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Posted by burned
(68.36.255.234) on July 09, 2004 at 18:33:12:
When they sue you, they never or rarely attach a copy of the contract to the complaint. Nor can they produce anyone with first hand knowledge of the facts. WHERE IS THE PROOF? Here is how they work. An old credit card or loan company sells its list of bad debts to collection agency A who sells it to collection agency B who sells it to collection agency C who sells it to New Century. New Century usually says in it's complaint that "we have purchased the debt" leaving the impression that they bought it from the credit card or loan company. They usually do not have proof of the alleged debt (i.e. the contract) which is required. This omission deprives the court of power to enter judgment. However they rely on Rule 1:5-6(c) which provides that the clerk shall accept all papers for filing. I suspect that New Century is a front for Pressler as Pressler cannot buy alleged debts and then sue in their own name. They set up New Century so they can buy debts which were written off by the original creditor. THIS IS FRAUD!
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