Oh, Michael. What have you done now? An Indiana bank is suing Mr. Vick for not paying loans related to a car rental business:
Vick signed loan agreements as the CFO of Divine Seven, which bought at least 130 vehicles, including many Kia Spectra and Ford Taurus cars, through 1st Source Bank loans, according to documents filed in U.S. District Court in South Bend on Wednesday.

A phone call Friday to a number listed on loan documents for Divine Seven was answered by a clerk at a Payless Car Rental office in Atlanta. The Associated Press left a message there for Art Washington, who signed some of the loan documents as Divine Seven's CEO.

According to the lawsuit, 1st Source Bank made a written demand for payment on Aug. 24, but Vick and Divine Seven have "failed and refused to pay." Wait, Art Washington? Is that like Ron Mexico? Or that an actual person? Oh well. We don't really care. According to the lawsuit, Vick owes $2 millionish for the cars. To make matters worse according to the Atlanta Journal-Constitution, a Canadian bank has sued Vick in federal court in Virginia claiming he defaulted on a $2.5 million line of credit he took out to use to invest in real estate.

Bad consumer.
A reader whose wife received a debt-collection notice from AFNI regarding a seven-year old Verizon account was actually just one of over a million consumers getting a similar letter, The main parking garage for the U.S. Bankruptcy Court in New Hampshire only accepts credit cards, reports Fair-Debt-Collection.com has a sample letter to use when disputing a debt with a debt collector. You would want to do this if the debt belongs to another person, the amount is wrong, the statute of limitations on the debt has expired, or you just feel like making them prove that they actually, legally, own the debt.

The site advises to send letters by "official mail - return receipt requested." Also, they note that the collector is under no obligation to respond and oftentimes if they can't verify the debt they will just sell it to another collector.

Initial Debt Collection Dispute Letter

Today's Date

Your Name
Your Address

Collector's Name
Collector's Address

Dear {insert name of collector or company},

I am writing in response to your (letter or phone call) dated {insert date}, (copy enclosed) because I do not believe I owe what you say I owe.

This is the first I've heard from you, or any other company on this matter therefore, in accordance with the Fair Debt Collection Practices Act, Section 809(b): Validating Debts:

(b) If the consumer notifies the debt collector in writing within the thirty-day period described in subsection (a) that the debt, or any portion thereof, is disputed, or that the consumer requests the name and address of the original creditor, the debt collector shall cease collection of the debt, or any disputed portion thereof, until the debt collector obtains verification of the debt or any copy of a judgment, or the name and address of the original creditor, and a copy of such verification or judgment, or name and address of the original creditor, is mailed to the consumer by the debt collector.

I respectfully request that you provide me with the following information:

* (1) the amount of the debt;
* (2) the name of the creditor to whom the debt is owed;
* (3) Provide a verification or copy of any judgment (if applicable);
* (4) Proof that you are licensed to collect debts in (insert name of your state)

Be advised that I am fully aware of my rights under the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. For instance, I know that:

* because I have disputed this debt in writing within 30 days of receipt of your dunning notice, you must obtain verification of the debt or a copy of the judgment against me and mail these items to me at your expense;
* you cannot add interest or fees except those allowed by the original contract or state law.
* you do not have to respond to this dispute but if you do, any attempt to collect this debt without validating it, violates the FDCPA;

Also be advised that I am keeping very accurate records of all correspondence from you and your company including recording all phone calls and I will not hesitate to report violations of the law to my State Attorney General, the Federal Trade Commission and the Better Business Bureau.

I have disputed this debt; therefore, until validated you know your information concerning this debt is inaccurate. Thus, if you have already reported this debt to any credit-reporting agency (CRA) or Credit Bureau (CB) then, you must immediately inform them of my dispute with this debt. Reporting information that you know to be inaccurate or failing to report information correctly violate