PatTor
Jan 24, 2012, 10:42 AM
Ok so I'm in Ontario Canada, in 2008 my credit card defaulted. In 2009 I received an email from a collection agency asking me to pay up, or they would take me to court. (I moved and changed my number, it was the only way to contact me) I was living in another country at the time and had no idea about the 2 year limit for legal action in Ontario. Anyway they might have taken it to court, so I started making payments. The debt was about 1600 bucks. Since then I have paid over 1000 bucks off.
I recently checked my credit report and it said that this debt was owned by another company called Ak***. So when I contacted the guy who originally emailed me he said yes he is acting on their behalf. (note I didn't name the company in the question to him, and he named it to me in his reply). He did check my report, so I don't have proof I have been paying the right company.
Secondly, the original debt was about 1130, plus interest.. (the collection company added the interest themselves). Here is exactly what my credit report says:
Date Assigned: 2010-06 Account Number: *******
Collection Agency: AK*** ****** Reason:
Amount: $1,130.00 BalanceAmount: $333.00
So my question here is what does Balance amount mean? The email guy said :"Portion remaining on principal "... Does this seem right? Is it possible that the $1000 I have already paid means, my balance has been paid off?
So my questions:
1) This ´acting on behalf` business seems sketchy, should stop paying and let them take me to court?
2) Do they have a right to collect interest? It's a lot!
3) I want to argue I have paid off my balance, the $333. Again should I stop paying and let it go to court?
4) If I do let them take me to court, would it be worth it for them to go after $680 bucks?
5) do they have to first find me, before a hearing can be arranged? Because I'm far far away right now. (or does email count?)
Thanks!
I recently checked my credit report and it said that this debt was owned by another company called Ak***. So when I contacted the guy who originally emailed me he said yes he is acting on their behalf. (note I didn't name the company in the question to him, and he named it to me in his reply). He did check my report, so I don't have proof I have been paying the right company.
Secondly, the original debt was about 1130, plus interest.. (the collection company added the interest themselves). Here is exactly what my credit report says:
Date Assigned: 2010-06 Account Number: *******
Collection Agency: AK*** ****** Reason:
Amount: $1,130.00 BalanceAmount: $333.00
So my question here is what does Balance amount mean? The email guy said :"Portion remaining on principal "... Does this seem right? Is it possible that the $1000 I have already paid means, my balance has been paid off?
So my questions:
1) This ´acting on behalf` business seems sketchy, should stop paying and let them take me to court?
2) Do they have a right to collect interest? It's a lot!
3) I want to argue I have paid off my balance, the $333. Again should I stop paying and let it go to court?
4) If I do let them take me to court, would it be worth it for them to go after $680 bucks?
5) do they have to first find me, before a hearing can be arranged? Because I'm far far away right now. (or does email count?)
Thanks!