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  1. #1

    Default Received a Letter From RJM ACQ LLC

    I hope you understand my question...

    A letter came in the mail about me owing a bank. The amount is rather small(131.34) but honestly, I'm unsure of the debt and almost certain they have the wrong person as the information they have isn't adding up, but at the same time, I'm working hard to clean up my credit. So paying them off even if it is fraudulent, isn't such a bad thing is it? Or should i fight to get this matter resolved? Because weather it's fraudulent or not, it's on my credit report.

    In my research of RJM, they have been pretty brutal and have even been known to collect on false debts. There is proof of it all over the net. So i'm not certain what to do.

  2. #2
    Join Date
    Jul 2009
    Posts
    1

    Default Re: RJM Acquisitions

    I am a former employee of RJM Acquisitions/ING (Island National Group). The physical address and actual location of the offices are

    575 Underhill Blvd
    Suite 224
    Syosset, NY 11791

    RJM is an acquisition company they purchase the debt they attempt to collect from you for PENNIES ON THE DOLLAR, they own the accounts and have the legal right to collect it. However what they dont want you to know is that they NEED to collect money on those accounts or else they are worth nothing.

    If you have a fingerhut account they claim to own, or if you have a Doubleday book club account/black expressions book club/Doubleday Large Print book club account or anything similar, DISPUTE the authenticity of the account say you never had the account never purchased or recieved any of the items they claim that you had purchased and there is an almost 100% gurantee they will close the account. I would do this for a job every day answering hundreds of in coming calls from debtors and i closed more accounts than i had actually recieved payment on. Most of those accounts are fraudulantly opened in your name in the first place therefore you should not pay and they will gladly close the accounts. They have ZERO leverage over you regarding Fingerhut or Bookclub accounts. Demand it be removed from your credit report because the account was not yours and it will be. NEVER PAY ! ! !

    In regards to having an outstanding debt with a bank such as wachovia, wells fargo, compass bank, washington mutual, am south, fifth third, citizens, bank of america, citibank etc. If the balance is anything lower than $300.00, you should simply dispute the account say you will NEVER pay the account and they will remove it from your credit report, this however will not be removed from chex systems. If you need to have the account removed from chex systems so you can open a new bank account or if your account has been frozen, you most likely need to pay or wait 5 years for the bank to remove you. If you choose to pay offer them something EXTREMELY cheap such as paying only 20-30% of what the origional balance was. They would rather take 30 dollars out of 100.00 then having to take nothing and eat what they paid for the account. NEVER PAY THE PRINCIPAL BALANCE. DEMAND Documentation of the account having had been paid off, a SIF (settled in full letter). After 30 days of having had paid off the acount request a second letter, the clause on the bottom of the letter will indicate that if the funds are returned unpaid the letter is null and void. So you want the letter without that clause incase they re-sell the account to another debt collector.

    If you mention Attourney General, they most likely will be willing to make almost any deal; they get scared when you threaten them with lawsuit.

    [Defamatory statements removed. Please do not use this board to further a revenge agenda. Thank you. --Mod]

    I only had the job to pay the bills for graduate school and I luckily was laid off. I hope my information serves you well.

  3. #3

    Default Re: RJM ACQ LLC

    WOW Thank You SO MUCH for even taking the time out to answer my question, the information is perfect and i'll get on it right away. Once again thank you and God Bless.

    Anna Marie

    oh and also... I am finding out, that many of the collection agencies have feeble minded indivuals working for them. A shame really, seems like they would take the time out to care about who they hire. Yesterday the collector from RLM hung up on me, i thought that was illigal. He hung up on me when i requested the address. All i could od was laugh.

    They can't all be bad however... look at you!

  4. #4
    Join Date
    Jul 2008
    Posts
    853

    Default Re: Received a Letter From RJM ACQ LLC

    1 If you tell a CA that you are not going to pay, the law states that they must cease contact with you. That only leaves them with one option: sue. They may or may not do that. Don't think that a CA is going to drop the matter just because the amount is too small, because that may be true, but may not always be true.

