• Report: #587743
Complaint Review:

Receivables Performance Magement LLC RPM

  • Submitted: Wed, March 31, 2010
  • Updated: Mon, October 18, 2010

  • Reported By: Terry — Plattsburgh New York United States of America
Receivables Performance Magement LLC RPM
20816 44th Ave W Lynnwood, Washington United States of America

Receivables Performance Magement LLC RPM Receivables Performance Management What a scumbag company to deal with Lynnwood, Washington

*Author of original report: Case Dismissed w/ prejudice

*Consumer Comment: The 1099C thing is sometimes the best deal!

*Consumer Suggestion: CALLS MAY RETURN...TAPE THEM ...be proactive and research

*Author of original report: Update

*UPDATE Employee: Collection agencys

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What a bunch of sleazebags to attempt to resolve a credit problem. From the other postings, I see I'm not alone.

I owe money on a credit card, yep, I do. But seeing as how 80% or more of my balance is late fees, over limit fees, 30% interest charges all brought on by unemployment and disability, I don't intend to pay the full amount, simply because I can't unless the lottery is kind to me. I have attempted a settlement offer with these jerks and they keep saying their client "won't accept that offer". Well, how the hell do they know unless they inform the client which they don't appear to do. All they are interested in is hearing that I will pay the full amount which ain't gonna happen. The original card holder HAD agreed to my offer of actually $500 LESS than what I am proposing but I couldn't manage the payments at that time so they apparently sold it to Main Street Acquisition Group who turned it over to RPM for collections.

My beef here is: they are rude, aggressive, don't have any intention of doing a partial settlement, refuse to stop calls despite requests to do so, make threats of how the sheriff is coming to toss me out and seize all my assets, etc.

My somewhat eloquent solution is to swear like a sailor at them and hang up.

Next step is seeing my lawyer later this week and sending them a creative letter of our own. I am posting this here to tell others that I will be updating this post so that others can see steps to take when dealing with harassing a**holes.

This report was posted on Ripoff Report on 03/31/2010 07:35 AM and is a permanent record located here: http://www.ripoffreport.com/reports/receivables-performance-magement-llc-rpm/lynnwood-washington-98036/receivables-performance-magement-llc-rpm-receivables-performance-management-what-a-scum-587743. 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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Updates & Rebuttals

#1 Author of original report

Case Dismissed w/ prejudice

AUTHOR: Terry - ()

It's been a great Good Friday. Finally appeared in court to answer the charges of monies owed to HSBC/RPM/MSA and whomever else. Fifteen minutes later, walked out with case dismissed with prejudice which means it can never be brought forward again.

Here's how it happened. Mains Street Acquisitions (MSA) kept threatening to take legal action unless I settled for the full amount or very near to it. I told them to pound salt and go for it. I purchased a call blocker for $100 (most excellent investment) and hired an attorney. I originally said I could settle for $2500, they refused so every time after that when they called I offered $500 less. Last offer from me was $500, take it or stuff it where the sun don't shine.

Received notice of court appearance. My lawyer asked for time extension to get all sorts of documentation from MSA. Several months later, said documentation appeared incomplete and virtually worthless proving nothing. Again offered $500 to settle. No response except new court date sent by MSA. OK, we will go for it.

Their attorney who was not from the law firm but a local lawyer they retained just that day handled their case. He was completely unprepared, didn't have the proper documentaton and looked foolish. My attorney asked for dismissal on the ground of failure to provide proof of anything and the judge agreed. Case closed. Good guys - 1, Slimebags - 0. 

Oh, happy days are here again. Up yours RPM and MSA.
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#2 Consumer Comment

The 1099C thing is sometimes the best deal!

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

The 1099C thing is really the best deal in some situations. Why? You ask?

When the original creditor issues a 1099C, that means they have FORGIVEN the debt. At this point all collections activity must cease, because the "debt" no longer exists.

How is that good? It depends on what tax bracket you are in. Most people who cannot pay thier bills have little or no income, which means they are paying at the 15% rate.

In effect, this person just got out of that debt for 15 cents on the dollar!

It is truly a great deal.


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#3 Consumer Suggestion

CALLS MAY RETURN...TAPE THEM ...be proactive and research

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



The calls could return.  I would suggest you tape the calls when that happens.  Let threaten and harass you.  Then take the tape to your lawyer.  He will in turn sue for Fcpa violations.  Then you got them on your court.  They can't lie their way out.Waiting another 6 years.  Since they stopped calling they probably will sell the debt.which means the calls will start over again.  Be ready.  Start taping, Let them have their say and take it to your lawyer.

Don't fall for the trap.  do not give banking information.  Now, they may try to be your friend.  Don't fall for it.  One thing I need to bring to your attention.  Orginal creditors could send 1099c.  Which means the debt is taxable as debt.  Go to Debtorboards on the internet and read about this.  They are a .com  Be ready to be proactive then reactive.  In other words an ounce of prevention is worth a pound of cure.

I suggest you research and read up on the laws and info on the net.  Check your clerk of courts.  Debt collectors have a habit of not serving the person and getting a default judgment.  Its called sewer service.  check regularly with the clerk of courts.

Their silence could be a problem.  so be proactive.

Good Luck


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#4 Author of original report


AUTHOR: Terry - (United States of America)

Best thing I ever did. Contacted a lawyer who promptly sent a cease and desist letter and that was the end of the telephone harassment, what a relief.

As rebuttal reply noted, MSA is not interested in any settlement less than 80% so this is fine with me as there are no assets to attach. So, I'll wait 6 more years, the credit report will be cleared and they can kiss my a$s.
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#5 UPDATE Employee

Collection agencys

AUTHOR: Yadidimean? - (United States of America)

Thanks, but you cant summarize the company by one collector.

They are able to do settlements.. It all depends on how old the account is, after a certain amount of days its been posted they drop to certain percentages, some can give you two payments possibly, but as the interest goes up so does the settlement offer, we have certain parameters and certain clients offer certain percentages on certain accounts..

What type of credit card is it? Credit one, Capital one, HSBC, Sears, Citibank, Old Navy, Jc Penny, Best Buy, GE Capital, HSBC/Orchard bank, Reward Visa 660, Imagine Master Card, Aspire Visa?

OH S*** ITS MAIN STREET ACQUISITIONS ACCOUNT! Bro, thats no joke, they dont give much off those bills, Is it a Credit One Credit Card? From my understanding Main Street is no joke, dont quote me, but im pretty sure they have a legal department.. 

They dont say crazy stuff like that sir, but we do have certain guidelines and parameters, in order to make the calls stop you have to write a cease and desist letter and it has to be worded and formatted properly. 

The dialer system automatically dials people, millions a day, 1-2 times a day, we are allowed 3 contacts per week, we not are harrassing we are collecting a bill, I will admit some reps are ruder then they need to be, but at the same time, your gotta understand all the illiterate, disrespectful, rude, mean, profane people we deal with on a daily basis..
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