Central Credit Services, Inc., Sherman Acquisition, LP, Resurgent Capital Services, LP Ascent Card L False representation Jacksonville, Florida

In late August, 2009 I spoke with Mr. Santana of Central Credit Services, Inc regarding the possible settlement of a credit card debt.  I spoke with him about negotiating a settlement amount after advising him that I was trying to get a home equity loan to pay off some outstanding debts.  I had not payed on this account in a long time and had not been contacted by Central Credit Services.  Mr. Santana gave me a small break on the payoff after telling me that failure to settle the debt by a certain date would result in attorney's fees because the company was ready to sue me in order to settle the debt.  We agreed I would make a small "good faith" payment and would let him know by a certain date whether or not the home equity loan went through.  I contacted him today twice by phone and once by fax after not being able to reach him by phone because he sent a letter stating I had agreed to pay the full settlement amount on a certain date.  I told him I was not able to get the home equity loan but that I would start making payments beginning October 1.  He told me the full balance was due and payable today and that he would not accept payments.  He inferred that he was a bank and told me that under the "new laws" he could charge me any interest rate he wanted as well as any other fees he saw fit increasing the amount of the original debt exponentially.  He told me to get a "signature loan" to pay the debt and told me I could make $25.00 payments on that loan instead of his company loosing money on the debt.  I told him no bank would make a loan with payments of just $25.00 per month.  I told him he was not a bank and could not exercise banking rules.  He told me several times that I had access to money and that I could settle the debt.  When I told him I did not have the money to immediately settle the debt he told me that I had money available to settle the debt.  He said he had "all your records in front of me."  He became rude and when I tried to calm him down by asking him to listen to me, he continued to be rude so I told him "I'm sorry, I'm hanging up now."  He misrepresents his agency's ability to collect a debt by inferring he is part of a bank.