Referral Services
Foundation Of Service
The consumer should be able to:
- Understand The Costs Of Credit.
- Understand How The Bank Arrived At The Balance Allegedly Owed.
- Calculator And Check The Results Arrived At By The Bank.
Note: A consumer has a legal right not to be the victim of abusive and unlawful debt collection practices.
Working With The Law Firm
The law firm will ask that you to read the disclosure on your most recent statement. Then that you recreate the math arrived at by the banks computer. If you can understand how the bank arrived at the balance due when you recreate the math then notify the firm immediately.
If the firm isn't notified, they will perform the following services:
- Draft a billing dispute notice and send it to the bank.
- Draft a letter of representation informing the bank that you are represented by an attorney. That your attorney demands the following:
- The account be placed into dispute status.
- The bank provide your attorney with:
- Original Advertising
- Signed Credit Card Application
- Last 12 Months Worth Of Periodic Statements
- Brief Description Clarifying The Manner In Which The Bank Arrived At Balance Allegedly Owed
When this is sent to the bank, you are required to do the following:
- Forward any letter(s) you receive from any bank, debt collector, or attorney. This includes any legal pleading (lawsuit filed against you).
- Monitor your commercial credit report for any negative information reported after the dispute has been initiated with the bank. Contact the law firm directly if this happens.
In the event the creditor violates the law, the law firm can file a claim against the creditor in either Federal Court or the National Arbitration Forum.
In the event that the bank does not violate the law, the Bank usually sells your information or the account to a “Third Party Debt Collector”. If this happens, you'll be contacted by mail or phone. Once your account has been placed with a collection agency, it is your responsibility to log the telephone calls, forward the letters, and immediately notify the law firm.
Then the law firm will demand that the debt collector:
- Ceases Contact With You
- Validates The Debt
- Desists Future Contact With You
Once again it is your responsibility to log collection calls and forward any letters you receive. If you are entitled to damages in excess of the alleged debt because the Collection Agent violated the law, the law firm will either file a claim against the bank in the appropriate Federal District Court or the National Arbitration Forum.
The services above are performed within twelve to sixty months. You shouldn't expect that the services will be completed in less than twelve months. However, in some cases the law firm may be able to negotiate settlement agreements in less time.