Account on collection but not on credit report
Date: Wed, 03/03/2010 - 03:16
Hi Jack, welcome to the forum. Firstly, I would like to know how
Hi Jack, welcome to the forum. Firstly, I would like to know how old is your debt ?
As you are skeptical about the CA, you can send them a letter of validation via certified mail with return receipt requested and once you get the validation report you can check, whether they are entitled to collect or not.
In return, the collection agency should furnish you with certain details such as a written proof which shows that your debt has been sold off or assigned to them.
Along with that, a statement of your account payment history which will help you to ascertain the total debt amount.
Remember, as per Federal Debt Collection Practices Act if the collection agency doesn' t validate your debt, they are not entitled to collect payments.
Have you received a letter of collection in the mail from this c
Have you received a letter of collection in the mail from this collection agency? Once you receive this letter you will only have 30 days to dispute it and request validation.
No Shaz, they have only contacted on phone so far. May be the co
No Shaz, they have only contacted on phone so far. May be the collection letter is in line. However, my concern is that the account doesn't appear on my report. I am wary of sending a validation letter, as I fear that they might go ahead and update it on my report.
Chris, I have no recollection of this debt nor was I ever contacted by the original creditor over this account. My best guess is that the debt might have originated in around 2005, when I was graduating (those were crazy days, you see! ;) ).
What are my best options?
Quote:Originally Posted by AnonymousNo Shaz, they have only cont
Quote:
Originally Posted by Anonymous No Shaz, they have only contacted on phone so far. May be the collection letter is in line. However, my concern is that the account doesn't appear on my report. I am wary of sending a validation letter, as I fear that they might go ahead and update it on my report. Chris, I have no recollection of this debt nor was I ever contacted by the original creditor over this account. My best guess is that the debt might have originated in around 2005, when I was graduating (those were crazy days, you see! ;) ). What are my best options? |
Next time they call tell them they have 5 days from their first initial contact with you to send you a dunning letter (letter of collection) in the mail, that's a federal law (FDCPA), and until you receive this letter you aren't going to speak with them anymore so their phone calls are all for nothing.