Question on debt validation
Date: Sat, 08/25/2007 - 10:10
What is a collection agency actually required to provide if you send a debt validation letter to them. I had a letter sent to me stating: "our records indicate that you owe a balance of $$$ to ???. ??? has been retainged by ??? to recover the balance."
They tried to tell me this was proper validation. So my question is, what are they actually required to provide for proper validation?
Thanks
They tried to tell me this was proper validation. So my question is, what are they actually required to provide for proper validation?
Thanks
A debt collector is supposed to provide you in writing, the foll
A debt collector is supposed to provide you in writing, the following:
1.) The full amount of money they claim you owe to them
2.) Identify the original creditor.
3) How they have acquired this account. Whether it is assigned or purchased?
4.) The detailed calculation of the money they claim you owe.
5.) Copies of any documents that prove that you have agreed to pay what they claim you owe.
6.) A detailed copy of your payment history.
7.) Provide a verification or copy of any judgment if applicable.
8.) Proof that shows the Statute of Limitations has not expired on this account.
9.) License numbers and Registered Agent.
