Collection letter from FirstSource looks like check and Target can take a hike
It looked like a check!
As I opened my mail and scheduled payments, I wondered what that check was.
So I see FirstSource, thinking it’s a bank and then I read:
“Your account has been listed with our office for collection.”
Huh? What? It’s for over $7k. WaMu? No. American Honda.
Finally I noticed some guy’s name on it. It’s my correct address. I’ll send it back to FirstSource. It’s a very professional looking collection letter, polite, no threats, no violations.
TARGET had a change in terms, changing the definition of the prime rate.
The “Prime Rate means the highest U.S. Prime Rate published .... For each billing period we look at the Prime Rate onf the first business day of the month previous calendar month and the last business day of the previous calendar month. The Prime Rate used to determine ..... is the higher of those two Prime Rates. ... [emphasis added]
I had just scheduled my payment, the rate is 18.24% and reading this, I feel like deleting the payment and moving them to the WaMu file.
I have paid Target SO much interest. Well, no time like the present to call for a lower rate. The feds lower rates every few days and Target RAISES my rate.
The first time I called, I couldn’t get to a person and the system disconnected me when I pushed zero.
The second time, I finally got to talk to an Indian guy. He was very polite, requested a lower rate and while waiting for his system to respond, was talking about some Kodak stuff. Then he politely told me that my request for a lower rate was declined.
He was at a loss for words when I told him that it’s ok, I’ll just stop making my payments. He assured me I’d get a letter with the reason for the decline. And I CANCELED my $226.35 payment online.
So there.
Considering that I’ve wasted endless hours on litigation to try to get them to report the credit limits, I really have no idea why I didn’t stop paying them a long time ago.
Posted by Christine on 02/27/2008 at 08:22 PM
2004 Suit (credit limits, credit reporting - on appeal) • RNB (Target) - FINALLY reporting credit limits • (0) Comments • Permalink
