So confused...

Be careful with the words "verify" and "validate". They probably already have "verified" the account, (ie, that they have an alleded debt with your name and address). They must show that the account is valid, and that you are contractually obligated to pay it. Don't admit to even a portion, or you might be held to the full amount. I've heard of this happening in court.

Yeah I'm disputing the debts I have because of all the added on fees it doubles what I really owe, I don't think that's right so I'm disputing these debts because of that. I didn't really tell them why I was disputing the debt just that I was lol. However with this company FMA before I came to this site or even knew I had rights I had agreed to a settlement over the phone they were supposed to send me papers to sign, however that same day I started doing research.

The guy I was talking to on the phone seemed like an alright guy and we were trying to work out a settlement then his supposed supervisor gets on the phone and was just a total jackass so I basically told him to shove it. He said he was sending court papers and wanted to know if I had counsel and where to fax them to, anyways after I got off the phone I got all worried and scared called them back setup this settlement. (gave them my checking account number for the post dated checks stupid I know). Anyways I do some research find out I have all these rights I knew nothing about so I call them back at the end of the day and tell them I'm disputing they say they are going to have to cancel the checks I said fine.

Now I'm worried I reset the SOL on that debt and I'm also worried that they'll try to take money from my account anyways. I'm pretty sure it would be illegal for them to do that but I'm no attorney. I didn't sign anything but did agree over the phone that can't be good.

Anyways I get back another one of my validation letters today and it's not even credit card statements just a piece of paper with account info on it, I'm pretty sure that doesn't count =)Do these CA's do this crap on purpose or do they really just not know the laws that well?

Thanks for all the replies I'm starting to feel a whole lot better about all this and hopefully I can get these debts taken care of without overpaying.

bebauch go to your bank and tell them to not allow ACH debits or close your account. Most likely they are still going to take money from your account. They will also more than likely reset the date for SOL.

You may have to close your account and re-open another. I'm no attorney either but in my opinion u agreed to this settlement under duress!! They scared u into making payment arrangements as they do with lots of people! Doesn't seem fair!!
Good Luck,
Ang

I don't know where you can find out exactly where it will tell you about your state laws and intrest on credit cards. You could try with the fdcpa site first then your state site.

Well my bank basically said they can't do anything on their end because I gave out my account info and they have no idea how the payments would go through, they said they could do a stop payment on them but still dont know if it's a check or what.

FMA keeps calling me even though I stated in my DV letter that they only contact me in writing, I dont answer my phone but they've left two message on my voicemail in the past two days. Just because they beleive they Validated my debt fully do they get to continue collecting right after or do they have to wait the full 30 days?

They violated the fdcpa by saying that they are litigating. By doing this they also committed fraud (ie.,actions or words (including failure to act or remaining silent) designed to trick or deceive a person into giving something of value, whether money, property or legal rights, to another).

I just realized something on this other letter I got from Bureau of Collection Recovery well actually I got it from Atlantic credit and finance, but it has the info that BCR is trying to collect on, are these two companies the same? I'm not sure which one to respond to BCR or Atlantic, because they sent me a verification letter not a Validation of Debt heh so I need to send them another letter explaining to them what the law states I'm entitled to.