Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Overview
Credit Problems
Credit News
Credit Glossary
Purchase Books
Credit Laws
Business Credit
Merchant Accts

Re: Nicholas Barrett & Associates? What are my options?

[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]

Posted by Paul ( on April 26, 2004 at 23:38:31:

In Reply to: Nicholas Barrett & Associates? What are my options? posted by confused on April 26, 2004 at 21:21:31:

Nicholas Barrett & Associates is a legitimate collections lawyer.

“We are a limited service law firm providing services to financial institutions only. We service the lending and default needs of national and local financial institutions. We practice in Rhode Island and Massachusetts.”

However, there is no listing for the 2 cents on the dollar debt buyer “Rumford Credit Services” anywhere, which would lead one to believe it is some joker operating out of his living room buying local Rhode Island accounts for fun and profit. A couple of points. These debt buying schemers don’t get much for the 2 cents on the dollar they pay for the accounts. Here’s a listing for a debt selling firm of what you get for your purchase.

“What information is included in my sales package when I purchase accounts from CFSI?
Portfolio Data File (All fields are not always available)
Account Number
Open Date
Last Pay
Charge-Off Date
Social Security Number
Last Known Address
Last known telephone number
Debt Type
Generic Cardholder Agreement


Then the new debt “owner” pays some local collections lawyer $20 to send out a series of letters and maybe make a few phone calls. If this attorney is legitimate, he’d never file a lawsuit with this scant evidence of the debt especially since it is second hand garbage already passing through Unifund’s debt buying hands.

Also, check out with the Rhode Island licensing department to find out if “Rumford Credit Services” is licensed as a debt collector in Rhode Island.

In the meantime, just relax and follow JKelly’s advice of ignoring the get rich quick schemer who “bought” your account.

Follow Ups:

Post a Followup




Optional Link URL:
Link Title:

[ Follow Ups ]   [ Post Followup ]   [ Credit Forum Index ]


    Top Of Page


Copyright © 1999-2004 Enkephalos Web Design