Debt Validation
Date: Sat, 07/16/2005 - 20:57
Hi Heather Welcome to forums You should contact the collec
Hi Heather
Welcome to forums
You should contact the collection agency immediately and ask them to validate your debt. They are bound to validate your debt as per fdcpa. If you do not receive any response from them, lodge a complain against the collection agency in FTC. They will help you to sort the matter.
SOL stands for Statute of Limitation. It is a law which confines the time limit within which a suit against a default borrower may be commenced before the right to sue that borrower is lost. SOL varies from state to state.
Hope to hear from you soon.
Regards
Peter
Hi Heather Your latest credit report must be furnishing some
Hi Heather
Your latest credit report must be furnishing some important information relating to the said debt. Please gather some data from there and contact your collection agency as soon as possible.
Please act fast because this entry in collection is hurting your credit profile. It is considered as a negative mark in your credit report and you might have difficulties in acquiring new credit.
Regarding SOL, please tell us the last activity that took place in the said debt. Also mention the state in which this debt occurred. We will be able to help you in this matter with some useful information.
Regards
Roxette