• Report: #886363

Complaint Review: Accounts Receivable Management Inc.

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  • Submitted: Tue, May 22, 2012
  • Updated: Tue, May 22, 2012

  • Reported By: Disrespected — Lexington Kentucky United States of America
Accounts Receivable Management Inc.
Thorofare, New Jersey United States of America

Accounts Receivable Management Inc. Repeated phone calls Thorofare, New Jersey

*Consumer Comment: I could not have said it better.

*Consumer Comment: 100% WRONG!

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Accounts Receivable Management calls repeatedly about an old car loan that I had 4 years ago.  The car was nothing but trouble and I guess that was my fault for not picking a better car.  I told the original creditor that I didn't want the car any longer.  They came and got the car and sold it and charged off the account.  Now ARM ( as far as I know ) has bought the debt from them and calls my house what seems like every day. 

From reading here, I take it that they can't win the battle because I didn't have an account with them.  What steps can I take to keep them off my back?  Also, in what order should the steps be taken?  Any help would be greatly appreciated.


This report was posted on Ripoff Report on 05/22/2012 12:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/Accounts-Receivable-Management-Inc/Thorofare-New-Jersey-08086/Accounts-Receivable-Management-Inc-Repeated-phone-calls-Thorofare-New-Jersey-886363. 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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REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

I could not have said it better.

AUTHOR: Niko234 - (United States of America)

Yes they can and will take nessecary steps to collect the amount owed. Jim is 100% correct, you are on the hook for the balance of that car once it is sold at auction. In fact, I know they sent you a letter explaining that your car was sold at auction. In addition they would have shown an itemized listing of charges plus the balance you owe. It is a legitimate debt that will hold up in court vice what anyone has told you. I suggest you work out a payment plan with them.
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#2 Consumer Comment

100% WRONG!

AUTHOR: Jim - (USA)

Giving up the car in a repo DOES NOT make the balance of the contract go away. If they sold it at auction, you are on the hook for the contract amount minus whatever they got for the car. If they didn't sell it at auction, you are on the hook for the reminder of the payments. If you ignore this, they may sue you, obtain judgement and garnish your wages, if allowed in your state and/or seize bank accounts. The collection agency is either acting on behalf of them or they bought the debt from them. Whoever told you they cannot collect doesn't know what they are talking about. What can you do now? You can start living responsibly RIGHT NOW and make arrangements to pay them and stick to that plan. Or you can decide to live as an irresponsible, welfare type deadbeat. That choice is 100% yours!
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