ED Magedson – Founder
ARA Asset Recovery AssociatesARA Asset Recovery Associates, PO 4009, Schaumberg Schaumberg, Illinois United States of America
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/reports/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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