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Posted: Mon Apr 28, 2008 6:12 pm

I guess SOME CA'a really do send proper validation. I sent a validation letter to Powell, Rodgers & Speak who were representing a credit card company. My card had a credit limit of $100.00. I owed approximately $60.00 on that card. They wasted NO time turning it over to collections. Well now, it's up to $232.00, in a matter of a few months. Those $25.00 late fees sure did rack up quickly! Anyway, I suppose my next move is to send them a settlement offer, any suggestions? Please?

Guest · Posted: Tue Apr 29, 2008 1:12 am

Tell them that you'll pay the $60.00 that you owe and nothing more.

Posted: Tue Apr 29, 2008 3:31 am

What all did they send you as validation? In this case, I'd want to look at the original contract, seeing as how 75% of the total is fees and interest.

Posted: Tue Apr 29, 2008 4:49 am

unclewulf:

Posted: Tue Apr 29, 2008 5:07 am

settlement sounds ok,i hear ya though.my rewards 660 account was vaildated.worked out a payment arrangement for the total amount.they marked it pif in my credit report,so there are some for legit debt that will validate.

Posted: Tue Apr 29, 2008 5:22 am

OK, not trying to hijack this thread, but I don't think this question would require me starting another thread and I think my issue relates to Shazzer's. If not, maybe a moderator can just move my question to its own thread.

I too received my first "validation" to a DV letter about a week ago. It was also the first and only response I have received so far to many, many DV requests. I guess I shold be excited I've received any response at all!

Now, my question is this. Are copies of the front of about 4 statements proper validation? The most recent statement was from 4/2007, which is about correct as about the last time I was able to make a payment as that's when my funds finally dried up. They sent no copy of a contract with my signature on it as well as not proof that I'm obligated to pay the CA in question and not the OC.

The letter they included advises that's all they are required to provide, according to the FDCPA and I can conveniently contact their offices to negotiate payment.

I'm thinking, no way! They have not properly validated and I need to send them a letter advising them of this. I also think I need to remind them of the partial Cease and Desist in my original DV request, as I have no plans of calling them and I don't want them to take this as their cue to start ringing my phone off the hook. I still only want to deal with them by USPS.

What do you guys think?

Posted: Tue Apr 29, 2008 5:51 am

I too have received three so called" Validation" letters.
Two from Mann Bracken and one from Oiliphant.
However they do not seem right to me as they did not
respond to all the questions .. They sent a notary
signed paper that some agent from the creditors was authorized to say I owed.
No break down of fees Late charges etc ... No original contract...
So next week I have an apt with a consumer lawyer here in Ft Worth to see what he says about them...

Posted: Tue Apr 29, 2008 6:00 am

A notarized statement just saying it's yours doesn't cut it.

Posted: Tue Apr 29, 2008 9:07 am

So I'm presuming just receiving 5 copies of statements isn't correct validation either?

Posted: Tue Apr 29, 2008 9:47 am

Just because they have statements does not establish their legal claim to the debt in question. A copy of the original contract that you signed as well as a bill of sale or assignment contract would be the very least of what I would consider correct validation.

Posted: Tue Apr 29, 2008 9:58 am

JCEMT - I believe you are correct - them just sending statements does not prove it's your debt. They need to prove the debt is yours and provide something that indicates such.

No Nonsense Collector · Posted: Tue Apr 29, 2008 10:08 am

edited by FYI. Please ignore this post and poster.

Posted: Tue Apr 29, 2008 10:47 am

Geez!

Nonsense! How about: Why don't you shut your pie-hole if you don't have anything useful to say?

Which would be pretty much all the time.

No, no, I take that back. I love to read your asinine, ridiculous posts. They're quite entertaining at times. And everyone is entitled to his/her opinion, even if it is incorrect.

I also realize debt validation has been a difficult concept for your enfeebled brain to comprehend; however, it is real and covered by the FDCPA. You might take the time to read and/or comprehend the responses you receive to your comments and you just might learn something.

Thanks guys, I figured just sending copies of statements wouldn't cut it. Just about anyone could fraudulently get copies of statements. Or, with a halfway decent Word or Publishing program, could dummy up statements claiming they're mine.

I'll be glad when your Internet gets turned off again, because you didn't pay your bill. Then we'll have some peace from you and your silliness for a week or so.

Posted: Tue Apr 29, 2008 7:25 pm

Does anyone have any suggestions on what seems like a good settlement offer?

Posted: Tue Apr 29, 2008 7:54 pm

Shazz offer them 50% if they own it and 60% if it's still owned by the creditor.

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