844-498-6545

They called me and said that they bought two of my loans, I told them I wanted to pay my debts and tried to work out an arrangement with them. A lady named Melody and a man named John told me they did not care what my situation was and that if I could not give them the money amount they told me, that I would be sorry and threatened me. I asked them to send me information of who they were, they continued to tell me that I would be sorry and if I wasn't going to pay the money they said, they were going to take legal action. This is not how debt collectors normally act, and even more considering the fact that I was trying to set up an arrangement to pay my debt with the company I owe it too. I think they are a scam or something. Or just a really awful company. The people are rude and very uneducated.

What you need to do is to make them prove that you owe the debt and that they have the legal right to collect it.  There are numerous posts in here that tell you what you need to know, to do, and where to report these crooks.

Thank you, have you had to deal with these people before? How am I supposed to pay money I owe back to the place I owe it? I don't trust these people or the place I owe if they gave them my information.

Go back one page in this thread, and see the post from CWG40 - it is near the bottom of that page, and he gives information that you will want to read.  Also Here:  https://800notes.com/arts/harassing-calls-fro ... ou-need-to-know

Go a step at a time, so you are satisfied that any payments you make are actually going to applied to any outstanding debt(s).
As BigA said:  "What you need to do is to make them prove that you owe the debt and that they have the legal right to collect it."
These are not nice people, and threats, harassment and scare tactics are about all they know do.  If you have been paying off the debts, it is in their interest to get you the info you request so you can keep paying.  They might not like that, but you are within your rights.

The FCC has next to no jurisdiction. Debt collection has for decades been regulated by the FTC, and more recently the CFPB.
A call blocker is not going "to stop them". At best it will deaden the noise. As you see above, Summit has a mailing address which anyone can use to halt their nonsense at its source, as the FDCPA entitles.

The federal Do-Not-Call registry exists to help enforce the Telemarketing Sales Rule. Please note the operative term ''marketing''. A debt collector is not a sales person and is therefore not covered. The few remaining state lists share this limitation. Here are the DNCR service terms you were supposed to review at registration time:

National Do Not Call Registry Q&A

I'm wondering what we are supposed to tell people now.  As per the post below, they now are claiming that they bought the loans, which would technically mean that they don't have to follow the FDCPA.

} How am I supposed to pay money I owe
That is no longer your problem. Summit is stomping on your consumer rights, breaking laws as a shortcut to your checkbook. They can eat what they paid (allegedly) for your old accounts, which I promise you was less than four percent of face value.

These buffoons on the phone have no need to resort to bullying and shame tactics if they really possess a valid claim. "DAAAHH, weez bot youse loans!" Okay, where's the required dunning letter? Where's the substantiation of this debt purchase claim? How do you know Summit has anything more on you than the usual few lines from a spreadsheet? What remains as your motivation to pay one more cent? Because you enjoy being jerked around and rewarding lawbreakers?

This is the hard part for many honest people when they first encounter dishonest collectors. You must suppress the urge to "do the right thing" and unzip that wallet, mainly because the "right thing" has shifted to protecting your assets from grade school dropouts who are using moldy debt as a cover story for extortion. No original creditor is made whole by your generous donation to come-lately thugs who are not servicing a live account but gambling on dead papers. If the OC still wanted your money the debts would not be sold off ... assuming that story is true. Don't play victim; make the coyotes work for their kill. See then who gives up first.

I don't plan to walk on eggshells because of one SCotUS opinion involving what is for now an oddball case. I made my explanation last week and have no plans to revise it.
https://800notes.com/forum/ta-10dc7783451cd47 ... 639129520186998

Santander got off because it's not clear to all observers what its primary business is. The rest of the junk debt market is full of buyers who do not also originate and/or service loans. Therefore they are still "debt collectors" per FDCPA definition. I've found a couple lawyers who've had the stones to say the same thing after the smoke cleared. Would be nice if Cordray and the FTC would make their own stands.

Anyway, you see in my response to Jessica that I question even the claim of account purchase. These are people who lie with every third breath. Can you not expect them to crow about what they supposedly bought as yet another trendy objection handling line?

