Consumer complaint received 2023-02-09
Company: TRACO INVESTMENT CORP
State: CA
Product: Debt collection
Sub-product: I do not know
Issue: Attempts to collect debt not owed
Sub-issue: Debt is not yours

Complaint:
After researching debt collection laws it has come to my attention that this company fraudulently filed a lawsuit on a time-barred debt and my wages are being garnished 17 years later and theres no validation or verification of a debt of any kind between this company and myself. Seems they lied and filed a small claims case to collect a debt that they are not owed and I only heard of this company less than a year ago. The claim is I owe them a debt from XXXX with XXXX XXXX XXXX and that II was served to go to court in XXXX. Theres no verification of a contract, no signatures and I could say there were no verbal agreements engaging myself and them in any contractual agreement. It seems they are using or used at this stage unethical and unlawful tactics and manipulated the courts all the while violating several debt collection practices acts and committing fraud having zero regard for any laws. 

Even though there was a determination in the case, I was never able to defend myself and I stated to the judge the Statute of Limitations had passed since the time the debt was first reported in XXXX. I was in contract with XXXX XXXX NOT this company. SEE Uploaded confirmation. The State of California Commissions on Judicial Performance should investigate as I filed a complaint as well. How this is possible looking at the Federal and State Statute of Limitations on debt collections, FDCPA, FTC and other agencies, I dont know if theres anything about this claim thats legit and operating within the law. My choices now are to pay it. ( If I actually owed this money Id be okay with paying ), or I need to file XXXX XXXX bankruptcy or leave my job or file a lawsuit myself for violating The Fair Debt Collection Practices Act. I dont really want to do any of these things but Im left with no choice. Im already tax exempt and now have to pay a free hand out to a company I'm NOT in debt with. What about all the other victims that are going through hardships due to corrupt and fraudulent companies such as this one. Every government agency this letter finds somehow needs to invoke an investigation into these deceptive practices. 

***The FTC claims this on their website The FTC enforces the Fair Debt Collection Practices Act ( FDCPA ), which makes it illegal for debt collectors to use abusive, unfair, or deceptive practices when they collect debts. I will be filing with them, the Attorney General, FDCPA, CFPB, XXXX  and every governing agency available. Lets see what happens. 

Also, someone from this company called my work and was directing the business office to deposit money into there account from. That is not allowed and I personally do not authorize any calls on my behalf to my work. .The Law clearly states that a Time-barred debt is not enforceable after 7 years and thats IF there ever was a debt. So how is this able to hold up? How is it being enforced? A Judge should know the Laws and have dismissed this mockery from day one. Feels very corrupt. So what will the CFPB actually do about this? I dont need a mediator. I'm sure it's too late, I got duped but It deserves to be looked at for all the other victims dealing with this sort of XXXX. You will see I uploaded proof of the original start date from an old credit bureau and the creditor from XX/XX/XXXX. Something stinks here and it needs attention by the government.

Company response to consumer: Closed with explanation