    2 Chex systems is a credit reporting agency, and you CAN dispute and sue under the FCRA just as you can with any other CRA.

    3 SIF is different than "paid in full" and you can get a tradeline on your credit that says "settled"- instead, ask for a "pay for delete"

    4 an offer to pay anything on a delinquent debt can reset or toll the SOL, so be careful offering to pay.

  5. #5

    Default Re: Received a Letter From RJM ACQ LLC

    The other thing to remember is that if you demand to see the documents where they purchased your account, they will walk away. But you have to get an agreement in writing from them - with a release - that you are discharged from the debt. I have seen these clowns issue l099s to people - even when the account was disputed. Then you have to pay an income tax on whatever amount is forgiven. Antoher good reason not to settle with these people. May be worth it to have a lawyer handle it.

  6. #6

    Default Re: RJM Acquisitions

    I agree, the below was EXTREMELY helpful. Asdfasdg, I have a question for you about your below quote. You mentioned if money being owed to RJM for a bank debt such as WAMU is under 300.00 just tell them you wont pay it. I was wondering that happens if it is 800.00 owed to a bank. My situation is that I had an account my my ex 3 1/2 years ago. I no longer even live in the state. When he moved out he overdrafted it. The account was closed because of overdraft and never paid. Now I am getting notices from RJM saying they own it and that they will accept payments etc. My question is at this amount, what happens if I ignore it. Could it be turned back to Wamu for prosecution or once RJM owns it do they own it? Also can RJM file anything criminal themselves against my ex and I if they possess the debt. Thank you so much for your help in advance. Have a great day!

    Quote Quoting asdfasdf
    View Post
    I am a former employee of RJM Acquisitions/ING (Island National Group). The physical address and actual location of the offices are

    575 Underhill Blvd
    Suite 224
    Syosset, NY 11791

    RJM is an acquisition company they purchase the debt they attempt to collect from you for PENNIES ON THE DOLLAR, they own the accounts and have the legal right to collect it. However what they dont want you to know is that they NEED to collect money on those accounts or else they are worth nothing.

    If you have a fingerhut account they claim to own, or if you have a Doubleday book club account/black expressions book club/Doubleday Large Print book club account or anything similar, DISPUTE the authenticity of the account say you never had the account never purchased or recieved any of the items they claim that you had purchased and there is an almost 100% gurantee they will close the account. I would do this for a job every day answering hundreds of in coming calls from debtors and i closed more accounts than i had actually recieved payment on. Most of those accounts are fraudulantly opened in your name in the first place therefore you should not pay and they will gladly close the accounts. They have ZERO leverage over you regarding Fingerhut or Bookclub accounts. Demand it be removed from your credit report because the account was not yours and it will be. NEVER PAY ! ! !

    In regards to having an outstanding debt with a bank such as wachovia, wells fargo, compass bank, washington mutual, am south, fifth third, citizens, bank of america, citibank etc. If the balance is anything lower than $300.00, you should simply dispute the account say you will NEVER pay the account and they will remove it from your credit report, this however will not be removed from chex systems. If you need to have the account removed from chex systems so you can open a new bank account or if your account has been frozen, you most likely need to pay or wait 5 years for the bank to remove you. If you choose to pay offer them something EXTREMELY cheap such as paying only 20-30% of what the origional balance was. They would rather take 30 dollars out of 100.00 then having to take nothing and eat what they paid for the account. NEVER PAY THE PRINCIPAL BALANCE. DEMAND Documentation of the account having had been paid off, a SIF (settled in full letter). After 30 days of having had paid off the acount request a second letter, the clause on the bottom of the letter will indicate that if the funds are returned unpaid the letter is null and void. So you want the letter without that clause incase they re-sell the account to another debt collector.

    If you mention Attourney General, they most likely will be willing to make almost any deal; they get scared when you threaten them with lawsuit.

    [Defamatory statements removed. Please do not use this board to further a revenge agenda. Thank you. --Mod]

    I only had the job to pay the bills for graduate school and I luckily was laid off. I hope my information serves you well.

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