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Re: OT scams and bad days


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Posted by cadet trooper on July 23, 2009 at 15:30:07 from (69.223.32.212):

In Reply to: OT scams and bad days posted by rrlund on July 23, 2009 at 10:19:03:

This is a great topic not so for me now but many years ago maybe in the early 80s a lot of us baby boomers were being threatend by collection agencies of being taken to court by them so much in fact that many of the local newspapers did an article about rights and said collection agencies cannot take you to court because even though they bought the bad debt they do not have the original finance agreement signed by both parties which has to be initiated by the originator. Not to steal the thread but has anybody ever been sued by a collection agency or has the law been changed? Maybe it's state by state I live in Ohio. I'm certainly not an attorney but looking back at a recent deal where a woman won her house from foreclosure because the bank couldn't produce the original contract someone must produce the original finance agreement when you show up in court. Just curious CT


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