Helping You Deal with a Bad Debt with RJM Acquisitions

Tips on Dealing with an RJM Acquisitions Bill Collector

RJM Acquisitions, LLC is a consumer debt collection agency that has been known to buy debts that have passed the statue of limitations for collection. Two of their clients include a book subscription club and Fingerhut®.

The RJM collection agency does not have a website, but they have a large presence on the web -- due to the many complaints against them. According to the complaints posted online, RJM has reportedly harassed people to pay debts they never owned, promised to remove the collection from their credit report but never do, and have offered a gift in exchange for payment on debts that are no longer valid.

With complaints on the rise, RJM Acquisitions, LLC was one of the collection agencies subpoenaed by New York Attorney General, Andrew Cuomo as part of an inquiry into debt collection tactics.
See: http://buffalo.bizjournals.com/buffalo/stories/2009/05/25/daily19.html.

I had many collection agencies reporting damaging information on my credit so I hired a law firm to clean up my credit history.

How to Stop RJM Debt Collectors from Contacting You

The Fair Debt Collection Practices Act is a powerful set of collection agency rules and regulations designed to eliminate practically all of the deceptive, distasteful and dishonest collection agency tactics. It provides you with a "Cease and Desist" mechanism you can use to immediately - and Finally - stop the incessant phone calls to your home or work.

The operative phrase to use to verbally command a bill collector to cease and desist is: "I refuse to communicate with you orally or in person. Anything you have to say to me, please put in writing."

WARNING: A cease and desist demand does not eliminate a legal obligation to pay a debt. In fact, it may accelerate a creditor lawsuit against you, which may result in having a judgment entered against you, wage garnishment, or property attachment.

How to Settle RJM Debt for Pennies on the Dollar

Chances are that RJM has placed a collection or charge offs on your credit report. Collection agencies use this distasteful tactic to strong arm you into paying off an account. An unsatisfied charge off on your credit report wreaks havoc on your finances and could prevent you from getting new credit like a mortgage or auto loan.

The normal reaction is to immediately pay off the collection/charge off and move on with your life.

BUT WAIT: Paying an RJM collection without first negotiating to protect your rights is foolish - and could even further damage your credit rating!!!

First, you should absolutely try to negotiate for a lesser amount. Collection agencies typically purchase accounts in bulk - often for 10 cents on the dollar - and even less for accounts that are beyond the statute of limitations. Since a bad debt has already been charged off, paying the full balance is doing nothing to help you and only making the bill collector rich!

To get the upper hand in negotiations, consider these helpful tips:

(1) Validate the debt using your debt validation rights under the FDCPA. Often collection agencies who fail to validate a debt must cease collection efforts, erase bad marks from your credit report - and give up collecting the debt.

If you don't have a proven debt validation letter - or are unsure of the process, you may consider employing an affordable credit attorney who has experience with these matters.

(2) Check to see if the Statute of Limitations has expired - an expired debt typically can be resolved with a lower settlement offer.

(3) Remain Patient and Choose Your Words Carefully - negotiating with an RJM bill collector is never a fair fight! They are trained professionals and master manipulators. They are skilled at getting you to make damaging confessions, or otherwise say things to put yourself at a disadvantage.

Remember, dealing with bill collectors from RJM Acquisitions can feel like a high stakes poker match. You must never show your hand and always keep your poker face!

How the Lexington Law Firm Cleaned Up my Credit History

I began repairing my credit by contacting collection agencies similar to RJM Acquisitions hoping to bargain with them in exchange for deleting the negative credit report information. However, the agencies flatly refused to correct my credit report and continued to damage my credit history. The whole process was more frustrating that I anticipated.

I needed to clean up my credit sooner rather than later so I contacted Lexington Law Firm and they immediately began repairing my credit. They got rid of the collection agencies and also fixed other items including a large credit card judgment and charge offs (see the letter below).

I actually enjoyed checking the mail and opening letters from Lexington Law showing me that negative collection agencies were deleted from my record. Plus, getting rid of the negative credit improved my score. Each time Lexington Law deleted an item, my credit score improved by about 20 points or so. Overall my credit score improved from 588 to 729!

Here is one deletion letter showing 2 Charge Offs and a Judgment Deleted!

Letter Showing Negative Credit was Erased From my Credit History

 

My Credit Score of 729 is Above U.S.A National Average

Once my credit history was cleaned up my credit score was actually above average for the first time in years! Because of the work Lexington Law did on my credit, my score improved by more than 140 points.

Here is a chart which shows each month of improvement:

Credit Score Chart

I would recommend the Lexington Law Firm to anyone struggling with bad credit or fighting with collection agencies like Collect America . The Lexington attorneys can delete all kinds of negative credit including bankruptcies, judgments, collections, charge offs, and more.

Delete Collect America and Raise Your Credit Score Today!