Debt Collectors: Debt Inappropriately Sold to Collections
    By medicalhelp4 in forum Debts and Collections
    Replies: 1
    Last Post: 10-13-2009, 08:42 PM
  5. Debt Collectors: Creditor sold debt; old debt reported as new
    By NightOwl in forum Debts and Collections
    Replies: 2
    Last Post: 03-04-2005, 08:17 AM
 
 
Sponsored Links

Legal Help, Information and Resources