• Report: #139388

Complaint Review: Aspire - Majestic Visa - Fingerhut - Compucredit - Jackson Financial

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  • Submitted: Tue, April 19, 2005
  • Updated: Fri, February 20, 2009

  • Reported By:Little Rock Arkansas
Aspire - Majestic Visa - Fingerhut - Compucredit - Jackson Financial
16 McLeod Road Saint Cloud, Minnesota U.S.A.

Aspire - Majestic Visa - Fingerhut - Columbus Bank - Jackson Financial - CompuCredit RIPOFF Does not send statements calls and tells you that you are late and have to pay by phone Saint Cloud Minnesota

*UPDATE Employee: Failure to understand

*Consumer Comment: Majestic Visa is NOT a rip-off!

*Consumer Comment: Know what you are doing

*Consumer Comment: I am very satisfied with this company

*Consumer Comment: Another Satisfied Customer

*Consumer Comment: No problems here

*Consumer Comment: Yes and No

*Consumer Comment: majestic visa not a scam

*Consumer Comment: I had no problems

*UPDATE Employee: majestic's not so bad

*Consumer Comment: UH SHERRI

*Consumer Comment: ACTUALLY....

*Consumer Comment: ACTUALLY....

*Consumer Comment: ACTUALLY....

*Consumer Comment: UH, KIMBERLY

*Consumer Comment: Fingerhut coming off your credit.

*Consumer Suggestion: Read and Understand - Once the statute of limitations has passed, there is no legal recourse

*Consumer Suggestion: Jenna, Your Ignorance Is Very Amusing

*UPDATE Employee: You people need to read up on the LAW

*Consumer Comment: Sorry, Tom, but many of those 'sob stories" are legit

*Consumer Comment: re age and junk debt, it's illegal

*Consumer Comment: Jenna and Alysa are perfect examples of why JDBs break so many laws

*Consumer Comment: Typical Moronic Response from a COLLECTOR

*Consumer Comment: ACTUALLY, YOU CAN ATTEMPT TO COLLECT

*Consumer Suggestion: "Attempt To Collect" is the key phrase

*Consumer Comment: Sorry Dave but your wrong!!!!

*Consumer Comment: Jenna - Sorry but you are WRONG

*UPDATE EX-employee responds: I CANT BELIEVE YOU!??!! LEGALLY UNCOLLECTABLE

*UPDATE EX-employee responds: I CANT BELIEVE YOU!??!! LEGALLY UNCOLLECTABLE

*UPDATE EX-employee responds: I CANT BELIEVE YOU!??!! LEGALLY UNCOLLECTABLE

*Consumer Suggestion: IT IS A BIG SCAM TO GET YOU TO REAFFIRM OUT OF STAT DEBTS

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Received offer from Majestic Visa to repair credit from old FingerHut charge off. Once you pay off debt they will send credit card but you have to make all payments on time- if two are late then you dont receive card. Sounded like a second chance and it was the only bad mark on my credit report.

Called and talked to representative- said they would mail information. Sent info on credit card guidelines and rules. Waited for statement- never received one. Weeks later rep calls on cell phone and says that if I dont make payment by phone that day then I will be late-
I told them that I had no statement or anything confirming amount owed or anything. Asked if I received a letter about credit guidelines- said yes- claimed they mailed the statement 3 days later- that I must have accidently thrown it away because it did not have a return address on it- I knew that was not making sense.

Reps was totally rude and overbearing. I told them that I was not making a payment via phone and giving them any of my bank info period- further I asked them not to call me until I received an actual statement. Got suspicious and looked up scams on the Internet and found this site.

Decided that it too was a scam. They make sure that you are late on payments by not sending statements and then when they send them they are due the next day or two so they tell you that you must pay by phone (which is extra) or you will be late.

Received a "statement" about 3 weeks later- one day before the due date. Of course they called me and I told them that I was not paying and was having no part of this. They have called my phone every hour from different 800 numbers since then (about 2 weeks). No company that I have ever talked to that was legitimate would have these people representing them if they truly wanted to establish credibility.

The unprofessionalism is what brought up the first red flag. Don't fall for this if you are trying to clear up an old debt- I have a feeling that they would have eventually charged me for later charges, outrageous interest rates and continued harrassment.

Christina
Little Rock, Arkansas
U.S.A.

This report was posted on Ripoff Report on 04/19/2005 09:23 AM and is a permanent record located here: http://www.ripoffreport.com/r/Aspire-Majestic-Visa-Fingerhut-Compucredit-Jackson-Financial/Saint-Cloud-Minnesota/Aspire-Majestic-Visa-Fingerhut-Columbus-Bank-Jackson-Financial-CompuCredit-RIPOF-139388. 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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

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Updates & Rebuttals

#1 UPDATE Employee

Failure to understand

AUTHOR: Rangebird - (U.S.A.)

