Sunday, October 21, 2007
More false and misleading information from Creditwrench
Recently, in response to a question by a consumer who requested validation of an account and that account was subsequently sold to another agency, Creditwrench CEO Bill Bauer offered the following advice:
The courts have further ruled that an agency selling an account is not acting as a debt collector, and are not directly or indirectly attempting to collect a debt.
Simply more false, misleading, and dangerous information from Creditwrench CEO Bill Bauer.
"If you sent them your demand for validation within the first 30 days after youreceived it and they sold or transferred the debt to another agency then youshould sue them for violation of FDCPA."Courts have deemed that the sale of an account is not a collection activity, it is the sale of an asset.
The courts have further ruled that an agency selling an account is not acting as a debt collector, and are not directly or indirectly attempting to collect a debt.
Simply more false, misleading, and dangerous information from Creditwrench CEO Bill Bauer.
