Early last month I received a collection letter from a company known as Lakewalk, LLC which had been assigned by Chase Bank USA. I sent a request for validation letter as is commonly suggested. Last week I received a response from Lakewalk which lists Chase Bank USA, a credit card number, and an assigned amount. They also listed the following:
"In response to your letter dated October 10th, 2011, we have conferred with our client and they have confirmed the validity of this debt.
"[V]erification of a debt requires nothing more than the debt collector confirming in writing that the amount being demanded is what the creditor is claiming is owed." Clark v. Capital Credit & Collection Servs., 460 F.3d 1162, 1174 (9th Cir.2006); citing, Chaudhry v. Gallerizzo, 174 F.3d 394, 406 (4th Cir.1999), and, FDCPA Section 809, Validation of debts, 15 U.S.C. Section 1692g."
The letter closes listing Chase Bank as the original creditor and provides their P.O. Box address.
How shall I respond to this letter? It seems they've done everything required of the FDCPA but many people say they must send documentation from the creditor, statements, payment history, or a signed contract?
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.