Results 1 to 25 of 25
-
10-21-2009, 07:42 PM #1Web Hosting Evangelist
- Join Date
- Sep 2008
- Location
- New York City
- Posts
- 528
Fraudulent Debt Collectors Working for Company?
A few years ago I made a down payment of about $7,000. A few months later some personal and economical issues strongly affected my financial situation. This caused me not to make any payments for this. The charge was sent to collections and ruined my credit. About a month ago from today, I received a call from a debt collector. I spoke to him for a while and requested a callback. He offered me to pay $4,184 in which case my debt would be completely removed. I owed a total of about $13,000 because of the interest that I got over the years. I thought this was a pretty good deal. I assumed it was legit because I was positive this was a legitimate debt collector. He knew all my debt, the amount that it was rising, e.t.c. I also asked him to provide verification and he did. I sold some of my major valuables to gather the money and called him back. I made payment through my debit card and finally felt free from the debt. Now today, I check my credit report. I see that instead of wiping my debit, he subtracted the amount I paid from it. It showed that I still owe $9,763. This is the exact amount that it produced if you subtract the amount that I paid from the original amount. I thought to myself and I relied that this couldn't have been an external scam. This person was clearly working for the company since he did not gain anything from this. He led me into believing that this would remove my whole balance, but instead it was a payment. How can a bank try to get money by fraud? This debt was with Citibank and they are a very reputable bank. Is there any way I can get my money back? All I wanted to do was fix my credit so I can refinance my home for lower interest. Also, please do not negatively comment on my debt because many people these days have much higher amounts of debt then this.
-
10-21-2009, 08:03 PM #2Web Hosting Guru
- Join Date
- Feb 2005
- Location
- localhost
- Posts
- 5,473
How is that fraudulent? He's just a smart debt collector! You sill owe them the rest of their money.
Respectfully,
Mr. Terrence
-
10-21-2009, 08:05 PM #3Web Hosting Evangelist
- Join Date
- Sep 2008
- Location
- New York City
- Posts
- 528
-
10-21-2009, 08:12 PM #4Web Hosting Guru
- Join Date
- Feb 2005
- Location
- localhost
- Posts
- 5,473
That's not correct, they just lie to get their money.
Respectfully,
Mr. Terrence
-
10-21-2009, 08:54 PM #5Web Hosting Master
- Join Date
- Nov 2007
- Location
- Dallas, TX
- Posts
- 9,064
-
10-21-2009, 09:22 PM #6Web Hosting Evangelist
- Join Date
- Sep 2008
- Location
- New York City
- Posts
- 528
-
10-21-2009, 09:22 PM #7Problem Solver
- Join Date
- Mar 2003
- Location
- California USA
- Posts
- 13,681
I find they do anything they can to get money, lying is one of them.
Steven Ciaburri | Industry's Best Server Management - Rack911.com
Software Auditing - 400+ Vulnerabilities Found - Quote @ https://www.RACK911Labs.com
Fully Managed Dedicated Servers (Las Vegas, New York City, & Amsterdam) (AS62710)
FreeBSD & Linux Server Management, Security Auditing, Server Optimization, PCI Compliance
-
10-21-2009, 09:47 PM #8Web Hosting Master
- Join Date
- Nov 2007
- Location
- Dallas, TX
- Posts
- 9,064
-
10-21-2009, 11:06 PM #9Web Hosting Master
- Join Date
- Oct 2001
- Location
- Ohio
- Posts
- 8,535
-
10-22-2009, 11:44 AM #10Out there beyond the Wall.
- Join Date
- Sep 2004
- Location
- Chicago
- Posts
- 845
Collection agencies can make settlement offers but usually you get the settlement offer in writing prior to wiht all the account information on it.
Some guys calls up and says yea just gimme 4,100 and you hand out a debit card number over the phone?My IP >> 127.0.0.1 Hack Away!!
-
10-22-2009, 12:06 PM #11WHT Addict
- Join Date
- Sep 2007
- Location
- Albuquerque, NM
- Posts
- 140
Yeah Sorry once you go into debt collectors don't care what they do to get your money.
█ Anthony H. Webmaster of 3Dx Hosting
█ Hosting: 3dxhosting.com & My Design Blog: Anthony Hays.com
█ We provide low cost standard & custom shared hosting solutions.
-
10-22-2009, 04:24 PM #12Home Theater Enthusiast
- Join Date
- Apr 2005
- Location
- La Habra, CA
- Posts
- 1,773
If they offered you a settlement, and lied about it, thats definitely illegal. I would call Citibank and talk to them. If they made a mistake, easy fix. If he lied, do a charge back because he committed fraud. Simple fixes
I use GeekStorage for all my hosting needs. They truly are the best.
A presentation without a demonstration is just a conversation.
-
10-22-2009, 05:02 PM #13Web Hosting Guru
- Join Date
- Feb 2005
- Location
- localhost
- Posts
- 5,473
Once your account goes into collection, I don't think the lender has any control of your debt its all in the hands of the collection agency, but I could be wrong. Also they would do anything to collect whats owed. I'm pretty sure agents work on commission.
