Received letter from Stellar/crown assett management 4/10/09 too late?
Date: Wed, 06/03/2009 - 12:29
What are next steps I should take or do I just need to pucker up and set up payment plan to pay off to avoid judgment?
I live in Texas....OC says Household credit but I think it might have been Orchard Bank? 675 is approx debt but will settle for about 275.
You should send the DV letter within 30 days of receipt of the l
You should send the DV letter within 30 days of receipt of the letter from CA. Once you get the debt validated, you can go for a payment plan to avoid judgment. However, before you start paying off the debt, you should check whether the SOL has expired or not. If it has expired, there is no need to repay the debt and the creditor cannot sue you for judgment.
Fortunately you're in Texas so you can DV at any time. They mus
Fortunately you're in Texas so you can DV at any time. They must respond w/in 30 days. See Chapter 392 of the TX Finance Code:
http://tlo2.tlc.state.tx.us/statutes/docs/FI/content/htm/fi.005.00.000392.00.htm
Crown does have the required Bond posted:
Crown Asset Management LLC # 1
Address: 3355 Breckinridge Blvd Suite 132
Duluth, GA 30096
File Number: 20080186
Status: Active
Date Filed: 8/15/2008
Cancellation Date:
Phone: (770) 817-6700
Bonding Company: Travelers Casualty and Surety Company of America
Bond No: 7752241159TX
Get a credit report and send a Dispute through the Credit Report
Get a credit report and send a Dispute through the Credit Reporting Agencies on whose report the offending mark is.
I doubt they will go to court over such a small amount, but it is possible.
Orchard Bank & Household are both part of HSBC.
Although I must say $275 sounds like a good settlement - if that is in writing, I would just pay it and move on.
Okay so I can still request Debt validation even though 30 days
Okay so I can still request Debt validation even though 30 days has passed........then I'll either pay and if it isn't mine I'll point them to the ex....
Thanks guys.