a collection
Date: Thu, 02/12/2009 - 09:00
Send them a debt validation letter by certified mail within 30 d
Send them a debt validation letter by certified mail within 30 days from the date your received the collection letter. Now they need to validate it within 30 days of receipt of your letter, else you are no longer liable to pay it off. Since as a proper validation of the debt, they must provide you with a detailed statement about the outstanding debt, you can be sure under what heads they have charged you with $555.50.
The bank is the original creditor and is not under the FDCPA and
The bank is the original creditor and is not under the FDCPA and does not have to respond to a debt validation letter. What they will do is report you to Chex Systems which will make opening a new account anywhere very difficult. Go to the bank and speak with the branch manager about rectifying this situation. If it goes to a third party collector it will be to late. That is when you send the DV letter.
