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 Posted: Thu Feb 22, 2007 9:25 am Subject: Post Debt validation letter |
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Hi everyone,
I have send debt validation letter to some of my creditors. Most of them haven't answered and it has been 45 days. I have proof that the received it.
So now what??
What is my next step?
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Ash22
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Debtcc Points: 100
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| Posted: Thu Feb 22, 2007 9:27 am Subject: |
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Patience, mine took 3 months, but I am finally seeing some results. did you email them as well, sometimes you get a better turnaround if you do both
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taki2u
Joined: 29 Dec 2006
Posts: 93
Debtcc Points: 1628
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| Posted: Thu Feb 22, 2007 9:32 am Subject: |
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Were these original creditors or collectors? Original creditors do not have to respond to dv. You would send them a debt verification letter which is basically asking for a full itemized accounting of charges and payments. If they are collectors,then they are required to validate. No where in the fdcpa does it specify a time period for receiving validation. It just states that they are not allowed to continue collection until consumer has received full validation. This validation comes from the original creditor so it may take a while. Good luck.
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cajunbulldog
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| Posted: Thu Feb 22, 2007 9:39 am Subject: |
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Some of it is from the original creditors and some from collectors.
If they haven't respond for this long, shouldn't the credit bureau take it off my credit?
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Ash22
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| Posted: Thu Feb 22, 2007 10:30 am Subject: |
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Credit bureau is a different animal altogether. They would receive dispute from you and contact creditor to check status of tradeline. I would always dispute first with creditor. Once that shows it is not going anywhere,then dispute with credit bureaus. If there are errors on report creditors must correct or remove. There is a sticky I posted in the credit repair forum that explains the fair credit reporting act.Check it out.This is the federal law that regulates any and all things that go on consumer reports.
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cajunbulldog
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