these are junk debt buyers they buy out of date and many times charged off debts for pennys on the dollar. ARI they are bad they are the lowest of the low and will use all kinds of tatics to harrass you.
the first thing you need to do is know the statue of limitations in your state, many times the SOL has expired and they will hope you do not know that.
i recieved a letter form them a few months back about a sprint bill that was over 8 years old stating that they are attempting to collect a debt for LVNV Funding LLC. <sherman>
The original debt was owed to Sprint.
The letter stating my outstanding debt of 561.46
It says they represent the above client LVNV,
Now it was a long time ago that I had sprint I would guess 8 years.
And I am really not sure that I had ever paid this debt off.
Anyway the letter is giving me three options to pay.
1) Is paying 50% of debt owed
2)three installments equivalent to 70% of total debt owed
3)monthly payments
there are a few options
1)send them via certified mail a debt validation letter this is where they must prove to you with original paperwork that you indeed owe said debt <many times they cannot produce this> i take no credit for this sample letter as it was takin froma website i had found.
Quote:
September 10, 2005
Your Name
123 Your Street Address
Your City, ST 01234
ABC Collections
123 NotOnYourLife Ave
Chicago, IL
Date
Re: Acct # XXXX-XXXX-XXXX-XXXX
To Whom It May Concern:
I have received your letter where you claim that I owe a debt to you and/or your company. This letter is being sent to you in response to your attached collection letter. This is not a refusal to pay, but a notice that your claim is being disputed by me. I do not recognize your company and I do not believe I owe you or your company this debt.
Under the Fair Debt Collections Practices Act (fdcpa), which I assume you are aware of, I have the right to request validation of the debt you say I owe you. I am requesting proof that I am indeed the party you are asking to pay this debt, and there is some contractual obligation which is binding on me to pay this debt. Below are a few questions to answer which may help you to resolve these mistakes.
In addition to the questionnaire below, please attach copies of:
· Agreement with any of your clients that grants you the authority to collect on this alleged debt
· Agreement that bears the signature of the alleged debtor wherein he agreed to pay the creditor.
· Any insurance claims been made by any creditor regarding this account
· Any judgments been obtained by any creditor regarding this account
Best regards,
Your Name
--------------------------------------------
Debt Validation Form
Questionnaire to be returned to me for Account #<insert account number here> Original Creditor's Name:
Name of Debtor:
Address of Debtor:
Balance of Account:
Date you acquired this debt:
This Debt was: assigned purchased
Please indicated any credit bureaus to which you have reported negative marks:
Experian ______
Equifax ______
TransUnion_____
2)send them a Cease and Desist based on the expired SOL which i believe applies to the state you are currently living in again i take no credit for this sample letter.
NAME OF COLLECTION AGENCY
123 Fagetaboutit Ave
Chicago, IL 60555
17 April 2022
RE: Account # 1234567890
Dear Sir or Madam:
As per Federal Law (The Fair Debt Collections Practices Act, Section 805) I formally request that you CEASE and DESIST ALL your efforts to collect on the above referenced account and debt.
You are hereby instructed to cease collection efforts immediately in any way, shape or form, this includes phone calls, letters, faxes, third party contacts, internet, calling my place of employment, contacting my friends, neighbors or family members.
If you fail to follow my Federal rights as per the FDCPA I will make sure that you face legal sanctions under applicable Federal and State law.
Do NOT call me, write me, contact my relatives, friends or work place in any way after you receive this letter because that will mean you are violating FDCPA and I will not hesitate to sue you for Federal Law violations which allow me to sue you for $1000 per violation as I'm sure you're already aware.
I will not hesitate to file complaints with the Federal Trade Commission, my and your Attorney General's Office and seek legal action personally if you ignore this letter!
GIVE THIS LETTER THE IMMEDIATE ATTENTION IT DESERVES.
Regards,
|
the above sample letters were from creditinsiders website.
the above letter is what i sent and have never heard anything back from them.
this is my first post im sorry if i repeated any answers. i just know how i felt when i recieved there letter and had i not reserched it i would have paid them for a charged off out of SOL debt.
you will have to excuse my grammar and puncuation english was not one of my strong suits
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