Did I do the correct thing?
Date: Thu, 04/26/2007 - 16:22
Budmas
How is the loan office reacting to you when they know that CBCS
How is the loan office reacting to you when they know that CBCS doesn't have complete information about your debt? They should be fair enough to understand that when you have asked for the debt validation from the collection agency, you are not responsible to pay until all the details are given to you. Chances are that you might pay to the wrong company because of not having the necessary details. Besides, you have already asked for the help of the AG in looking into this matter. You have done this right. Put everything nicely to the loan supervisor.
Sounds like you did the right thing. It also sound like this mi
Sounds like you did the right thing. It also sound like this might be a debt on which the SOL has run (unless you live somewhere like Ohio). They have a debt on your credit report which they haven't validated and have offered no proof. These companies generally cannot validate a purchased debt, because they don't have anything (as far as proof). I would tell that to the credit reporting agencies, as well as the owner of the debt. I would also think about suing both the debt owner and the CRA.
I would dispute it with the credit reporting agencies. If the c
I would dispute it with the credit reporting agencies. If the collector can't validate the debt to them they are required to take it off your report. It may take up to 60 days but I believe the item will show as "in dispute" during the investigation period.
HTH.