I just tell 'em to keep on using the Federal Fair Debt Collection Practices Act remedies.  Let the debt collectors prove they own the debt.  Of course they won't do that .  Most of the debt scammers won't give you ANY information.  And in many cases the scammer often talk as if they are in fact representing third parties.As if that gives them some legitimacy.  Let the debt collectors assert their ownership or non-ownership claims.  Let the FTC sort it out.

Summit Receivables

http://www.summitrec.com/index.html

Telephone
844.498.6545    ◄▬ ◄▬ ◄- ◄▬
Fax
702.463.8736
Email:
info@summitrec.com
Mailing Address
Summit Receivables
1291 Galleria Dr
Ste 170
Henderson, Nevada 89014
____________________________
BBB:
This Business is not BBB Accredited
Summit Receivables
Phone: (844) 498-6545
Fax: (702) 463-8736
1291 Galleria Dr STE 170,
Henderson
, NV

89014-8635
Send email to Summit Receivables
http://www.summitrec.com
BBB® Non-Accredited B Rating
On a scale of A+ to F
- See more at: http://www.bbb.org/southern-nevada/business-r ... h.56jy5RF3.dpuf
__________________________
See:  http://www.corporationwiki.com/p/2fbhkp/summit-receivables-llc
______________________________________
Per records of the Secretary of State of Florida
Detail by Entity Name
Foreign Limited Liability Company
SUMMIT RECEIVABLES, LLC
Cross Reference Name
GMA INVESTMENTS, LLC
Filing Information
Document Number
M14000004408
FEI/EIN Number
273364743
Date Filed
06/23/2014
State
NV  (Under the name GMA Investments Nevada LLC #E0891572006-4)
Status
ACTIVE
Principal Address
153 W LAKE MEAD PKWY
STE 2105
HENDERSON,
NV 89015
Mailing Address
153 W LAKE MEAD PKWY
STE 2105
HENDERSON, NV 89015
Registered Agent Name & Address
CORPORATION SERVICE COMPANY
1201 HAYS STREET
TALLAHASSEE, FL 32301-2525
Authorized Person(s) Detail
Name & Address
Title MGR
GUADAGNA, ANTHONY
153 W LAKE MEAD PKWY STE 2105
HENDERSON, NV 89015
____________________________
In any event,

Just because someone on the phone calling you says you owe a debt does not mean you actually owe it.

If a voice on the telephone claims you owe a debt:

1.    Demand the person give you his or her name, company name, and address
2.     Demand a debt validation letter by US mail.  E-mail no good.
3.    Do not pay  the collection agent or anyone else a  dime until the debt is validated

Of course they won’t do this, no scammer ever will, so simply ignore them and block their calls.

If they are bothering you, report them:

http://www.consumer.ftc.gov/articles/0149-debt-collection (Threatening civil proceedings with no intent to follow through, or threatening criminal process in order to collect a civil debt is a  violation of the Federal Fair Debt Collection Practices Act.)  The same goes for endless telephone harassment

Note that the US Supreme Court in the Case of HENSON ET AL. v. SANTANDER CONSUMER USA INC., has recently ruled that the provisions of the Federal Fair Debt Collection Practices Act do not apply if the creditor owns the debt in question.  As a practical matter this probably won't effect the kinds of scam debt collectors who often show up on 800notes.  The scam collectors don't give you any information about themselves so it is impossible to know whether or not they in fact "own" the debt in question.  Most do not send debt validation letters and many often say they are collecting for someone else.  So, make the complaint anyway if they are bothering you.  Let the FTC sort it out.

Also contact your local attorney general

If they continue to bother you,  and you know you do not owe any money, tell them that you know this is  a debt scam and that you are making a complaint to the police for extortion.  Once you get a copy of the police report and they call you again , just read out the  file number and the name of the PD or Sheriff’s office involved.   Tell them you’ll be glad to send a copy to them at whatever address the jack***es are working out of now.

You'll probably have to yell at them and talk over them.  Tell 'em  no scammy debt collector is going to push you around.

You have to get tuff with these people because,  being akin to thugs, brute force is (metaphorically speaking).   the only thing they understand.

I figured they would all seize onto that verdict and try to lie about it.  It just makes it a whole lot more complicated to try to explain.  I guess I will have to rewrite my posts in someway that will reflect that.

I'm not worried about the out and out debt scammers, but some of these places that could be considered "legit" even though they use crooked tactics to collect debt are going to be harder to advise since they will try to convince people they don't have to follow the law anymore.

