Hello all,
I just received a letter from ARS National Services stating my account with JPMorgan Chase Bank "has been placed with ARS for collection." I am guessing the OC has not sold the debt based on this wording. They are stating "unless you notify this office within 30 days that I dispute the validity of the debt, the office will assume the debt is valid. If you notify this office in writing within 30 days after receiving this notice that you dispute the validity of the debt, this office will obtain verification of the debt or obtain a copy of a judgment and mail you a copy."
The debt is roughly $7000. I know that Chase amended their card agreement before my account charged off to have a rather nice arbitration clause stating they will never collect the fees of arbitration, etc. The account was charged off sometime after Q2 in 2019. I am trying to clean up my finances and am now dealing with a lawsuit (described in another thread) and now this. There is also another situation with Bank of America, they initially filed suit back in February or March, but I never got served and then they dismissed with prejudice rather randomly. I am sure they will be back. But for the purposes of this thread we can focus on this letter from ARS.
I know there are mixed feelings on DV letters--anyone have any experience with ARS? I searched the forums but only found a handful of threads which were mostly old, some ~10 years old. What is everyone's opinion on the DV letter? Should I send one and what should it look like? Also, I am in no position to settle for anything close to the owed amount but...I know Chase is starting to litigate again. I really don't want another law suit on my hands but I guess if I don't have even 50% of the owed amount, there isn't much I can do? I will be continuing to file through the forum. I just got this letter today.