[SunnE]

I'm not sure if this is the right subject for this post... but hopefully it catches the right ear.
Ok I know what a charge off is...
What if I'm looking at my credit report and I see a credit card that I went bad on. Pay status says: charge off and the company was Hess (Chase Bank). Then down below that there are three categories: Loan type: Credit Card, Remarks: Purchased by Another Lender and Estimated month and year that this item will be removed: 10/2013

I'm concerned about the "Remarks" section. "Purchased by Another Lender" what does that mean? Do they now own the debt? Are they a third party collection agency?

Now here's more information.. I have had my checking acct frozen by a Law Firm Mel Harris and Assoc., who claim they are representing Chase. How can that be? When the debt is charged off and/or purchased by another lender?

Can anyone explain this to me?

[cargoman]

It sounds to me as if this debt collection law firm purchased your original defaulted credit card account from Chase. Since they have frozen your checking account then it appears that they served you papers on this matter at some earlier time and obtained a default judgement against you when you failed to answer. Them saying they represent chase is probably an incorrect statement. It is likely that this law firm owns the account and is acting as a third party collector. Do you ever remember being served any kind of papers in the past on this account? it is possible that you were improperly served. Since Your account has been frozen then i think it is time to contact an attorney to get this matter resolved. Contact Bud Hibbs, he can steer you in the right direction.

[Massive]

Elaine Monaghan, on 19 November 2011 - 12:52 PM, said:

I'm not sure if this is the right subject for this post... but hopefully it catches the right ear.
Ok I know what a charge off is...
What if I'm looking at my credit report and I see a credit card that I went bad on. Pay status says: charge off and the company was Hess (Chase Bank). Then down below that there are three categories: Loan type: Credit Card, Remarks: Purchased by Another Lender and Estimated month and year that this item will be removed: 10/2013

I'm concerned about the "Remarks" section. "Purchased by Another Lender" what does that mean? Do they now own the debt? Are they a third party collection agency?

Now here's more information.. I have had my checking acct frozen by a Law Firm Mel Harris and Assoc., who claim they are representing Chase. How can that be? When the debt is charged off and/or purchased by another lender?

Can anyone explain this to me?

Whatever came of your situation?? Did you take any action??

[SunnE]

Massive, on 16 February 2012 - 06:02 PM, said:

Whatever came of your situation?? Did you take any action??

Yes. I'm in the process of suing them because they never served me to defend myself. I put in a motion to show cause and the hillbilly judge that is out our way ruled against me. So I had to step it up and appeal his decision with the Appellate Term Court; the judge granted me a stay on my bank account until we go to trial. So we will see what happens... I'll keep you posted.....

P.S. - Apparently Mel Harris has a large turnover of sleazy staff

[Massive]

cargoman, on 19 November 2011 - 01:52 PM, said:

Them saying they represent chase is probably an incorrect statement. It is likely that this law firm owns the account and is acting as a third party collector.

I don't call it an incorrect statement, I call it FRAUD and it happens way too often.

[Massive]

SunnE, on 17 February 2012 - 08:31 AM, said:

Yes. I'm in the process of suing them because they never served me to defend myself. I put in a motion to show cause and the hillbilly judge that is out our way ruled against me. So I had to step it up and appeal his decision with the Appellate Term Court; the judge granted me a stay on my bank account until we go to trial. So we will see what happens... I'll keep you posted.....

P.S. - Apparently Mel Harris has a large turnover of sleazy staff

Well, if your credit report is accurate, "purchased by another lender" then no entity should be taking any collection action against you stating they are representing Chase. I would emphasize that as well as the improper service. It's common for debt collectors to lie about the true owner of the debt. When questioned in admissions or interrogatories
they love to state, "Chase is the original creditor" or "Citibank is the original creditor" or "Discover Bank is the original creditor" yet I have never seen them state "Chase is the current creditor" it is kind of hard to claim you are the current creditor when you have taken a profit and loss write-off, have received bad debt insurance payments and certified to the IRS the debt as being worthless on your income tax returns. Keep us posted.

[sonnyr77819]

Illinois is a state in which u are not required to be served a summons to appear in court over a matter of what u are going through.
Total travesty of justice.
This " Hillbilly " Judge is probably pro business and u can show him documentation until the cows come home about this dirtbag collection agency and schyster law firm did everything illegal and deny u due process and the Judge like many of them will always come up with their usual Latin phrase

" MAGOTA, MAHIBA, MAHESE "

which in their B.S. legal jargon is that Corporate Americais always right and u wasted enough of my time, i just hope that i can make my 1 PM tee off time for that fundraising golf outing for the Senator who appointed me this position now with that being said G.F.Y.

Read a story on the Chicago Sun Times website this morning about how Cook County Judges are allowed 30 sick days a year without having to provide a Doctors note.
Some of these Judges have taken up to 200 sick days a year and are stil on the bench.
10 months for one Judge for rotator cuff surgery.
I guess that Judge can't bang the gavel with their good arm ?

Anyhow good luck on this and by all means keep us posted.
I hope u can sue and recover a Kings Ransom from this dirtbag law firm and Debt Collecter.