topic Re: Collection account mystery in Rebuilding Your Credit

Collection agency mystery

tamdugg1980 — Thu, 30 Jun 2011 01:53:51 GMT

I have an old account with Plains Commerce Bank, that is about 6 years old. It is slated to fall off my report in October of 2012. I recently noticed on my CR that the balance went from $1220 to $0. I am trying to find out who Plains Commerce sold or assinged this account to in order to avoid a CA reporting on my CR. I disputed the tradeline with Equifax and noticed on my scorewatch report that it now lists Alegis Group and this address: 3817 S Elmwood Ave, Sioux Falls, SD, 571056565. When I google this address, I find that it belongs to Resurgent Capital to which I also see that Resurgent Capital is out of business. How do I proceed with this? I even tried calling the OC, and they couldn't give me any information on this account. They were not able to find anything pertaining to my account via my SSN, First or Last name. Should I just wait for a collection to show up on my credit or do I try to find out who this account belongs? Any help from any of the moderators would be awesome!

Re: Collection account mystery

Hopelives2 — Thu, 30 Jun 2011 01:54:05 GMT

I just did a Google search on the name Resurgent Capital and found their website along with tabs across the page, there is one that says, "Credit Reporting" -

Try that.

Re: Collection agency mystery

RobertEG — Thu, 30 Jun 2011 08:00:58 GMT

If the OC has updated their credit reporting to now show $0 debt balance, then that is indication that they no longer own the debt.

They dont have to notify either you or the CRA of their internal business dealings, including name of the new owner. However, it is just plain old good business practice to provide you that information.

Until the debt collector either contacts you or reports to your CR, you are at a real disadvantage in pursuing the matter.

I would continue any efforts available to secure the name of the new owner. The minute you know who they are, you can send them a DV letter. You dont have to wait for any contact with you. Most debt collectors wont remain dormant too long, as collecting the debt is their job.

If their first contact with you is a phone call, get them to say that they are calling with regard to a debt, and then just tell them to make all future communications with you in writing. That does not compel them to do so, but is just a convenient way for you to terminate the call. By saying that they are calling regarding a debt, that establishes an intitial communication with you, thus triggering their requirement under FDCPA 809(a) to send you a formal collection (dunning) notice within 5 days therafter. That gets the ball rolling.

All I can advise now is to continue efforts to locate them, and in the meantime, be ready when they call.