• Report: #639216
Complaint Review:

ARA Asset Recovery Associates

  • Submitted: Thu, September 09, 2010
  • Updated: Fri, September 17, 2010

  • Reported By: ARA Asset Recovery Associates — San Jacinto California United States of America
ARA Asset Recovery Associates
ARA 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

*Consumer Comment: the next time she ca;;s

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

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. She said I do not know the previous person you mention, we bought this debt from a company "now named" AMB,  they will not give you any information because they sold the debt.. I asked what would it take  settle this debt today?

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.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Click Here to read other Ripoff Reports on ARA Asset Recovery Associates

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

the next time she ca;;s

AUTHOR: Steph - (USA)

If she calls the next time tell her that she has been reported to th FTC.

If the # shows  on caller ID and you have call block use it. If it shows unknown have the phone company tell the caller that you do not take calls from callers that do not show thier #

There is another thing you never give your bank account # to anybody over the phone to be on the safe side you need to close it an reopen it with new#s These collection agencies cannot be trusted they will wipe you account out.

If an agency calls me with that crap I would say I want to see it in writing . If they refuse I hang up on then

Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.