You are here:
- Home
- Business
- Corporate Law
- Collections Law
- Calvary Portfolio
Collections Law/Calvary Portfolio
Advertisement
Question
QUESTION: Hi,I have a old debt from Ford that was bought by Calvary Portfolio,they jacked the debt up by over $2000 and called me constantly until I sent a letter ordering them to make no more contact.They now have a new trick they are every month or so doing a inquiry on my credit which is keeping my score down...ive worked very hard to get my credit straight this debt is the only blip left on my report.the vehichle was in my name but it was my husbands,we seperated and he took truck and is now deceased I want to know what if any legal recourse I have against Calvary?
ANSWER: Ann,
By pulling a new credit report they are searching for new information in order to collect this debt. Their tactics are legal.
Hold old is the debt?
Michael Moore
Sr. Arbitrator
Ontrack Financial Group
Mike.Moore@ONTFG.com
---------- FOLLOW-UP ----------
QUESTION: The original debt from Ford was due to fall off 09/09 Calvary bought it spring 07
ANSWER: Ann,
From our experience they could be getting ready to file suit. When did Calvery last inquire? How much is the total debt?
Michael Moore
Sr. Arbitrator
Ontrack Financial Group
Mike.Moore@ONTFG.com
---------- FOLLOW-UP ----------
QUESTION: The original debt was 9,000,now with Calvary its $11,200
Ann,
The amount is in proper suit range. Since you sent the C&D letter it may be their only course of action to recover this amount.
If you would like our assistance please contact me.
Michael Moore
Sr. Arbitrator
Ontrack Financial Group
Mike.Moore@ONTFG.com
Related Articles
- Financial Ratios - Debt Ratios - Financial Leverage Ratios - What are debt ratios and what do they measure?
- Debt and Same Sex Couples - Answers to Your Questions About Debt
- The Debt Ceiling - Debt Ceiling Through the Years
- Explanation of correct answer for the $16000 question in Investing Lesson 3: How to Analyze a Balance Sheet
- Lawyers: Generally a Last Resort - Classroom Management
Answers by Expert:
Ontrack Financial Group llc
Expertise
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.
Experience
Please read about us at Https://www.OntrackFinancialGroup.com
Education/Credentials
Banking & Finance
©2012 About.com, a part of The New York Times Company. All rights reserved.