I too have recieved a letter from Island National Group, regarding an account opened 11/98. It says balance due is $329.04. They offered to settle for half... Blah blah blah.
Letter was addressed to my wife, and has her maiden name - account was opened 5 years after we were married - and her first name is misspelled. * EXTREMELY Suspicious *
We *may* have purchased one thing from Fingerhut back in 1998. This is a scam of a scam. Not once in 8 years have we received a "Late Notice" bill.
I just called the number I found at Fingerhut.com, and the nice lady said that Fingerhut / Axsys National Bank closed their doors in 6, and the current company bought the name from Fingerhut. New credit company is CIT.
So, there is no way for us consumers who are being scammed, to call the company, and resolve the issue with Fingerhut, as they have no record of our account status / orders / billing / etc.
Whatever everyone decides to do, please send a copy to the FTC. They can leverage fines, etc. For companies that use these kind of deceptive business practices.
I am writing a Debt Verification letter as I finish this, and will send copies to the 3 major credit bureaus, my Attorney General, the Attorney General for New York (the wonderful Consumer Advocate Eliot Spitzer), and the FTC.
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