Company: Coast Professional, Inc.
Nature of Complaint: Installment loan; Managing the loan or lease
Result: Company believes it acted appropriately as authorized by contract or law
Response from Company: Closed with explanation
Complaint: A company named Coast Professional Inc utilizing an address of XXXX XXXX, XXXX XXXX, LA XXXX is attempting to collect a purported debt that if valid, would have been at least XXXX years old. Under California law, where this purported debt would have arisen, the Statute of Limitations ( SOL ) is XXXX YEARS. This appears to be a shake down by a shady firm who probably bought this debt for XXXX cents on the dollar and is hoping that people will acknowledge the debt and restart the SOL. This is harassment. I have responded them in writing, as requested by the shady company, that I do not acknowledge the debt and that I am reporting them to the CFPB. Moreover, in there letter, it states that if you do not dispute the validity of the debt in writing – they will construe silence as a reaffirmation of the debt.. ( 1294899)
Submitted on 3/26/15 by a consumer in NJ