• Report: #146667

Complaint Review: Merchants Credit Guide

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  • Submitted: Sat, June 18, 2005
  • Updated: Wed, January 18, 2006

  • Reported By:Nashville Tennessee
Merchants Credit Guide
223 W.Jackson Blvd Chicago, Illinois U.S.A.

Merchants Credit Guide Co. Scam letter to fraudulently collect money! Ripoff Chicago Illinois

*Consumer Suggestion: Karen, PLEASE turn off the caps, sit back, relax, and listen!

*Consumer Suggestion: DO NOT LISTEN TO KAREN

*Consumer Suggestion: VALIDATE THE DEBT

*Consumer Suggestion: VALIDATE THAT THE ACCOUNT

*Consumer Comment: AND - DON'T REFERENCE YOUR SSN ON ANYTHING!

*Consumer Suggestion: Disregard KAREN's Advice!! It will cost you!

*Consumer Suggestion: CONTACT THE ORIGINAL CREDITOR - COMPANY OF JUNK DEBT BUYER

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I received a letter from Merchants Credit Guide Co.(a collection agency) dated 6/10/05. It stated I owed their client NCO Portfolio Management Inc (also a collection agency) $9,348.31 form an original creditor CITICORP. However, I have NEVER had an account of any kind with CITCORP. Their claim against me is bogus or fraud!

P.S I wonder if there is some kind of a Long Beach Calif connection in this, as I also lived in Long Beach from 1976-90

Wayne
Nashville, Tennessee
U.S.A.

This report was posted on Ripoff Report on 06/18/2005 10:07 AM and is a permanent record located here: http://www.ripoffreport.com/r/Merchants-Credit-Guide/Chicago-Illinois-60606/Merchants-Credit-Guide-Co-Scam-letter-to-fraudulently-collect-money-Ripoff-Chicago-Illin-146667. 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 7Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Suggestion

Karen, PLEASE turn off the caps, sit back, relax, and listen!

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

Just a few days ago, you were on this site asking for advice on how to handle this issue.

We gave it to you. You got good advice that is just the way it needs to be done, and it does work.

Now, you are on here giving advice that is wrong.

180 days after the 1st delinquency, federal law requires a debt to be charged off.

After a debt is charged off and sold, REGARDLESS of the lies the collector now tells you, They DO NOT represent the original creditor. PERIOD. It is IMPOSSIBLE. They now represent themselves OR the debt buyer who purchased the debt. This is usually one and the same.

You NEVER call a third party debt collector, nor do you EVER answer the phone when they call. For maximum protection of your rights under federal law, EVERYTHING needs to be IN WRITING and sent by certified mail, return reciept requested.

Furthermore, you NEVER for ANY REASON give a third party collector or debt buyer your SS# or DOB. EVER. NEVER. NEVER. NEVER.

Send the debt validation letter by the means above.

Then send the cease communications letter about a week later, or sooner if they are harassing you on the phone. Send this also certified/RRR.

Now, with this done PROPERLY, chances are very good that you will never hear from them again.

Now send dispute letters to all credit bureaus by the same means above.

Now you are done. Very simple.

Good luck.
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#2 Consumer Suggestion

DO NOT LISTEN TO KAREN

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

She obviously knows nothing. You do not need to contact anyone for a debt that is out of the statute of limitations, period! Which, this is of course because you had a BK back in the early 90's, right? That is who they are and NCO are targeting.

Just do what Steve and I told you to do, and you will be fine. Listen to Nancy and you will wind up have this debt (if it was a debt) validated and re-aged, and put on your credit report.
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#3 Consumer Suggestion

VALIDATE THE DEBT

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

IT WILL COST YOU NOTHING TO CONTACT THE ORIGINAL CREDITOR AND VALIDATE THE DEBT.HOW CAN ASKING FOR VALIDATION OF A DEBT AS DISCRIBED BY THE FDCPA LAWS,COST YOU TO LOOSE. HOW CAN YOU WIN IF YOU ARE ONLY STATING (VERBALLY) THAT YOU NEVER HAD SUCH ACCOUNT , YET YOU HAVE NO PROOF IN WRITING TO VALIDATE THAT THERE NEVER BEEN SUCH AN ACCOUNT - IF THIS COMAPNY PUT THIS ACCOUNT ON YOUR CONSUMER CREDIT FILE, AND THEY PROBALLY DID, THEY MIGHT HAVE PLACED IT BASED ON NAME AND ADDRESS. EVEN IF YOU CONTEST THE ACCOUNT TO CREDIT COMPANIES:EXPERIAN, TRANS UNION ,EQUIFAX
YOU MUST HAVE SOMETHING TO SHOW THAT THIS COMPANY IS A FRAUD AND IS BOGUS.

