Please explain to me about this debt validation
Date: Mon, 11/06/2006 - 22:44
Welcome to the Community :D Here is some info on debt validatio
Welcome to the Community :D Here is some info on debt validation,what it should include,etc., at http://www.debtconsolidationcare.com/validation.html Alot of junk debt buyers will try to settle when they don't even have proof they can legally collect, so make sure they are. Good Luck...Karen
When the debt is past the sol period, the collector may put that
When the debt is past the sol period, the collector may put that info in response to your request of debt validation. The federal laws require the collectors to give out specific information about the debt. However, additional information can be requested.
Get the debt validated from the present company to make sure they have your file. If you end up paying to the wrong company, someone again will contact you later and ask for payments. You will realize paying to the wrong company who were not authorized for collections.
Insert your info into this debt validation letter and send it through certified mail with return receipt requested.
Quote:
Date Your Name Name and Address of original creditor Re: Acct # 000-000-000-000 To Whom It May Concern: This letter is regarding account # 000-000-000-000, which you claim I owe. This is not a refusal to pay, but a notice that your claim is disputed. I am requesting validation, made pursuant to the Fair Debt Collection Practices Act. Please note that I am requesting "validation"; that is competent evidence bearing my signature, showing that I have some contractual obligation to pay you. Please also be aware that any negative mark found on my credit reports from your company or any company that you represent for a debt that I don't owe is a violation of the Fair Credit Reporting Act; therefore if you cannot validate the debt, you must request that all credit reporting agencies delete the entry. Pending the outcome of my investigation of any evidence that you submit, you are instructed to take no action that could be detrimental to any of my credit reports. If you no longer own this debt, remove the derogatory marks from my credit report per the FCRA. Failure to respond within 30 days of receipt of this certified letter will result in legal action against your company. I will be seeking a minimum of $5,000 in damages for: 1. Defamation 2. Negligent Enablement of Identity Fraud 3. Violation of the Fair Credit Reporting Act For the purposes of 15 USC 1692 et seq., this Notice has the same effect as a dispute to the validity of the alleged debt and a dispute to the validity of your claims. This Notice is an attempt to correct your records, and any information received from you will be collected as evidence should any further action be necessary. This is a request for information only, and is not a statement, election, or waiver of status. Best regards, (insert your name) Cc: (Insert a lawyer's name here), Esquire |
