|
|
First select account sold
[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]
Posted by Dave (12.65.79.58) on April 09, 2003 at 09:05:56:
I hope someone can help or give me advice. In 1999 I had credit card debt with Chase, paid them off in full. 2 weeks later I received a notice that I had double paid them and they sent me a check in the amount of $4000.00. I cashed it thinking my wife, who went on vacation back to Japan for 4 weeks had also paid them. I deposited the check. Some 3 months later I got a call from Chase stating they made a mistake, even sent me a letter admitting it, and said I owed them $4000.00 plus 19.9% interest for the term, plus late fees. I refused to pay anything more than the $4000.00. They sold my account to First Select who I made an agreement to pay $51.00/month and they attributed $25.50/month at 0% interest. That went on for 2 years. Last month First Select sold the account to Credigy Receivables who inturn sent it to Vital Recovery Systems. They are no not willing to continue the match pay program that First Select had me on for 2 years. The agreement I had with First Select does not have any fine print suggesting that if the account is sold that the terms would not be continued or honored. So, any advice on what I should do. Yes, I should have consulted an attorney at the time I first started having problems with Chase but starting a new business I focused on building it and it seemed an easy solution and cost effective one to deal with First Select which has now come back to haunt me. Help would be appreciated. Thanks....
Follow Ups:
Post a Followup
|
