Response to DV

[treehugger1]

After 60 days or so, an attorney firm upstate sent me some old billing statements from an alleged CAP1 account. In their letter they stated that the account had been applied for online and as such, they could not provide an original contract signed by me. I have no idea why they would include this in their letter. I just typed a letter to the legal firm thanking them for their response, acknowledging all I received are some copies of billing statements that associate my name and address with some alleged debt. Without denying or admitting debt, I requested that they provide me with some evidence that I have any obligation under contract for the alleged debt in their records. From what I'm reading in the news (related to the quick passing of mortgage notes from one financial package to the next,) and reading online, it could very well be the case that there is no readily available record of an original contract or original application. I'm guessing that loss of or no record of original contract is also popping up for unsecured CC vendors. I think many sites acted as contractors for various CC and unsecured debt creditors. The creditors acted on the contractor's advice, but the original creditor may, in fact, have no copy of any application process. Interesting. I'll let you know where this goes.

[BigJohn]

I got some loans when they called me on the phone. No contracts.

Where they get you is they send you an agreement and in the agreement it says you agree to the terms and the terms are agreeable when you first use the card, checks, etc. But what happens if they ask to do a balance transfer and you agree? In this case, they do the balance transfer, not the end user so there is less of a trail.