Urgent!!!! Absolute and Their Parent Company?!?

[dengar]

What is absolute's parent company name? Is it Absolute Entertainment?

I need to know because I just received a very interesting letter in the mail and wanted to double check that is was from the right place before I post the whole story in here.

[usmfan]

Google is your friend. And I'm not even going to link it for you. So there.

[dengar]

Ok, this is what my friend google told me "Fiducia Exchange Limited"

The reason I posted this is because I have just received a letter from a collection agency because I apparently owe $1900 to Absolute Entertainment (Fiducix).

$1900 is the total of all of my absolute deposits.

I closed the account at least 6 weeks ago and never heard anything from them until today.

I cashed out a total of $2067 prior to closing my account. I am just posting this to see if they have done this with anyone else. I am not really worried because I didn't do anything wrong. I am just worried that this is going to be a pain in the ass to correct the situation.

[OldYoda]

This will be interesting. [img]/images/graemlins/wink.gif[/img]

[Quercus]

Wasn't there a similar posting a couple of weeks ago?

[Jurollo]

Absolute doesn't get money from Visa for something like 3-6 months. Therefore your deposits somehow bounced and now you owe them the total of these deposits.
~Justin

[GrannyMae]

I am not really worried because I didn't do anything wrong. I am just worried that this is going to be a pain in the ass to correct the situation

PLEASE take my advice here.

you have to be less relaxed about this. you have to be very aggressive and MAKE SURE that this is resolved with the collection agency or absolute asap.

if the collection agency puts this on your credit report, it could take you YEARS to have it removed because of the overseas aspect.

with a $1,900 judgement or late pay on your credit report, your life will change as you know it if you had perfect credit prior to this.

don't let a day go by until this is resolved. the people you need to convince that this is an error is the collection agency. also, BE POLITE! once they hit the 'submit' button and place anything on your report, you are absolutely (no pun intended) fukced!

[Randy_Refeld]

go to www.artofcredit.com Someone pointed me to the site when one of my deceased father's debts showed up on my credit report.

[dengar]

[ QUOTE ]
Absolute doesn't get money from Visa for something like 3-6 months. Therefore your deposits somehow bounced and now you owe them the total of these deposits.
~Justin

[/ QUOTE ]

Can you be a little more specific about this. I am a little confused. All of my deposits were made with Neteller using funds that were in the account. That means I am ok correct?

Granny I appreciate your advice and be assured that I will take care of this ASAP. The collection agency that is in control of my account ironically enough is a client of the company I work for. Hopefully is this gets ugly I will be able to level with the collection agency.

I will keep you guys posted on this situation and please if anyone has any more advice on this topic please don't hesistate to input your 2 cents.

[StellarWind]

[ QUOTE ]
I will keep you guys posted on this situation and please if anyone has any more advice on this topic please don't hesistate to input your 2 cents.

[/ QUOTE ]
Is your Absolute account truly closed or did you just take all the money out? Maybe someone has taken over the empty account and is misusing it. I would try to log in if possible and find out what is going on.

Other ideas:

1. Politely contact Absolute and ask them what the problem is. Diplomacy first, war later.

2. Ditto the collection agency.

3. Check your Neteller transaction history and talk to Neteller. Make sure Neteller actually paid Absolute and didn't charge it back for some reason.

4. You don't mention what country you live in. I'll assume USA. In addition to your usual rights with debt collectors you may have additional weapons related to gambling. Absolute has no legal right to do business in this country. Furthermore gambling debts in general are not enforceable in many jurisdictions. They probably cannot take this matter to an American court and the collection agency may face regulatory restrictions because it's possibly not a legal debt (even if it were real). It may seem stupid that legal technicalities might carry more weight with the collection agency than the fact that you don't actually owe money, but that might be the way it is. The same considerations may apply to the credit reporting agencies. They may not be willing to touch online gambling especially if you press the point.