UnThreaded | Threaded | Whole Thread (75) | Ignore Thread Prev | Next
Author: Shirtless1 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308360  
Subject: Re: Capital One Never Stops Date: 4/27/2006 4:00 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I don't get the part about three collection agencies either

I received three letters. I can't remember if it was in serial or in parallel about this $179 debt. It was from 3 defferent collection agencies. I think I have the distinction between collection agencies and credit reporting agencies. I know it's the CA's and not the CRA's that are the bad guys here. One was in PA, One in LA and I don't even remember the third. Kansas perhaps. I assume MCI must have turned this debt over to all three to recover. What the status of this debt as charged off or bought by these agencies is I never knew enough to inquire of. But none of this appeared on my credit report until about 2 months after the third received my letter in February of 2005 (for a spring of 2003 debt). It sounds to me like this debt was just grouped on computer files by MCI as part of their automated unpaid account system and sold in mass to these agencies. If it was duplicated and errantly sold to three different ones or if they are allowed to sell it to three different ones for collection I don't know. I'd kind of like to know myself how and why this happened. It sounds like it was a glitch in MCI's practices all the way around that has me in this mess.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (75) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement