Originally posted by Jimmyjim
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Who do I contact first - new debt
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verify it first
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Originally posted by Jimmyjim View PostWhich way should I pay, credit card? Check? Money order?
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Originally posted by tripods68 View PostI had ssimilar happened to me long time ago. I moved to a new place but had incurred a credit card annual fee or $30 that eventually ballooned to $75 few years later after a collector got a hold of me me. It was legit bill so I just paid it off. End of story.
I will too
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Originally posted by disneysteve View PostThat sounds pretty typical. The collection agency wouldn't know what the debt was for. And the bank would wipe the debt off their records after they sold it to the agency.
Pay the bill and be done with it.
They will let me pay on their website, phone or mail. Which way should I pay, credit card? Check? Money order?
If it matters this particular agency ERC, has the BBB logo on this bill.
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You will want to send a letter to the collection agency immediately... not admitting to the debt; rather, asking them to verify it and confirm they have permission to act on the debt. You can Google sample letters. If they are not the rightful owners, they will go away. If they can confirm proof, they will give you a way to pay. Do not just ask them over the phone - put everything in writing and capture tracking #s from USPS.
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I had ssimilar happened to me long time ago. I moved to a new place but had incurred a credit card annual fee or $30 that eventually ballooned to $75 few years later after a collector got a hold of me me. It was legit bill so I just paid it off. End of story.
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Originally posted by Jimmyjim View PostUpdate: I called M&T bank they said it is a real debt but they don't have the debt any longer and it's in collections at this other company. So I know it's a legitimate attempt to collect from these other people. However M&T kept telling me they don't have info on the debt, the lady I spoke with wouldn't tell me how it accumulated and what I did wrong to incur the debt. Is that typical? Should I call back and try to get more answers or once the debt is sold does M&T not have access to that info?
Pay the bill and be done with it.
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Originally posted by disneysteve View PostI'd call the bank first and see if they can verify the debt. If not, the collection agency needs to do so.
As long as the debt is legit, pay it and be done with it. Do not do anything to give them electronic access to your account, though.
Update: I called M&T bank they said it is a real debt but they don't have the debt any longer and it's in collections at this other company. So I know it's a legitimate attempt to collect from these other people. However M&T kept telling me they don't have info on the debt, the lady I spoke with wouldn't tell me how it accumulated and what I did wrong to incur the debt. Is that typical? Should I call back and try to get more answers or once the debt is sold does M&T not have access to that info?
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Don't pay it over the phone, could be a scam. If they're legit you will get a letter in the mail
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I'd call the bank first and see if they can verify the debt. If not, the collection agency needs to do so.
As long as the debt is legit, pay it and be done with it. Do not do anything to give them electronic access to your account, though.
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Who do I contact first - new debt
I received a notice in the mail about a debt I apparently have. A company by the name of Enhanced Recovery Corp. (ERC) , contacted me and said I owe a debt from M&T Bank. It's about a $85 debt which they will settle for $75 within 30 days.
This money isn't a problem for me to pay but this is the first I'm hearing about this debt. I did have an M&T bank account which I closed about 3 years ago. I'm not sure what kind of fees or penalties could have accumulated to this sized debt and I was never contacted by M&T prior to this ERC letter. I had only a debit card as checking account so it couldn't be a past credit card balance.
I've heard horror stories about harassing phone calls when talking to debt collectors but I have to make sure this is a real debt before I pay. Who do I contact first,M&T or ERC? Also, I imagine this is on my credit report as a debt collector is contacting me so how can I get this off my report?
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