This is another shining example of how NOT to pay off a debt. First, you need to pay your bill in a timely fashion according to the terms and conditions of the account that you agreed to. Second you need to not be suprised when that account goes into collections or charge off status when you fail to pay your bill. Don't blame Fingerhut for your unwillingness to do either. You were provided with goods, and failed to pay for them. Now, you must deal with the consequences. Fingerhut(and any other company of it's ilk) has the right to the collections process, and those are part of the terms and conditions of the account.

This entire matter could have been avoided had you taken appropriate steps to come to some kind of resolution in setteling your debt to Fingerhut. Keep in mind, when a customers account is very delinquent, Fingerhut will charge off that account, eat the loss, and sell it to an outside agency for collections for whatever is collectable. Once that account is sold to an outside agency, Fingerhut has ABSOLUTELY NO CONTROL as to how that company collects.
Also, you must understand that there is a way to resolve a dispute with a company regarding debt. But, you must first READ YOUR STATEMENTS. Had you done so, you wouldn't be on this site griping about the fact that you ruined your own credit.
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#2 Consumer Comment

Majestic Visa is NOT a rip-off!

AUTHOR: Patrick - (U.S.A.)

I defaulted on 3 of my credit cards in 2002 due to job loss. I had almost 3,000 in debt that I couldn't and DIDN'T pay. Then I received the offer from Majestic Visa to repair and rebuild my credit. I thought it sounded odd but I didn't have any choices left. I didn't want to file bankruptcy so this was the perfect chance for me to get back on my feet.

Majestic Visa offered me the opportunity to make payments which I had to do for A WHOLE YEAR and only then would they send me a credit card with the remaining balance as unsecured credit. I made EVERY payment on time and exactly one year later I received my Majestic Visa card in the mail with the remaining balance as unsecured credit just like they'd stated in their offer letter.

I mean, come on - we're rebuilding credit. You can't miss a payment or be late and expect to get the card! It states that specifically in the letter you receive. I have no idea what all these rip off reports for Majestic Visa are. I've had my card now for more than 3 years and my credit limit as doubled as I've made payments.

Majestic Visa was the ***ONLY*** credit card that took a chance on me and was the FIRST card that allowed to me rebuild my credit. And yes, they DO have a website. https://www.majesticcard.net/en/loginaccount.jsp
That's the address where I make all my monthly payments.

It's a real company and a real card. And it's still the major one I use even though since then I've gotten 3 more credit cards all BECAUSE Majestic Visa helped me rebuild my credit.
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#3 Consumer Comment

Know what you are doing

AUTHOR: Robert - (U.S.A.)

As mentioned here before every state in the US has a statute of limitation on the collection of debts. Wisconsin is six years. After this has expired you still owe the debt but there are no legal means collectors can use to collect. Most legitimate businesses sell the debt long before this, to companies that try to collect it within the statute of limitations. They pay a percentage of the debt to the original company, typically 5 to 10 per cent, and try to collect the full amount. The original company is out of the picture now. The purchasing company usually acts within the law and tries to get the money, they need to succeed in 1 out of 10 or so to turn a profit.

Once the statute of limitations expires the bottom feeders take over, they buy the debt at 5 to 10 percent of what the previous company paid. Yes, a penny on the dollar or less, and try to collect the debt. They have no legal means to enforce the collection, but they need to convince the debtor that they do, and hence the beginning of the lies. There are no legitimate businesses at this level. This is Compucredit's area. Trickery and lies are their lifeblood. They try to get the debtors to reaffirm the debt to start the statute of limitation clock over.

Don't even think of talking to these people. Get copies of your credit reports and DISPUTE the debt, and continue to dispute the debt. It will eventually be removed, but it may take several attempts. Be diligent, if it comes back dispute it again. The only thing a credit bureau can respond to is a dispute, don't waste your time doing anything else. Once you file a dispute the credit bureau *must* either verify the debt or remove it within 30 days. This is the law. And send a "cease and desist" letter to Compucredit. Make sure it's certified. If they ignore the "cease and desist" file a complaint, they are in violation of the Fair Credit Act.

Just a quick note about reaffirming - DON'T - if you do it will keep the bad credit on your report for another 7 years! Yes, it will hurt you to pay these bottom feeders. It will ding your credit and it will continue to do so for 7 years. Everyone will see repayment of bad debt on your report. DON'T DO IT.
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#4 Consumer Comment

I am very satisfied with this company

AUTHOR: Deborah - (U.S.A.)

I to had run into credit problems in the past, like many people I was issued credit cards when I was in my late 20's. I did use them too much but did make my payments. Then medical problems with my son soon got me into trouble. A single mom with no insurance and a child that had to have surgery. So I let my credit cards suffer and soon stopped paying them all together and my credit was shot. I

n February 2006 Majestic sent me a letter saying that they had bought my $800.00 Fingerhut Debt. Their deal was that I would pay $37.00 per month and when I had paid off half my debt they would send me a Credit Card with $439.00 credit. Each time I made my payment on time I would get a special credit of the same amount on my balance. So I was getting double credit for my monthly payment.

