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Posted: Wed Jul 11, 2007 9:30 am Subject: Debt Validation from PDL

Okay, so I got sent to collections from Rio Resources, and got sent to Accounts Recievable Management of Florida. I sent a debt validation letter and a cease and desist letter, Certified Mail with Return Receipt Requested. I know that they recieved the letter, as I tracked it, but I haven't gotten the green card back. I haven't heard anything from them, and I sent the debt validation letter back before the 4 of the July, like I think the last week in June. So, what happens now? Do they report me to the credit bureaus? Anyone had any experience with this?

Posted: Wed Jul 11, 2007 9:40 am Subject:

You can download your proof of delivery from usps.com.Just click on delivery confirmation and print it. They don't ever have to respond as long as they cease all collection activities if dv was timely(within 30 days of initial contact). Pull your reports and check to see if they are on there.If they are dispute it as not having account with this company.If they verify account before validating the account,they have violated fdcpa.

Posted: Wed Jul 11, 2007 10:29 am Subject:

Well, Cajun, they aren't calling me or anything. And, I haven't seen anything on the credit reports. Are they ever going to contact me? I got the letter from ARM on june 13th. and, sent the debt validation around the 29th of June, so they got it within 30 days. But, I heard that ARM is not a legal collector? I am about to write this off, but I don't want them to pop up a few years later if I didn't do this right.

Posted: Wed Jul 11, 2007 10:35 am Subject:

Hi. I am a little confused about the whole debt validation thing. The letters should be send to third party collectors, correct? Also, is there a time limit for the debt to be validated in? I am hoping to have some things removed from my credit report. Also, if I don't receive validation within a reasonable time period, is the next step to write to the credit bureaus to dispute the report? Everytime I think I have this all straight in my head, I get confused again. Smile

Posted: Wed Jul 11, 2007 10:39 am Subject:

debtfree,as I stated there is no timelimit on validtion.What will probably happen if they cannot validate is return to original creditor or sold to debt purchaser.

eleroo,please read the first two links in my signature to learn how the fdcpa & Fcra work.By using these laws you can assert your rights effectively.

Posted: Wed Jul 11, 2007 10:42 am Subject:

Well, and if the debt gets sent to the orginial creditor, MTE already told me that I met the terms of the agreement on there end. So, I am still liable for this? When will this all happen?

Posted: Wed Jul 11, 2007 10:49 am Subject:

Ok now you have lost me completely.You were sent to collections even though creditor states that your debt is paid in full.

Posted: Wed Jul 11, 2007 10:54 am Subject:

Yeah, that's what I thought to. That's what MTE told the BBB.

Posted: Wed Jul 11, 2007 11:02 am Subject:

Alright since you have proof that debt is paid in full,it is time to sink this ship!Send them a full cease& desist letter certified return receipt mail along with copy of what creditor sent to bbb.Inform them debt is paid in full.

Posted: Wed Jul 11, 2007 11:04 am Subject: mte

Please go back and check the status of your BBB complaint with the response from MTE. Please read it carefully. They have a "way with words". Be sure it indeed does say that your account is PIF or CLOSED or something. They are very, very tricky. Go back and check their reponse to the BBB.

Posted: Wed Jul 11, 2007 11:06 am Subject:

Cajun is right- if you have the proof that this is paid in full, they can't collect. Make copies of everything you send to them and send it off!!..Karen

Posted: Wed Jul 11, 2007 11:07 am Subject:

Well, this is what MTE told the BBB, plus I overpaid the loan as well:
We have reviewed the rebuttal forwarded to our company from debtfreein08. Again, all terms and conditions of this loan have been met on our end according to debtfreein08's loan contract, which she signed in agreement prior to receiving her loan. She should have a copy of it, which is proof of the calculations which she is seeking.

We are no longer at liberty to make any arrangements with debtfreein08 as her account has been referred to an outside collection agency for handling and we no longer have any control over the account. The Cease and Desist Order which she refers to is irrelevant at this point, as there is no reason that a representative of our company would attempt to contact her for any reason. We will consider this matter closed unless we hear from you

Posted: Wed Jul 11, 2007 11:09 am Subject:

That does not show itself to be a pif or release from loan. It just covers their big behind and directs you to the collector.

Posted: Wed Jul 11, 2007 11:13 am Subject:

Okay, but if they sent it back to MTE, as they have not validated it, then I can show that to MTE and say that they considered the matter was closed?

Posted: Wed Jul 11, 2007 11:16 am Subject:

It would seem to me that you can neg with Mte.Don't let them scare you as they cannot sue you.

Posted: Wed Jul 11, 2007 11:21 am Subject:

Okay, well, I have that letter from them to the BBB. So, if ARM doesn't validate the letter, and MTE tries to contact me, I'll just forward that to them, and state that I would like for the account to be considered PIF, since the collection agency didn't validate the debt, under my rights under the fdcpa, and they told the BBB, that I met their terms, yes?

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