Do I send a validation letter to Regent Asset Management Solutions?

Most of these CAs threaten to sue you so that you pay off the debt out of fear of getting sued. As per the FDCPA, the creditor need to send you a dunning letter within 5 days of initial communication if the initial communication is over phone. However, you can send them a DV letter by certified mail to check whether you owe them the debt or not. If they cannot validate it, they cannot take legal action against you.

The poster has already received the dunning letter and now they need to send the DV asap.

Sure they can take legal action without validating...agencies do all the time. It is up to the consumer to object then in court to the non validation and to take whatever action is necessary.

This is not a valid or legal business, it's a phishing scam. Run a credit report and make sure that everything is in order, if it is, you can contact them to let them know to stop harassing you or ignore them entirely.

you dont know what you are talking about us bank already sent the validation letter to the the debtor now this is the last time they are trying to collect these us bank accounts are 3 or 4 years old they have got all the notice they are going to get ... pay your bills and you wont have to worry

Here is what I did. I called a Fair Debt Attorney. All it takes is one violation of the fair debt act. I am not saying that I owe or don't owe this debt, but I don't like being threatened, I don't like being harassed, and when you try to strong arm me into paying money that you have not proven that I owe, well, I become very intimidated. You all have rights against the harassment and the threats, look them up, and you will sleep better at night I promise.

***** PLEASE READ Re: Regent/Carruthers *****

I'll preface this post by telling you I am a debt collector, but also a consumer and what these people are doing egregiously violates numerous consumer laws.

Like most of you, in addition to phone calls from Regent, I too, received a letter from D. Scott Carruthers referencing an old checking account (which I settled years ago). The letter states I owe some 1300 dollars, 900 of which is interest. Even if I did owe the debt, this is illegal as the statutory rate for interest on an overdrafted checking account is 6% or less depending on which state you live in. [violation #1-FDCPA 807(2)(A)]
- "The false representation of the character, amount, or legal status of any debt."

The initial notice is from an attorney on his letterhead, but is not signed by the attorney, which is required by law.[violation #2-FDCPA 807(3)]
- "The false representation or implication that any individual is an attorney or that any communication is from an attorney."

"Unless the attorney has in fact reviewed the debtor's file and made a professional judgment that whatever action is threatened is appropriate, and the threatened action has been authorized by the creditor, the use of such letters is a violation of 1692e(3), which prohibits "[t]he false representation or implication that any individual is an attorney or that any communication is from an attorney."

In Clomon v. Jackson, the Second Circuit found that the use of an attorney's name in the letterhead of the debt collector's dunning letter, where the attorney did not review the file, violated the FDCPA.

The initial notice also does not contain the required statement that a consumer has 30 days to dispute any portion of the debt and/or request validation of said debt. [This is a blatant violation of FDCPA 809(a)]

Furthermore, the letter goes on to read "If you have not contacted Regent to discuss this settlement offer within 14 days, I will begin preparing your case for a lawsuit to be filed in XXXX county..." [violation #4-FDCPA 807(4)]
- "The threat to take any action that cannot legally be taken or that is not intended to be taken."

My research indicates this attorney is licensed only in CA and not in my state and therefore cannot directly take ANY legal action. Not to mention the alleged debt is beyond the statute of limitations in my state.

The irony here is that I work for a reputable law firm which lawfully collects on debts and we always conduct ourselves in a professional manner and we strictly adhere to all applicable laws provided to protect the consumer under the FDCPA.

I've been a debt collector for over 10 years and never had any complaints filed against me. These people give my industry a tarnished reputation and should be held accountable for their actions. Frankly I'm ashamed to even acknowledge that they work in the same profession.

So please, if you do owe a debt and a collector attempts to LAWFULLY collect on said debt, I encourage you to work with them. However, low-lifes like these need to be taught a lesson.

Hope this helps.

GO TO [email]NEWS@KAKE.COM[/email]. They are being uncovered in Kansas.

Quote:

What happens if you did admit the debt?

I called to pay a debt. The guy was trying to charge me $10 for 5 days (since the letter was written) for fees.??? I said I had a letter in Nov (I just couldnt pay till now, so i called), it was only $6 less, and that was FIVE months ago. So, I knew he was scamin' me. I tried to explain he kept interrupting, I just calmly kept talking, he threatened me and began harrassing me so, I said, 'well, I called to pay, and you blew it, bye". So that was that. I still wish to pay my bill, but this site and comments, legal advise etc. I have used in the letter so I sound like a real pro. LOL ha ha ha.... thanks for all the info.. ONE QUESTION: IS??? Regent legit? SHOULD I pay them???

Can the debt be REDUCED once its gone from collection/agency to the lawyer?

The "associates" and "managers" just hang up on you when you question anything about the validation of the call... SCAM

Legitimate businesses do not operate like ths, be smart, check with the BBB, do searches on their tlephone #, in the state of Ohio as in many other states make use of your Stat e Attorney General's Office and file complaints. If you owe money then do the right thing, but if you are being harrased and are not the individual they are looking for take action. I for one am sick and tired of the bull crap - both from you wha know they have the bad debt to the companies attemting to sacre the crap out of innocent people.

I paid these people $550 after they called me for two years about a US bank debt. US Bank said I should not have paid. Any ideas on how I can get this debt back?