When I paid off half the debt they sent me the card just like they said they would. They also reported my Fingerhut debt paid to the Credit Bureau. The thing is they were trying to help me payoff some of my old debts and clean up my credit report. I have entered into the same kind of deal with other Credit Card companies that bought some of my old debts and I paid them all on time and they are now all paid off. Some of these companies were only asking for $10.00 per month.

I hate to hear that some people have had problems with Majestic. Yes the phone calls came too often and I just stopped answering. I knew (whether I recieved a bill or not) that my payment was due on the 5th of every month. I would call them when I was ready make a payment over the phone (Which they did not charge extra for) my payment was posted that day.

When I got my Visa card the remaining balance was transferred to that account and I am still making payments and using my Visa Card and they only charge me interest on new purchases. The end result for me is that without these companies helping me out I would not have been able to get these old debts paid off or clean up my Credit report and raise my credit rating. I was finally able to buy my first home in December.

I am very Satisfied with Majestic. They did everything they said they would do for me.

Deborah
Edinburg, Texas
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#5 Consumer Comment

Another Satisfied Customer

AUTHOR: Kirin - (U.S.A.)

I was offered the same solution to "MY" Fingerhut "DEBT" by Majestic and am very satisfied. I payed them as "I AGREED" and after 8 months received my card and the $300+ credit to "MY DEBT". The origianl agreement was made through Jefferson Capital who would, on a monthly basis, call me and remind me my payment was going to be due in two weeks. Yes, this was annoying, but all I had to do was explain to them that I was fully aware of the payment and would call them to make the payment prior to it being due. Not once did they charge me for a phone payment and I payed this way every month. To be completely honest their annoying phone call payed off one month because I would have forgot to pay on time due to life circumstances. I also politely asked them to stop calling every month to remind me of my payment seeing as how I made two payments one month so as not to miss any payments and forfeit the credit. They noted my account and I never heard from them again. A little FYI to all the other fellow Majestic customers, they do have a website where you can pay your monthly bill at no charge www.majesticcard.net

I too have neglected some of my debts in the past but learned from my mistakes and the daily phone calls. It is wonderful to answer your phone without checking the Caller ID or waiting for the machine to answer. If everyone put as much effort into "PAYING" their bills as they did looking up all the laws on how to get away with "NOT PAYING" them, then you wouldn't have to worry about complaining on the internet, about the situation you created for yourself, by neglecting to pay "YOUR DEBTS". Don't give them a reason to call you every hour, pay your bills! And why is a person who has the "greatest credit score in the world" waisting there time even looking at this page?
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#6 Consumer Comment

No problems here

AUTHOR: Scott - (U.S.A.)

I have had no problems with Majestic. I went through one of their programs, in which they "bought" my delinquent account from another CC company. I paid it down for 5 months, and they sent me a CC before I made my 6th payment. I haven't used that card, and I continue to pay down the balance. I've been with them for over a year, and yes...there was once that I was late and they called. They weren't overbearing and uncooperative. They worked with me and made arrangements with me.

From my experience, if you pay on time, or if you are late, don't avoid talking to them...and there won't be a problem. I haven't had one problem yet, and I have been with them for over a year.

At any rate, wouldn't you call and check up on someone that owes you money and are late in getting it to you? Think about it that way.

As with all debts you should pay on time(I learned that the hard way!). But I for one, am glad there are companies out there that will work with you if you run into a bump in the road.
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#7 Consumer Comment

Yes and No

AUTHOR: Jake - (U.S.A.)

Many things said are true, some aren't, and some are matters of opinion. I believe the general consensus is that this is not a scam.

Yes, if your debt is older than four to six years, you are not obligated to pay it. But unpaid debts are a blemish on your credit report (although admittedly it would be worse to start to pay an expired debt and then stop) and, theoretically, a creditor can still sue you for out-of-statute debts. You can easily avoid being convicted of any charges, but there is no golden barrier that prevents these lawsuits from making it to court. So it's possible that you could have to show up in court to make the claim that the debt is out of statute. This rarely happens, but it's something to consider.

How do companies like CompuCredit work? They buy portfolios of thousands upon thousands of delinquent accounts (sometimes very large debts) for mere pennies and attempt to collect. This company in specific accomplishes this by offering credit cards, usually initially carrying the full balance of the debt, to consumers to allow them the convenience of a credit card while simultaneously getting out of debt. This is a sincere service. The company, to ensure profitability does take certain measures to milk the debtor of as many funds as possible. For instance, they may cease sending statements via mail without notice and they will certainly have excessive fees associated with the use of the credit card (according to one consumer in another report in this site, one of the card's fees and APR are so high that if you simply leave the zero-balance card in your pocket for a year, you will be over your credit limit). But this is the cost of the service provided. The way the company sees it, they are taking a risk on YOU, so they can justify the measures they take to ensure their survival.

