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Expert: Ontrack Financial Group llc - 10/9/2008


Question
We bought furniture from Art Van on 7/04.  We had the 4 years no interest,  However we fell benhind in making the required payments so they took the 0% interest away and are charging 22%.  I have made payments every month, just not always the minumum due.  Now HSBC has refered the account to a Corporate recievables which I assume is a debit collection firm.  What are my rights?  This is in Michigan

Answer
Angela,

If you haven't made the minimum payments as pursuant to the contract, the creditor has the right to refer this matter to a collection agency.  

You have a right to hire a firm that will represent you when dealing with this collection agency.  

How much is this debt, when was the last payment and the referral date to the collection agency?  

Eddie Saleh

Ontrack Financial Group

https://www.ontrackfinancialgroup.com

Collections Law

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Ontrack Financial Group llc

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With the credit market on a brink of collapse, the future of having good credit will be paramount. Loans will be near impossible to obtain with strict lending practices around the corner. Debt collectors and Law offices will use even stronger tactics to recover more of your hard earned money. Protecting you and your credit has to be a top priority. In 2000 Ontrack Financial Group llc founded the credit arbitration movement. More and more companies entered into the arena and new business models joined old ones. Only one company has the attitude and aptitude to truly assist our clients. Ontrack Financial Group llc is that company! With our proven credit arbitration solution, you can become Charged Off Debt free within three years or less. Our clients have eliminated their Charged Off Debts with our service and avoided communication with collection agencies and law offices in the process. Since the inception of Ontrack Financial Group™, we have continued assisting our nation-wide clientele with their burdensome unsecured debt and has enrolled thousands clients in its programs, managing millions of debt for its clients without one complaint. Ontrack Financial Group™ is a for-profit, private company and is not affiliated with the credit bureaus or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer.

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