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This is a side topic, but related.

In most states, passing SOL does not extinguish the debt.

So, what happens if past SOL debt is added in this sneaky way to new card?

And a particular worry: Debt past SOL with one bank, then that bank is bought out by another.

Hypothetical:

Chase buys Citibank.

Old debt past SOL with Citibank.

New card with Chase - could CHASE sneak old debt onto new card?
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I'm not familiar with First Premier's collection practices specifically, but it's pretty normal for a bank to farm accounts out for collection after they've had a crack at collecting for themselves...They think that the probability of collecting anything had decreased to the point where it is more cost-effective to farm it out.  And it's not unheard-of to change collection agents a couple of times.

Noting in your post suggests that First Premier has sold the account, so they may well be still in it to the bitter end.

As for the new-card offer?  That's a tactic to you into agreeing to them adding the current balance to the new card so that they can continue to keep you hooked into paying their interest charges and fees...which is where they really make their money, pretty much additional risk-free.

Don't fall for it.

And remember, First Premier is a bottom feeder...The prey on people like you who might just not be as smart.

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Original Creditors / First Premier Bank selling or assigning a debt to a CA
« Last post by repair77 on Yesterday at 06:10:01 PM »
It was my understanding that First Premier never did this, that they held the debt long after it became a CO and reported it until the bitter end. I recently filed against them in district court. They've yet to respond formally to my lawsuit, but I just received a letter from Jefferson Capital Systems, who apparently now collecting on their behalf and offering a settle plus eligibility for a new card. Has anyone else experienced this?
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 :vbrofl:

I hope this guy gets what he deserves.
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Last night I ascertained that a little over a month ago my quarry filed a personal BK petition, omitting ALL business activities from the requisite schedule, as well as me as a creditor. I immediately emailed the bankruptcy lawyer the requisite information so that if he continues forward on my quarry's behalf he will be in violation of several federal statutes and legal ethics to boot. Today should be a miserable day for my quarry.
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Flacorps may just have gotten these bottom feeders...
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Brachfeld operated under several different names, and they used "but that is not us" against me when I went after them. I managed to do a screen capture of their own website and submit it into evidence showing that their correct name at the time of the suit was changed afterwards.

While they were bigger, they used the same scumbag tactics....the state collectors license showed yet another name not listed as a DBA.

I got 12K in a default judgment. I paid 125 to sic the sheriff on them or I would not have seen a dime.

They went out of business when an employee won a 1M judgment against them for sexual harassment.
Thank you for posting your experience. Were you able to satisfy all or some of the judgment you had on them? I know that even when you get a writ of execution, there's no guarantee of success. I also know that some folks have had some trouble collecting judgments against JDBs and other assorted bottom feeders.
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Brachfeld operated under several different names, and they used "but that is not us" against me when I went after them. I managed to do a screen capture of their own website and submit it into evidence showing that their correct name at the time of the suit was changed afterwards.

While they were bigger, they used the same scumbag tactics....the state collectors license showed yet another name not listed as a DBA.

I got 12K in a default judgment. I paid 125 to sic the sheriff on them or I would not have seen a dime.

They went out of business when an employee won a 1M judgment against them for sexual harassment.
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This could be fun to watch!
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I'm going to buy my buddy's claim and use ancillary jurisdiction to get it heard in federal along with my FDCPA claim.  :whackacow:
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