Essentially, CompuCredit goes fishing for debtors willing to clean the proverbial slate, and when they get a bite, they make the debt-fish jump through flaming hoops before they put it back in the pond of debt-free consumers. And CompuCredit has a very nice lure in that they offer an incentive to pay the debt - the ability to have and use a credit card, an option not in the cards for most debtors whose accounts are not owned by this company (other companies may simply use excessive letters, phone calls, or even borderline threats to collect on the debt).

In order to not get screwed by the deal, you do have to be a wary consumer. In general, they make their money on undereducated consumers who don't know they have any options at all. It could be argued that the way this company works is immoral. But it could also be argued that borrowing money and never paying it back is immoral; in many cultures today and even in the early days of America, this was the case.

So when CompuCredit buys your account, you have two options: you can refuse to acknowledge the debt and move on with the poor record or you can accept their offer, navigate the conditions wisely, and clear up the debt and improve your credit score while enjoying the convenience of a credit card the entire time. And there's always the possibility that the company will bargain with you, because any money you pay them is essentially all profit. They'd rather you give them a tenth of your debt and close the account than you give them nothing at all.
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#8 Consumer Comment

majestic visa not a scam

AUTHOR: Sarah - (U.S.A.)

I'm sorry to hear that a lot of you had a bad experience with this company, but the company in general did me a lot of good. Same story...bad debt, they call and offer to pay it off without extra interest, and I get a credit card. What's the problem? I had the debt, and I paid it. It has been 4 years, and I still use the card (and pay on time). They lowered my interest rate after a year which is now better than my other cards.

My point is this- my cell phone company, utility company, and my cable company are all guilty of not sending my bill in a timely manner. I, as an adult, have learned to pay my bills before they are due. If something happens and I don't get a bill, I CALL THEM AND ASK HOW MUCH I OWE. Legally, that is the responsibility of the consumer. I understand if you just don't have the money, I've been there. Some credit card companies offer credit protection for an extra fee per month which defers your payments for up to a year in emergency situations (i.e. lay-offs, injuries, etc.).
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#9 Consumer Comment

I had no problems

AUTHOR: Ange - (U.S.A.)

I actually have to defend a credit card company - imagine that!

I signed up for one of their programs, because I had a credit card a few years back that got out of hand due to an ex. So I made my payments (in most cases over the required amount of 23$ - certainly nothing to break the bank), and they mailed me a card when they said they would, and chopped off the amount of my original debt that they said they would.

Here's my advice to everyone: when you get credit, make sure you don't buy more than you can afford. Treat it like cash, and you will be fine.

I do have to say one thing, however. The phone calls are a bit much. I finally had to change my number because they were just calling too much. Send me a statement, I will mail you a check. It's that simple. No need to call me at dinner time. I was never late with a payment, so really, there should have never been a reason to call me.

That's my only complaint!
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#10 UPDATE Employee

majestic's not so bad

AUTHOR: Tamara - (U.S.A.)

You all have interesting opinions on this company. When it really comes down to it majestic will ALWAYS work with you if you just work with them. we dont collect on the accnt until the consumer gives us permission. if they pay their portion of the balance transfer program they are rewarded with the card at 0% balance transfer. no annual fee, no obligation. just pay off the remaining bill. its that simple. i guess im not on either side of the fence here and can see where each of you are comming from. But if you think making a payment when you feel like it is ok and then get mad at us for charging a late fee.....well duh. its pretty common sense. and the whole out of statute argument......if you signed up to get the card thru the balance transfer..you gave us permission to collect on the debt
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#11 Consumer Comment

UH SHERRI

AUTHOR: Kimberley - (U.S.A.)

I am responding to : Sherri - Piedmont, California
U.S.A. "Being that I have an 800+ FICO, a million dollar mortgage and great credit"

I think its fabulous that you have a great FICO score and million dollar mortgage. It is obvious that you are doing well for yourself, try to rub it in a little more to the other folks that aren't I am sure you are making your self feel like a million bucks!! As for the Majestic CC. At the end of the month when the balance is 0, I am closing the account so I don't have to worry about them in 6 months. Thanks for reading my replies...

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#12 Consumer Comment

ACTUALLY....

AUTHOR: Donald - (U.S.A.)

most of you are right and wrong... jenna is most right.. here's the deal...

the collection world is changing. agencies have found many ways to to re-stat accounts - LEGALLY. it is not illegal to collect on out of stat paper... it is not illegal to pay on out of stat debt... so, if someone can convince someone to pay for out of stat or put it on another charge account with the sale of "fixing" credit, thereby being able to sue it when it defaults, sorry debtors, part of the game... is it right? i think not. but legal? yes. the reason this works is most people want to own up to debts they've made and this seems plausible... unfortunately, it is that very idea that is wrong. the good people that with good intent enter into another 7 year binding contract with a creditor because they want to do the right thing while the educated-evasive debtor hides behind law, never intending to pay back what they owe. so who gets screwed??? not the collection agencies... not the deadbeat debtors... the one's that had something really bad happen to them and couldn't get out of it. shame ...
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#13 Consumer Comment

ACTUALLY....

