ED Magedson – Founder
ELAN Financial ServicesSt. Louis, Missouri USA
ELAN Financial Services Took payment on a sold account and sent the payment to a collection agency St. Louis Missouri
I was paying off a charged off credit card. Sent a check to ELAN for the full amount in May 2013. Heard nothing from them until August. They sent me a letter saying they had no rights to the account as of Feb 2013 when they sold the account to Portfolio Recovery. Few days later I get a letter from Portfolio showing a balance of a penny $0.01 on my account. ELAN had taken the payment they said they had right to and sent it to the collection agency they sold the account to. I have filed a Consumer Financial Protection Complaint and a complaint with the Atty General's office in MO.
This report was posted on Ripoff Report on 09/09/2013 07:47 AM and is a permanent record located here: http://www.ripoffreport.com/reports/elan-financial-services/st-louis-missouri-63166/elan-financial-services-took-payment-on-a-sold-account-and-sent-the-payment-to-a-collecti-1082876. 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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