- Report: #639216
Report - Rebuttal - Arbitrate
Complaint Review: ARA Asset Recovery Associates
ARA Asset Recovery AssociatesARA Asset Recovery Associates, PO 4009, Schaumberg Schaumberg, Illinois United States of America
ARA Asset Recovery Associates ARA Tricked me into paying money on a debt that was passed the statute of limitations. At the time I was not aware there was an outstanding debt as it dated from 1990, they did not acknowledge the mon Schaumberg, Illinois
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On Wednesday September 8th 2010 at 8.54hrs I received a call from a Tammy King, who introduced herself as an Attorney to collect a debt from my wife supposedly on behalf of MBA credit card, for the amount of $8,718.67. Her collection company is ARA Asset Recovery Associates, PO box 4009, Schaumburg, IL 60168-4009 Tel 888 310 1550, Fax 888 315 1550
I identified myself as the husband and asked when the alleged debt was incurred, as I was not aware she had or has had a credit card with a balance of that amount, or comes to that such a high level of credit. The woman replied the debt was incurred in 2004. and she then started running her mouth, I hung up.
A few minutes later, 9.02 she called back. She stated that $5,200 had been paid off the original debt which was $13,918.67. King said, "We are looking for $8,718. 67 which is owed, if you do not pay today, we will open proceedings to obtain a judgment and then put a lien on all your assets, plus make a record on your credit reports.
At the mention of $5,200 a bell rang in my head. I asked whether she was referring to a car that had been returned to seller in 1990. She went quiet for a moment, and then said that is correct. I asked her why she had referred to MBA credit card, no reply. I informed her that I had negotiated a settlement of the debt pertaining to the car for $5200 with a Mr. Green, in July of 2009. I now am aware this was a mistake, because I was not legally obliged to pay because of the statue of limitations on the original debt. I was assured The deal I made with "Mr. Green" By paying $5200 this debt would be wiped out. The company never sent me a receipt or a debt release, despite phone calls requesting same.
Now, fourteen months later ARA are calling me again to ask for the balance of the debt. ARA refuses to acknowledge my explanation I had settled the debt when I paid $5200 .00.
I said, before you do anything more, I would ask that you send me a complete breakdown of all you are alleging, plus confirm the name of the person I spoke to before, and who recorded my $5,200.
After consulting with someone who could be heard in the background, and replied $3,718.67
I asked, Can you not do better than that. Again she told me to hold on.
When she returned she quoted, $2,392.00 as full and final settlement, and would fax a settlement letter to me, but for it to be valid the money had to be paid by 14.00hrs Central Time that day.
I replied I will not pay, as I believed I had been tricked into sending the $5,200 on a promise of the debt being settled and receiving a final release. I considered this new approach was an effort to exhort further monies from us when we had in good faith settled this debt in July 2009 by a telephone negotiation. There is no way I would have parted with $5,200 as a part payment.
I made a mistake, I paid money I did not have to, now I am being harrassed again for money on a debt that was supposedly settled, what are my options now ,please.
This report was posted on Ripoff Report on 09/09/2010 05:09 PM and is a permanent record located here: http://www.ripoffreport.com/r/ARA-Asset-Recovery-Associates/Schaumberg-Illinois-60168-4009/ARA-Asset-Recovery-Associates-ARA-Tricked-me-into-paying-money-on-a-debt-that-was-passed-639216. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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