AUTHOR: Donald - (U.S.A.)

most of you are right and wrong... jenna is most right.. here's the deal...

the collection world is changing. agencies have found many ways to to re-stat accounts - LEGALLY. it is not illegal to collect on out of stat paper... it is not illegal to pay on out of stat debt... so, if someone can convince someone to pay for out of stat or put it on another charge account with the sale of "fixing" credit, thereby being able to sue it when it defaults, sorry debtors, part of the game... is it right? i think not. but legal? yes. the reason this works is most people want to own up to debts they've made and this seems plausible... unfortunately, it is that very idea that is wrong. the good people that with good intent enter into another 7 year binding contract with a creditor because they want to do the right thing while the educated-evasive debtor hides behind law, never intending to pay back what they owe. so who gets screwed??? not the collection agencies... not the deadbeat debtors... the one's that had something really bad happen to them and couldn't get out of it. shame ...
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#14 Consumer Comment

ACTUALLY....

AUTHOR: Donald - (U.S.A.)

most of you are right and wrong... jenna is most right.. here's the deal...

the collection world is changing. agencies have found many ways to to re-stat accounts - LEGALLY. it is not illegal to collect on out of stat paper... it is not illegal to pay on out of stat debt... so, if someone can convince someone to pay for out of stat or put it on another charge account with the sale of "fixing" credit, thereby being able to sue it when it defaults, sorry debtors, part of the game... is it right? i think not. but legal? yes. the reason this works is most people want to own up to debts they've made and this seems plausible... unfortunately, it is that very idea that is wrong. the good people that with good intent enter into another 7 year binding contract with a creditor because they want to do the right thing while the educated-evasive debtor hides behind law, never intending to pay back what they owe. so who gets screwed??? not the collection agencies... not the deadbeat debtors... the one's that had something really bad happen to them and couldn't get out of it. shame ...
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#15 Consumer Comment

UH, KIMBERLY

AUTHOR: Sherri - (U.S.A.)

Being that I have an 800+ FICO, a million dollar mortgage and great credit, I don't think I need your advice about paying my bills on time or reading up on credit repair. Come back in six months and tell us if you still think Majestic Visa is a good deal. Somehow, I don't think you'll feel the same.
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#16 Consumer Comment

Fingerhut coming off your credit.

AUTHOR: Kimberley - (U.S.A.)

I am responding to : Sherri - Piedmont, California
U.S.A. "Fingerhut doesn't get a penny and it does not come off your credit, while the bottomfeeders get to use your money. GREAT deal...for them.: I myself have applied for this services with Majestic Visa, I have not had a problem yet with this service. I have learned that when they call, I call them back right away tell them my payment is being sent and they do not call until next month. As for Sherri from CA comment. I contacted the Credit Bureau and the deleted Fingerhut from my credit report, so that is one more negative items that has been deleted. I recommend paying your bills ontime as well as reading about credit reapair.

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#17 Consumer Suggestion

Read and Understand - Once the statute of limitations has passed, there is no legal recourse

AUTHOR: Alesia - (U.S.A.)

The Statute of Limitations on Open Accounts in the State of Minnesota is 3 years from the date at which time the items on the account became due and payable,(MCA 15-1-29 & MCA 15-1-31). The time frame for the item to remain on your credit report is 7 years plus 180 days.

Once the statute of limitations has passed, there is no legal recourse (legally that is). That does not mean to say that a company cannot still sue (or try other means of collecting)the unpaid debt; however, the chance of recovery is 0. Reason being: the statute of limitations has passed.

Jena and Alysa - ignorance is bliss and the two of you should be blissfully happy. To make the statements you have without any merit. I concur, one should not believe everything you read on the Internet (thus a pretty good reason not to believe what either of you have said); however, go to any library and you will probably be able to find information regarding the fair credit act (reporting & collections) as well as information regarding statute of limitations on debts. Yes they really do exist.

If you create debt for yourself you should be willing to repay the debt. Unfortunately, bad things happen to good people. For those people who have run into financial difficulties through no fault of their own (medical expenses, loss of job, etc.) they should not be treated as if they are less than zero. They still deserve to be treated with respect and dignity. Thus the reasons there are laws in place to prevent companies from hounding people for debts that are ten, twenty years old. Sorry for those of you who don't like the laws, that is the way that it is. Got to love the Good Old U.S.A. Everyone deserves a second chance. So Jenna and Alysa before you began to make like Mount St. Helen again - know your facts.
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#18 Consumer Suggestion

Jenna, Your Ignorance Is Very Amusing

AUTHOR: S.n. - (U.S.A.)

I hate to be the bearer of bad news, but JDB's DO attempt to re age debts and do attempt to put them back on credit reports. They also attempt to sue for out of statute debts and they do attempt to threaten and intimidate people. The problem for you collectors is that now the citizens can get their free credit reports yearly AND take steps to ensure that these JDBs don't get away with their illegal tactics. Your rants and raves are typical of a JDB and why so many are being put out of business.
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#19 UPDATE Employee

You people need to read up on the LAW

AUTHOR: Jenna - (U.S.A.)

http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm
This is the full text of the Fair Debt Collection Practices Act.

