GB in California said:
Hello, hope you can help, united recovery recieved incorrect information about a capital one account. I paid a settlement instead of a charge off as was reported. I called and recieved a letter of confirmation settlement, only now it’s affecting my score and rate for my home loan and i may loose it if not corrected within the 28 days given to correct or i will not be able to afford the loan.
Linda wrote:
Lisa Ming, of URA, continually calls my phone number late at night after I have gone to bed about a debt my daughter has with Household. Lisa is rude and will call sometimes 2-3 times an evening. She has the cell number for my daughter but says she will continue to call me every day until my daughter pays her bill. She has told me that I need to “teach my daughter to pay her bills”. Well, my daughter went thru a divorce and got stuck with the bills and Household agreed to put her on a payment plan but promptly renigged on the agreement (not in writing).
Also sometimes called United Recovery Agency, this agency tries to collect on former predatory accounts of Household International, and acts as a bill collector for HSBC. Consumer reports indicate settlement scams by this company. If you are offered a settlement get it in writing and signed by the company, on company letterhead. They must mail the settlement to you. You sign the settlement, keep a copy, and mail the completed document back to them. Send it with proof of delivery required. Make sure you have mail fraud and wire fraud on your side if it goes bad. Telephone agreements do not protect you and they will come after you again for any balance due. In a true settlement you may get a 1099 and it may be reported to the IRS.
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