[RacerX]

Hi everyone! I was wondering if I could get some thoughts on this...

I pulled my EQ report and saw an inquiry from a collection agency. I just called them and they said it was an offer for credit (on the report it's listed as an AR) for a charged off debt... I never got anything in the mail though.


Would they have PP for that? I'm opted out... but I don't think that matter much in this case.

Since I never got the offer, I don't know what it involves, but I know it's not a normal visa/mc credit card offer.

But would it be considered PP in regards to collection of a debt?

The rep I spoke with at the CA didn't ask about paying the debt or anything, so I'm not really sure what to make of this all.

I don't know if it makes a difference, but I got a letter from another CA about this debt a month ago, and another one last week, so this pull happened inbetween the two letters.

[jlynn]

[quote=RacerX;39636]
I pulled my EQ report and saw an inquiry from a collection agency.
on the report it's listed as an AR

I don't know if it makes a difference, but I got a letter from another CA about this debt a month ago, and another one last week, so this pull happened inbetween the two letters.

So, some collection agency told the CRAs that they were the holder of an account with you, therefore they had PP. Yet you have been dunned by two other CA's.

Would you mind listing the CA's - it could be they are all part of the same dysfunctional family?

There are still CAs that will offer you a new credit card for an old debt. Your credit limit will be the balance owed. Once you pay it off, then the cc is supposed to work like any other cc (Cap One used to do this alot).

I know I've read where some people have had some positive results with this tactic, but you need to be aware - you are creating a new debt, which means you are starting with a new SOL, and a whole host of other problems.

[hannah]

Originally Posted by RacerX

Hi everyone! I was wondering if I could get some thoughts on this...

I pulled my EQ report and saw an inquiry from a collection agency. I just called them and they said it was an offer for credit (on the report it's listed as an AR) for a charged off debt... I never got anything in the mail though.


Would they have PP for that? I'm opted out... but I don't think that matter much in this case.

Since I never got the offer, I don't know what it involves, but I know it's not a normal visa/mc credit card offer.

But would it be considered PP in regards to collection of a debt?

The rep I spoke with at the CA didn't ask about paying the debt or anything, so I'm not really sure what to make of this all.

I don't know if it makes a difference, but I got a letter from another CA about this debt a month ago, and another one last week, so this pull happened inbetween the two letters.

The rep on the phone probably has no idea. I'd say it is probably correct as a collection AR as stated on your report. The right hand probably has no idea what the left hand is doing...in addition to the fact that some creditors and JDB's farm out to several CA's at a time and may have farmed your account to more than one which as far as I know is legal.

[RacerX]

Drat.. oh well.

The CA that had the account as of last week is Midland... the one that did the pull a couple weeks ago is Genesis Fin. Sol.

Never thought to see if they were connected....

[hannah]

Originally Posted by RacerX

Drat.. oh well.

The CA that had the account as of last week is Midland... the one that did the pull a couple weeks ago is Genesis Fin. Sol.

Never thought to see if they were connected....

Midland is an Encore sub. Don't know about Genesis.

[RacerX]

Doh! This is stupid... I got two debts mixed up. Totally unrelated. I was at work and all the sudden it hit me that I'm a moron. Hahahaha.

I would have posted sooner, but I reformatted my pc and it's taken me a little bit to get everything installed and back working again.


-R