I strongly suggest you read through this. Do you seriously think that you can charge up a debt for 50,000 or any amount of money and wait for 7years, then it just goes away?! You are insane, yes, after the statue of limitations you cannot reposess, garnish wages, or take the case to court. But, that doesn't mean the debt is magically up on smoke. You still owe that money. Oh, and another thing, when you have an out of statute account and you pay on it, it doesnt poof back on your credit report. If you dont pay on an acct for 3yrs and pay, yes the clock starts over. But once something is off your credit report it can never go back on.

Have you listened to yourself, you are trying to find an excuse any way you can not to pay something you should have paid in the first place. Say you bought a dress with that credit card that is charged off. So if you dont pay for that for 7years, the dress is free?? And you come to this site and complain away to people, who like you make excuses until your face is blue.
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#20 Consumer Comment

Sorry, Tom, but many of those 'sob stories" are legit

AUTHOR: Donna - (U.S.A.)

Tom, I have been in the position where I was the one with the so-called "sob" story. I was out of work with a spinal disorder (not a herniated disk - something quite different) for over 7 and a half months. I did receive state disability insurance but it was only about half what I usually make, plus I was required to pay my own medical insurance to the tune of $300/month after the initial 13 weeks.

When I tell you money was scarce in those months, I am not kidding. I kept my mortgage paid and the car payment (since I needed a car to go to MDs, PT, etc - the public tranportation here is almost non-existent) and managed to buy food but not a lot else.

Needless to say my credit cards and other bills became delinquent. I tried to be pro-active and call these people (MBNA and Fleet) and let them know what had happened and they simply were not willing to understand. Because I was out with a spinal problem the MD had to send in a new form every month to TDI which meant the checks would often come late, as much as one month with no check at one point - then maybe you would get two or three. The companies insisted on either a post-dated check which may have bounced higher than a kite if I had not received my TDI or they would try to get me to pay by phone for a "small" fee of 20-30 bucks. Believe me, when you are scrimping for every penny that is not small.

I finally had surgery and when I came home these two companies then doubled the harassment, I guess to make up for the days I was in the hospital. I was called lazy, irresponsible, a dead-beat and every other insult. My only sin was to develop a spine problem so serious I literally could not stand for more than a few minutes at a time.. .and I am a nurse. Try working like that!

I am happy to report that I have been back at work for over 3 years, have cleaned things up, my mortgage is paid off and things are good. The humiliation to which I was subjected by the card companies was dehumanizing and unnecessary and has only served to make me firmly believe that the government needs to crack down on these companies who are making a fortune off consumers and then when things go bad, they treat them as pariahs. As they say, you get more flies with vinegar than honey and when I was getting things caught up I started with the debts where I had not been subjected to verbal abuse by the companies.

Right now my father is seriously ill and has no assets to pay his credit cards as they are going to pay for nursing home care. I could actually pay them myself but because they involve companies such as Aspire who have gone out of their way to harass ME - and I owe them nothing - I will not pay the debts. They can rot in Lucifer-Land for all I care. They are as low as the Bin Ladens and Hitlers of the world.

Perhaps others out there feel that way as well. Next time a creditor is abusive they may be abusing the same person who could pay off someone else's debt in a few years but chooses not to because of the way they were treated when things were bad for them.

I know there are deadbeats and people who deliberately seek to run out on their obligations but most of us simply had some bad luck and should not have to endure the abuse of debt-collectors who think everyone is lying. Many of the "legal" but reprehensilbe tactics need to be outlawed and the government needs to clean up the credit card industry starting with companies such as Aspire.
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#21 Consumer Comment

re age and junk debt, it's illegal

AUTHOR: Tom - (U.S.A.)

hi gang :

my name is tom and i have been a collector for 16 years.

It is illegal to 're age ' a debt. the courts have been over it 1000 times. The new 'creditor' ie agency - claims its a 'new' debt to THEM so they can list it as new loss. However it is NOT new debt to the DEBTOR -as the claim in the first place was the originating act or contract -and that date never changes.

I have no idea what this 'junk debt ' horse shit is - in all my time as a collector i have never ever asked to collect any stat or banko discharged debt. I dont care if they gave me 100% commission on it -its immoral and unethical.

The whole point of credit in the first place is risk by the lender -and the fees are adjusted accordingly. If the stupid debtor can hide or otherwize live with horrible credit for 7 years and avoid being litigated -then that is enough.

You cant keep hounding someone their whole lives. Let it go. Believe me, the debtor has paid for it with 7 years of phone calls, letters, wrecked credit. When all is said and done -they would have better off to pay the damn thing.

On the other hand however, legal debt owed should be paid. Like the previous author, i agree that my experience has shown that as a whole, debtors think they ar the 'victim' when a collector is just trying to get them to pay what they should have paid a long long time ago but instead selfishly deked out.