IF THE COMPANY IS STATING THAT THEY ARE COLLECTING FOR THE ORGINAL CREDITOR
CITICORP AND YOU HAVE NEVER HAD SUCH A DEBT WOULD'NT YOU THINK THAT YOU MIGHT BE WITH IN YUR BEST INTEREST TO VALIDATE YOUR POSTION ON LEGAL RECORD. HOW CAN YOU FIGHT WITHOUT SOLD PROOF.
HOW CAN YOU SHOW CAUSE - IN INTENT TO DEFRAUD IF YOU DONT HAVE CORRESPONDANCE SHOWING THAT THE ACCOUNT HAS ACCORDING TO CITICORP DOES NOT EXSIST.

ALL YOU NEED TO REQUEST IS FOR THE COMPANY(CTICORP) TO VALIDATE THE DEBT BASED ON ACCOUNT NUMBER AND ANY INFORMATION PROVIDED BY THE COLLECTION COMPANY(MERCHANTS CREDIT GUIDE) IN REGARDS TO THAT ACCOUNT.

YOU WONT LOOSE , AND IT WILL NOT COST YOU , AS OTHERS HAVE STATED.
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#4 Consumer Suggestion

VALIDATE THAT THE ACCOUNT

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

IN RESPONSE TO THE INDIVISUAL THAT WROTE THE RESPONSE TO MY SUGGESTION, BEING THAT IT IS THOUGHT THAT MY INFORMATION MIGHT POSSIABLY BE WRONG - I MUST FIRST STATE THAT I ALSO HAVE HAVE MERCHANTS CREDIT GUIDE CO.THEY CONTACTED ME IN REGARDS TO AN 20 YEAR OLD BANKRUPTCY ACCOUNT WHICH THEY STATED THAT THEY ARE COLLECTING ON BEHALF OF THE ORGINAL CREDITOR :SGELL OIL.

SO I THEN CONTACTED SHEL OIL, TO VALIDATE THAT THERE IN SOME WAY MIGHT HAVE BEEN SOME TYPE OF COLLECTION MISTAKE , OR TO VALIDATE THAT THIS ACCOUNT IS A BOGUS ACCOUNT.

IT ONLY TAKES MERE FACT TO VALIDATIE THIER POSITION IN REGARDS TO YOUR DEBT.IT CANNOT COST YOU TO CONTACT THE ORIGINAL CREDITOR VIA CERTIFIED MAIL AND SEND THEM A COPY OF THE DEBT COLLECTION LETTER AND ASK THEM TO VALIDATE THIER POSITION. AS IN REGARDS TO THE FDCPA LAWS.

AS IN MY CASE WITH MERCHANTS CREDIT GUIDE CO. I CONTACTED THE ORIGINAL CREDITOR, AND HAD THE ORIGINAL CREDITOR VALIDATE THAT THE ACCOUNT DOES NOT EXSIST.

KAREN , NORWALK
CA USA

IF THE ORIGINAL CREDITOR IS STAING AS IN MINE THAT THEY HAVE NO SUCH ACCOUNT
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#5 Consumer Comment

AND - DON'T REFERENCE YOUR SSN ON ANYTHING!

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

Do not give these scum-bags your SSN for ANY reason.

Like Steve says, write Merchant's a cease and desist letter, telling them you want this debt validated in writing within 10 days of the receipt of the letter. Tell them not to contact you anymore, unless it's to validate the debt with proof, and tell them a copy of this letter was sent to the AG's office in your state.
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#6 Consumer Suggestion

Disregard KAREN's Advice!! It will cost you!

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

Karen has no idea of what she speaks of.

Read prior posts and current info from internet searches.

When dealing with a debt buyer, NEVER contact the original creditor!! They SOLD this debt and now have ABSOLUTELY nothing to do with it any longer. They lost enough time and money on it the first time around! Do you really think they want to waste MORE time and money!

They are under no obligation to! Thats WHY they SOLD it! It was uncollectable. They wrote it off and are DONE with it.

That debt buyer is NOT representing the original creditor. They are representing themselves!!

Go to FTC site or Budhibbs com and get the real facts. There are many good sites out there, just do an internet search.
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#7 Consumer Suggestion

CONTACT THE ORIGINAL CREDITOR - COMPANY OF JUNK DEBT BUYER

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

Contact the orgianl creditor ( and not the collection comapny)and request a verification as to the status of the debt.

Reference your SSN and your address as it was at the time the company has stated that you had the debt was suposiably occured...

Send all correspondance via certified amil, and request that all coorispance be on letter head. When you receive the information uopn return send a copy via certified mail to teh collections company nad request a reaffirmation of accounts status..
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