Debt Validation Question

Debit or debt?

You may need to offer the following information in your next post.

- Name of the residing state
- Name of the lender
- Type of the lender: internet, storefront
- Amount borrowed
- Amount repaid

By the way, debt validation doesn't apply to original creditor.

SC - Look at my name.....Sue in OHIO...... :)

I sent a validation letter to an attorney that is collecting for from an illegal PDL. That is why I asked the question. Everyone here states that when you send a validation letter you generally don't hear back from them. So why is that, is it because they are not licensed in this state, and if that is the case wouldn't they then validate the date for the principal amount only?

Oh sorry I wrote "date" instead of "debt" in my last sentence. Sorry SC......and in my first post I wrote "debit" instead of "debt" I mean DEBT validation letter.

They can't validate the debt because they are illegal lenders.

Usually, the reason why illegal lender's who assign 1's or collection agencies can't validate the debt is because they don't hold the documentation required. They are also betting on a debtor not to request validation (because most don't). They wouldn't have the nerve to walk into a court of law without documentation and no real law to support their case. On the other hand, they hope that you as the debtor do not understand and know your rights.

So if I never receive the document from them, do I still owe the remaining principal balance? It was very small in the case of this lender, most of the interest paid already went toward the balance.

If they contact me by email regarding the pdl should I be sending the PDL a debt validation letter, or only if they send it to a collections agency? Also, most of the emails they are sending me indicate a collections department from the PDL company, should I be sending them debt validation letters?
Thanks!

I just had an encounter with First Source Advantage LLC and I post dated a check to them. I did in hopes that my boyfriend and I could get his credit straighten out with Capitol One. I had a bad feeling about the company and went on line to research them .. It wasn't good. I have placed a call to put a stop payment of the check but Bank of American told me it would not be effective until Jan 20, 2010. My questions is how do we get to the bottom line , who do you pay to be sure it gets credit the correct way.

sorry typed credit meant credited the correct way to fix credit . What company do you pay. Capitol One has written it off

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