Respectfully,
Mr. Terrence
-
10-22-2009, 05:04 PM #14Web Hosting Evangelist
- Join Date
- Sep 2008
- Location
- New York City
- Posts
- 528
-
10-22-2009, 05:49 PM #15Web Hosting Master
- Join Date
- Nov 2005
- Location
- BC, Canada
- Posts
- 776
Similar thing happened to me but on a smaller scale. I made a payment deal with one guy at an agency, sent off $1000 via western union, and then the next week I find out the guy quit and instead of having any deal worked out they simply subtracted it from the larger over-inflated debt. He just wanted whatever commission he got from me before leaving. Since my credit was already fubar I just waited until the account went to the very last creditor before court action and made a decent settlement with them. ALWAYS get stuff in writing.
|| Higher Intellect || Half a million documents and climbing.
|| OMGWTFBBQ || Nothing of value here.
-
10-22-2009, 06:27 PM #16Web Hosting Evangelist
- Join Date
- Sep 2008
- Location
- New York City
- Posts
- 528
I just noticed the charge came from "Citicorp" what will happen if I file a chargeback for this?
-
10-22-2009, 07:05 PM #17
Do you have the guy's name or any other information? Even the name of the collection agency?
Call Citicorp and explain to them what the deal was and that the collection agency hasn't kept it's side of the deal. Explain to them that they're not getting another dime and you are going to file a complaint with the Attorney general for violations of the Fair Debt Collection Act. If you keep pressing them on it they might fold but without anything in writing you're kind of screwed.Aaron Wendel
Wholesale Internet, Inc. - http://www.wholesaleinternet.net
Kansas City Internet eXchange - http://www.kcix.net
-
10-22-2009, 07:09 PM #18Disturbed
- Join Date
- Dec 2002
- Location
- Jackson, MI
- Posts
- 1,525
Debt collectors routinely use illegal or unethical manners to get money. Anytime you do anything like an agreement or even a check over the phone (which I would never do again), make sure you get it in writing. Tell them you cannot proceed until you have the agreement in hand, and signed, on there company letterhead.
Its bad to owe a debt, but its worst having to deal with scumbags trying to trick you into something totally different then you agreed to.
-
10-22-2009, 10:29 PM #19Web Hosting Master
- Join Date
- Nov 2007
- Location
- Dallas, TX
- Posts
- 9,064
-
10-22-2009, 11:42 PM #20Web Hosting Evangelist
- Join Date
- Mar 2008
- Location
- X.400
- Posts
- 499
As a few other members on the board pointed out always get something in writing. Keep in mind that verbal commitments never hold any value. I know it’s too late now and you need to look forward on what you can do now to rectify the issue which came from this fiasco but it will be difficult since it was all done over the phone with nothing in writing.
The chance or probability of you actually receiving a letter stating the information discussed over the phone is slim to none. Of course, you can give it a try but I doubt they will mail you anything. If you don't mind me asking and I am not trying to delve more information than required but were you originally paying various different loans off or just this one? If so then I think you should really consider looking into debt consolidation programs which will be good for a few situations.
Good luck on resolving this and hopefully everything turns out well in your favour.█ █ LevelHosting Inc. - Unlimited Web Hosting at your level
█ █ cPanel, CloudLinux, LiteSpeed, RVSiteBuilder Pro, Softaculous and 24/7 Support
█ █ Meeting the demands of high traffic web sites at an affordable price!
-
10-23-2009, 03:39 AM #21Disabled
- Join Date
- Jun 2008
- Posts
- 306
-
10-23-2009, 04:24 AM #22Total Nerd
- Join Date
- Feb 2007
- Location
- Florida
- Posts
- 1,932
All they did was lie to you, consider yourself lucky. Imagine if a debt collector showed up at your house while you were at work, your wife was home alone, and refused to leave. Here's a local story about a threatening debt collector.
-Joe @ Secure Dragon LLC.
+ OpenVZ Powered by Wyvern | KVM | cPanel Hosting | Backup VPSs | LowEndBoxes | DDOS Protection
+ Florida | Colorado | Illinois | California | Oregon | Georgia | New Jersey | Arizona | Texas
-
10-23-2009, 05:59 AM #23Web Hosting Master
- Join Date
- Jun 2004
- Location
- Boise, ID U.S.A.
- Posts
- 3,499
The absence of proof could be a problem. Otherwise, since he was the bank's agent they theoretically should be bound by the contract he made on their behalf to accept the stated amount as full settlement of the debt. When you report Citibank to the Attorney General for fraud, you should phrase it as "Citibank made this agreement via its agent".
http://duhaime.org/LegalDictionary/Q...acitperse.aspx
-
10-23-2009, 06:34 AM #24Tom Whiting, WHMCS Guru extraordinaire
Linux problems? WHMCS Problems? Give me a shout
Check out my WHMCS Addons
-
10-24-2009, 06:28 PM #25Web Hosting Master
- Join Date
- Nov 2007
- Location
- Dallas, TX
- Posts
- 9,064
Similar Threads
-
Selling Profitable/Debt Free Consultation Company
By greatbusinessforsale in forum Other Web Hosting Related OffersReplies: 0Last Post: 04-29-2009, 03:12 PM -
Selling Profitable/Debt Free Consultation Company
By greatbusinessforsale in forum Other Web Hosting Related OffersReplies: 0Last Post: 04-21-2009, 11:13 AM -
Selling Profitable/Debt Free Consultation Company
By greatbusinessforsale in forum Other Web Hosting Related OffersReplies: 0Last Post: 04-06-2009, 02:22 PM -
International debt collectors
By ionplex in forum Running a Web Hosting BusinessReplies: 2Last Post: 04-04-2004, 05:28 AM -
Support your local garbage collectors
By Acroplex in forum Web Hosting LoungeReplies: 13Last Post: 09-29-2002, 02:32 PM