This is disgusting, and shows the failure of the collection industry to regulate itself.
The whole story is here, but, be warned, it is not pleasant!
This is disgusting, and shows the failure of the collection industry to regulate itself.
The whole story is here, but, be warned, it is not pleasant!
This is good news! Read the whole story here.
Razor Capital is a junk debt buyer. They seem to move debt from one collection agency to another. When the collection agencies are asked to validate the debt, they cannot do so.
This is a clear indication that Razor Capital, when purchasing debts, did not receive the information necessary to validate them! That means, legally, that the debts cannot be collected!
Learn more about this call from Imperial Commercial here.
Short answer: it is a scam, a “joint venture” between a low end collection agency and the Bank of America.
Atlantic Credit and Finance is operated by the Woolwine brothers, Kelly and Richard. They work with their cousin, attorney John P. Frye.
Like many other debt collectors, they use harassment and abusive practices. On the rare occasions that they go to court, they tend to lose.