What is the name of your state? New York City
Hello. Here is my situation, I have a debt with MBNA of $18,176.00, that was charged off and sent to LTD Financial approximately 2 1/2 - 3 years ago. I am paying LTD Financial faithfully every month $100 never missed a payment. I receive a statement every month from LTD, stating what my balance is $15,900.00.
Yesterday, I receive a telephone call from Calvary Profolio. Calvary tells me that MBNA recalled LTD and they now hold my account, as of March 7, 2005.
My new balance is the orginial amount of $18,176.00. Calvary explains, that they are here to help. They wanted me to fax over my most recent statement from LTD. I ask why? They didn't give me an answer why. As far as I know, my balance is $15,900, why should I start paying all over again. They reply, that was just interest you were paying on the account with LTD. You were paying 9.9%. I said, that was impossible, I have statements infront of me and I see my balance going down. I told them go take a walk, I need to research this.
I call LTD. LTD says Calvary does not own my account, MBNA did not recall LTD and that my account remains with them. LTD says, must be a glitch in the system. I asked why I was not notified that I was paying a 9.9% rate on this account. LTD responded your not. Your paying 7% for the entire year.
I asked for a letter of agreement/stipulation stating that I have been paying every month $100.00 with a print out of all the payments I have made, plus I have the statements that I receive every month. LTD agreed.
This is what confuses me why is Calvary calling if LTD holds the account? Why is Calvary listed on LTD's statements as the creditor, under my reference number?
Has this happened to anyone? Advice please.
Thank you.
Hello. Here is my situation, I have a debt with MBNA of $18,176.00, that was charged off and sent to LTD Financial approximately 2 1/2 - 3 years ago. I am paying LTD Financial faithfully every month $100 never missed a payment. I receive a statement every month from LTD, stating what my balance is $15,900.00.
Yesterday, I receive a telephone call from Calvary Profolio. Calvary tells me that MBNA recalled LTD and they now hold my account, as of March 7, 2005.
My new balance is the orginial amount of $18,176.00. Calvary explains, that they are here to help. They wanted me to fax over my most recent statement from LTD. I ask why? They didn't give me an answer why. As far as I know, my balance is $15,900, why should I start paying all over again. They reply, that was just interest you were paying on the account with LTD. You were paying 9.9%. I said, that was impossible, I have statements infront of me and I see my balance going down. I told them go take a walk, I need to research this.
I call LTD. LTD says Calvary does not own my account, MBNA did not recall LTD and that my account remains with them. LTD says, must be a glitch in the system. I asked why I was not notified that I was paying a 9.9% rate on this account. LTD responded your not. Your paying 7% for the entire year.
I asked for a letter of agreement/stipulation stating that I have been paying every month $100.00 with a print out of all the payments I have made, plus I have the statements that I receive every month. LTD agreed.
This is what confuses me why is Calvary calling if LTD holds the account? Why is Calvary listed on LTD's statements as the creditor, under my reference number?
Has this happened to anyone? Advice please.
Thank you.