And yes, they come up with elaborate exuses every step of the way like its OUR RESPONSIBILITY to 'cut them slack ' year after year until whenever they feel like they are in a position to pay. I tell you the truth . Most debtors honestly BELIEVE their exuses are real and the exception to the rule.

I sure wish i could treat my mortgage company and the IRS Like that. In fact - i should never pay my bills. All i have to do is convince myself i am the 'victim' and i will damn well pay when i please cause i am armed with all kinds of exuses that have nothing to do with the creditor.

I am now a mortgage professional and probably would never go back to collections. Its too depressing dealing with the bs and sob stories.
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#22 Consumer Comment

Jenna and Alysa are perfect examples of why JDBs break so many laws

AUTHOR: Eric - (U.S.A.)

Jenna and Alysa are perfect examples of why so many junk debt buyers break the law every day. These companies hire people off the street, hand them a telephone, hand them their "company policy" and send them on their way to harass consumers.

Jenna and Alysa, you can not hound a consumer until they die. You can only legally collect a debt while it is still in statute. For example, if I defaulted on a credit card account, here in VA you must sue me in court within three years. After that, if you call me and threaten to sue me, you have violated the FDCPA and I can walk into federal court and sue you.

Although you didn't mention this part, the most sleazy part of the JDB business is playing with the dates and type of accounts, and putting them back onto a consumer's credit report as an "open" or "factoring" account. This is highly illegal, and will subject you to federal suit under the FCRA. Because you bought a ten year old debt doesn't mean you can tell the credit bureaus that you opened an account for the consumer last year and place negative information on their reports. There are thousands of federal lawsuits pending right now against the JDBs for doing just that. You manage to intimidate consumers who don't know their rights doing this, but it's obvious you run into enough who know better.
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#23 Consumer Comment

Typical Moronic Response from a COLLECTOR

AUTHOR: Dave - (U.S.A.)

Alysa - I think YOU need to read the laws as stated in the FDCPA -fair debt collection practices act- and the FCRA -fair credit reporting act.

There IS a statute of limitations on debts, and I am not talking about Credit Reporting, I am talking about the acutal debt. NOBODY HAS THE RIGHT to collect a debt after the statute has run out. They can try, but legally cannot collect. You MUST be a collector, or you wouldn't have made such an idiotic statement.
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#24 Consumer Comment

ACTUALLY, YOU CAN ATTEMPT TO COLLECT

AUTHOR: Sherri - (U.S.A.)

However, you CANNOT threaten garnishments, lawsuits, arrest, etc. if the action cannot legally be taken. After the Statute of Limitations runs out, you can ATTEMPT to collect and if someone is stupid enough to give their money to a junk debt buyer, especially when it will not go to original creditor or clear their credit, so be it. Problem is that junk debt buyers and the collection agents who love them DON'T tell people that..they will tell them anything in the world to earn that commission.

Do you tell them that by making payments to a JDB that they start the clock on the SOL? Do you tell them that many JDBs cannot verify the original debt and that they are UNDER NO LEGAL OBLIGATION to pay on out-of stat paper? No? Didn't think so.
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#25 Consumer Suggestion

"Attempt To Collect" is the key phrase

AUTHOR: S.n. - (U.S.A.)

Any bottom feeder collection agency can "attempt" to collect, however, that does not make it legal and since most of these collection clowns use threats and intimidation in order to collect debts that have passed the statute of limitations, they are the ones who end up breaking the law.

If I were the two credit bureau clowns posting here, I would look up the time frame for debts in every state of the union...which is quite easy to find online. Then make sure you aren't breaking the law when you "attempt to collect" on "old debts".
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#26 Consumer Comment

Sorry Dave but your wrong!!!!

AUTHOR: Alysa - (U.S.A.)

There are no statute of limitations on debts. As far a "7 years & in some states 4 years" is concerned...A charge off or any bad debt shows on yur credit report for 7 years just because it is not reflected on your report after 7 years does not mean a company can not attempt to still collect. You really should read up on these things before you are so quick to talk about something you apparently know nothing about.
Have a nice day!!
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#27 Consumer Comment

Jenna - Sorry but you are WRONG

AUTHOR: Dave - (U.S.A.)

There are statute of limitations on all debts. Usually it's 7 years, but some state are as low as 4 years. But you already should know that if you are in the collection business!

Get your facts straight before ripping on somebody. Just because you're one of the 'bottom feeders' doesn't give you the right to hack someone to pieces. Look at all the reports on this sight regarding collection agencies, especially FINGER HUT, then try to convince us that there is no scam... Then read all the credit card scams and convince us that everything is legit. You need a lesson in life Jenna, and I sincerely hope one day you get what you deserve!
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#28 UPDATE EX-employee responds

I CANT BELIEVE YOU!??!! LEGALLY UNCOLLECTABLE

AUTHOR: Jenna - (U.S.A.)

LEGALLY UNCOLLECTABLE???? Do you even know long the statute of limitations is??? I didn't think so... You will die before your bad depts are past the statute of limitations. You are ignorant in saying that.

