Fun and money

[featherynscale]

This post is mostly addressed to chainwoman, since I know she's in the collections business, but if anyone else has input, I'd appreciate it.

I have a credit account that I can't access. The creditor has shut down my online access, has not sent me statements in months, and returns my checks when I send them to the payment address. It is vastly over the line, but I would like to, you know, pay them, if they'd let me.

I have a couple of theories on why this has occurred:
1. The account keeps getting sold - I think I'm three companies away from the company I originally opened an account with. Perhaps I've gotten lost in the shuffle.

-or-

2. Perhaps they've written my account off.

-or-

3. Perhaps they've given up on normal payment channels and are gearing up to sue me for the balance of the account.

I'm guessing it's not any of the good ones, really. Anybody have any thoughts on this?

Comments

[featherynscale.livejournal.com]

Thanks for the long-ass reply :) I figured you'd know something about this procedure.

It actually was with Providian -- I suppose you're right that they've sold it. I just think it's weird that I never got a notice. I (of course) don't have a lump sum to settle the debt with, even if they offer to settle it at 50%. I'll just hold back the checks and call them when I think I'm approaching that point.

[chainwoman.livejournal.com]

Yeah, Providian is a bunch of ass-munchers. ;-) Used to collect on their credit cards. Fun, fun. They got smart, to get the government off their backs about outstanding debt the would sell it to a company called First Select. :-) First Select and Providian are the same company though... Gotta love corporations. However, Providian got majorly sued and was going under last I heard. I'm not sure what attorney sues on their behalf now, but they had cut back on their lawsuits since they became po'. So, if they don't think your collectable, that may be why they haven't sued you... Good luck! Let me know if you need anything else. Oh, and you should get a demand letter from an attorney's office before they sue you...