Debt Collector for a Debt Collector??????

Anonymous · ‎03-20-2008

Need some help with this one. I received a settlement offer letter from RAB, Inc (regional adjustment bureau). This letter tells me that this group is a professional collection agency hired by creditor to 'assist me in the payment of my delinquent account'. Sooo elequent!

Then one looks up to the original creditor -ARROW FINANCIAL SERVICES! Another Collector!

No mention of the real OC. I would like to DV this group to find out. I have two the are within about 6 mos. of dropping off -so they must be past SOL (MI -6 yrs) It could be Target/Macy's or it could be JCPenney. Neither was mentioned.

I would like to DV these people. Neither RAB nor Arrow appear on my reports. What would be the proper wording? RAB did a hard inquiry not too long ago. I found one wonderful letter on this site -but it was geared towards one collector and not two.

Thanks for the help, in advance. I love the site - I am learning so much.

Gulliver

Anonymous · ‎03-20-2008

I've had Arrow too. They are one big company that trades debt around with smaller sister companies. If it is supossed to come off your CR soon then dont pay it. If you need it off your CR you can try Arrow (they are the nicer of the numerous sister companies). Dispute it first on all three CR at the same time. It might come off.

Anonymous · ‎03-20-2008

oh, forgot to mention............. do a search at the top for "Arrow Financial" theres a lot of info. If these are not on your CR I wouldn't wake a sleeping giant. They cant add it to your report later if its past the SOL.

Anonymous · ‎03-20-2008

If past SOL, DV the one you received the letter from. Keeps them from reporting until the validate.

Anonymous · ‎03-20-2008

hopeless wrote:
oh, forgot to mention............. do a search at the top for "Arrow Financial" theres a lot of info. If these are not on your CR I wouldn't wake a sleeping giant. They cant add it to your report later if its past the SOL.

Yes, they can still add if past SOL. They can't add if past CRTP.

Anonymous · ‎03-21-2008

Thank you for the scoops. The confusion is -neither have reported on credit reports -otherwise I would just go to the CRA's.

I have the DV ready using one that was posted here. I am anxious because it would be my first -but am concerned about waking sleeping giant.