Second of all, you were contacted before the payment would have been late and you did recieve a welcome letter, but exactly how many times do you let the phone ring and ring and not call someone back when they are debt collectors?!?! Yeah alot huh! me too, everyone! So you didnt answer them so you were late!! DUH!!

And every hour???? what?!?! The phone calls are on a "dialer" which is automatic and NEVER NEVER NEVER calls someone once an hour, you think you are the only one they call??

They have thousands of accounts and dont have even close to enough time to call you every hour, the dialer cycles through calls and it is impossible for it to get back to your # every hour!!!

This is NOT A SCAM IT IS A LEGITIMATE COMPANY WITH HIGH REGARD FOR CUSTOMER SERVICE, I WAS THERE AND THEY ARE TRULY TRYING TO HELP, WHEN I STARTED THERE I THOUGHT THEY DIDNT.

BUT I WAS SUPRISED BY THE AMOUNT THEY REALLY DO WANT TO HELP. AND DO!!!!!!!!!! so if you passed up this offer you screwed yourself, i wish someone would offer me this offer to me if i were in your situation. you were ignorant. DO YOU BELIEVE EVERYTHING ON THE INTERNET!???????
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#29 UPDATE EX-employee responds

I CANT BELIEVE YOU!??!! LEGALLY UNCOLLECTABLE

AUTHOR: Jenna - (U.S.A.)

LEGALLY UNCOLLECTABLE???? Do you even know long the statute of limitations is??? I didn't think so... You will die before your bad depts are past the statute of limitations. You are ignorant in saying that.

Second of all, you were contacted before the payment would have been late and you did recieve a welcome letter, but exactly how many times do you let the phone ring and ring and not call someone back when they are debt collectors?!?! Yeah alot huh! me too, everyone! So you didnt answer them so you were late!! DUH!!

And every hour???? what?!?! The phone calls are on a "dialer" which is automatic and NEVER NEVER NEVER calls someone once an hour, you think you are the only one they call??

They have thousands of accounts and dont have even close to enough time to call you every hour, the dialer cycles through calls and it is impossible for it to get back to your # every hour!!!

This is NOT A SCAM IT IS A LEGITIMATE COMPANY WITH HIGH REGARD FOR CUSTOMER SERVICE, I WAS THERE AND THEY ARE TRULY TRYING TO HELP, WHEN I STARTED THERE I THOUGHT THEY DIDNT.

BUT I WAS SUPRISED BY THE AMOUNT THEY REALLY DO WANT TO HELP. AND DO!!!!!!!!!! so if you passed up this offer you screwed yourself, i wish someone would offer me this offer to me if i were in your situation. you were ignorant. DO YOU BELIEVE EVERYTHING ON THE INTERNET!???????
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#30 UPDATE EX-employee responds

I CANT BELIEVE YOU!??!! LEGALLY UNCOLLECTABLE

AUTHOR: Jenna - (U.S.A.)

LEGALLY UNCOLLECTABLE???? Do you even know long the statute of limitations is??? I didn't think so... You will die before your bad depts are past the statute of limitations. You are ignorant in saying that.

Second of all, you were contacted before the payment would have been late and you did recieve a welcome letter, but exactly how many times do you let the phone ring and ring and not call someone back when they are debt collectors?!?! Yeah alot huh! me too, everyone! So you didnt answer them so you were late!! DUH!!

And every hour???? what?!?! The phone calls are on a "dialer" which is automatic and NEVER NEVER NEVER calls someone once an hour, you think you are the only one they call??

They have thousands of accounts and dont have even close to enough time to call you every hour, the dialer cycles through calls and it is impossible for it to get back to your # every hour!!!

This is NOT A SCAM IT IS A LEGITIMATE COMPANY WITH HIGH REGARD FOR CUSTOMER SERVICE, I WAS THERE AND THEY ARE TRULY TRYING TO HELP, WHEN I STARTED THERE I THOUGHT THEY DIDNT.

BUT I WAS SUPRISED BY THE AMOUNT THEY REALLY DO WANT TO HELP. AND DO!!!!!!!!!! so if you passed up this offer you screwed yourself, i wish someone would offer me this offer to me if i were in your situation. you were ignorant. DO YOU BELIEVE EVERYTHING ON THE INTERNET!???????
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#31 Consumer Suggestion

IT IS A BIG SCAM TO GET YOU TO REAFFIRM OUT OF STAT DEBTS

AUTHOR: Sherri - (U.S.A.)

This is a new scam that many of the bottomfeeder collection agencies are pulling in order to get you to reaffirm an old debt that is legally uncollectable, as the statute of limitations has run out. They tell you that if you pay off said account, you get a new Visa or Mastercard. And by paying anything, you have reaffirmed the debt and started the clock ticking again on the statute of limitations.

Paying this would not have cleared your credit, as the bottomfeeders are the only ones who get any benefit from your money. Fingerhut doesn't get a penny and it does not come off your credit, while the bottomfeeders get to use your money. GREAT deal...for them.
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