Collection Payments
Date: Thu, 01/07/2010 - 11:03
Quote:Originally Posted by Kat KIf they do contact you, say with
Quote:
Originally Posted by Kat K If they do contact you, say with a debt that is reflected on your credit report, can they still continue to charge you interest and legal fees til the debt is paid? and how do I know if the $$ I pay is even going to that debt if they send no proof of payment or validation of the debt other than what is showing on my credit report?? |
If the collection agency isn't validating the debt then they are violating the FDCPA. You must not send any payment to the collector without proper validation and written document. If they do not agree to validate the debt, file complaints against them with the FTC, BBB and the Attorney General's office.
Next, read your loan contract. It must have mentioned whether or not the collection agency can add fees and interest to the original loan amount.
They do not have to send proof of payment....it is your responsi
They do not have to send proof of payment....it is your responsiblity to keep your receipts or cancelled checks.
If you want to settle the debt, a professional debt negotiator c
If you want to settle the debt, a professional debt negotiator can help you pay only a small percentage of the actual balance and have it paid in full. I used CreditCardDebtNegotiator com.
[QUOTE=Anonymous;515477]If you want to settle the debt, a profes
[QUOTE=Anonymous;515477]If you want to settle the debt, a professional debt negotiator can help you pay only a small percentage of the actual balance and have it paid in full. [URL="http://www."][/URL][/QUOTE]
im a little concerned about this comment, if this is a debt settlement company that helps you settle debt, i was under the impression that they cannot garuntee you how it will be reported to the credit report. most companies will not comply with that. even if you do it yourself you can try but most will not mark it as paid in full.
Quote:Originally Posted by love_my_thingsim a little concerned a
Quote:
Originally Posted by love_my_things im a little concerned about this comment, if this is a debt settlement company that helps you settle debt, i was under the impression that they cannot garuntee you how it will be reported to the credit report. most companies will not comply with that. even if you do it yourself you can try but most will not mark it as paid in full. |
YOU SHOULD BE CONCERNED ABOUT THAT COMMENT! It's the people from the CCDN scam. RUN!
ccdnscam. com/2010/01/ccdn-employees-run-debt-settlement-company/