Hi! Thank you all so much for your information and help. I have never been in this situation before and had an unfortunate situation that put where I am now and have been trying to crawl out of this whole but it's hard and takes time. Of course I tried to make arrangements with the original loan places, I can't pay what I don't have anymore though. I checked my credit report today, one of the loans says it was written off as a profit and loss, the other one says it was charged off and sold. What does that mean? And could another company really collect on something the original loan place has written off as a profit and loss?

>> could another company really collect on something the original loan place has written off as a profit and loss?  <<

Yes.
However, they must do it legally.
My post may be similar to previous answers, so please read all the answers for understanding.

A phone call, email, text message or postcard from a supposed debt collector is not legally sufficient proof of debt.

The Fair Debt Collection Practices Act (FDCPA) includes statements such as this:

Unless the original communication contained this specific information, every collector must send you a written “validation notice” telling you how much money you owe within five days after they first contact you. This notice also must include the name of the creditor to whom you owe the money, and how to proceed if you don’t think you owe the money.   ["Written" means snailmailed - US Mail ... not emailed or texted]

Source:
https://www.consumer.ftc.gov/articles/0149-debt-collection

Therefore, if that caller wants you to pay immediately, before you get the written validation notice via snailmail, or if the caller wants payment via Green Dot, MoneyGram, Western Union, prepaid gift card or other untraceable means, then the call is definitely not legitimate.

REMEMBER THIS IF YOU FORGET ALL ELSE:
1.  Legally, THEY must prove you owe the debt (you do not have to prove to them that you do not owe the debt)
2.  They must prove they have a legal right to collect the debt
3.  They must send you snailmail with specific info within 5 days of the original contact, if you request that validation notice, or if that information was not provided on initial contact.  You have up to 30 days to reply to that letter.

IF you wish to communicate with the supposed collector / creditor, visit  the following page, for example "Action Letters" to snailmail:
http://www.consumerfinance.gov/blog/debtcollection/

If you KNOW you owe no money, or believe the call was from a fake debt collector, please take the time to read this:
http://www.consumer.ftc.gov/articles/0258-fake-debt-collectors

~~~~~~~~
Please reply to this post, to let us know you read it, or have taken suitable actions to protect yourself.

No more calls

Oh, so you were successful in receiving "no more calls" from Summit and you forgot to share your method? Otherwise you think a valid method is to thumb out your demand here on a bulletin board style of website with public access. This is not a text message portal. You must direct your demands to the sources of your unwanted calls.

Yes, you are new at this. A "write-off" is merely an accounting tool having no impact on your liability. Your accounts "failed to perform". They became dead weight which the lenders wanted off their ledgers so they could at least claim a loss for tax purposes. You agreed to contracts which said that the lenders could assign or sell your accounts to any other company they please, a/k/a a "third party". The typical creditor contract allows that hired third parties may ask you to pay and whoever owns the account can sue to collect. So you don't have to take my word, Nolo Press has a reasonably good skinny:

What Is a Credit Card Debt Write-Off?

Accounts turned loose to the junk debt market put you in a better position to fight. As mentioned prior, creditors don't usually supply much if any proof you owe to debt buyers. Hence the stupid threats which scofflaw collectors will not or cannot make true. The Summit complaints are full of stories of consumer abuse, and the same stories are echoed all over the junk debt industry. We have not even discussed the legitimacy of either loan. Payday variety, I take it? Are those even legal where you live?

Summit's drone told you "they bought two of [your] loans". The same two on your CRA report? Only one indicates a debt sale. Maybe Summit lied to you, the first of many lies. Else there is a goof on your report, always possible. The more important matter now is how you are treated by collectors. Dishonesty and unfair conduct have no place in how the CFPB and FTC want the job done. The violations dirty collectors commit become your tools to fight them, capisce?

I'd agree that outside the courtroom it will be business as usual. It's the next batch of FDCPA plaintiffs wounded by debt buyers who have to be ready for the hot new trend of citing Henson in a dismissal motion, piled on next to Iqbal and Twombly and a few other evergreens which usually amount to mud hurled at the wall. Those complainants don't have time to wait for declaratory rulings or policy statements, and those things are not always persuasive on judges who see only "deadbeats" or "small potatoes" in the consumer actions.

please remove my number from your list