validation notice per FDCPA rules?
Date: Wed, 10/06/2010 - 09:27
Based on the FDCPA rules isn't a CA required to send a 'validation notice' w/i 5 days of first contact or even prior to contacting the cardholder? We are getting calls from Nelson Watson CA but have NOT received anything in the mail stating they are the collection agency handling our account. I've asked them for it twice now and they say it was sent the day they first called ( 3 weeks ago), I still have nothing from them.
Yes, they are required to send a Dunning letter within 5 busines
Yes, they are required to send a Dunning letter within 5 business days after first contact. Did you verify your mailing address with them?
Yes i sure did confirm the address is the correct address.
Yes i sure did confirm the address is the correct address.
The next time they call, I would again inform them that you did
The next time they call, I would again inform them that you did not receive a letter of collection and demand that they send you one.
Great, i just talked with them again and have confirmed they hav
Great, i just talked with them again and have confirmed they have sent a second letter on the 4th so we'll wait to see if we get it.
interest
@ OhioGal, thanks for the information.
Another question on this: I am disputing the full amount of the debt so I'm sending a DV letter (but was waiting on their dunning letter first). The CA has informed me today that they are charging 26% interest on the account so the longer i take the more i'll pay. Can the CA charge interest after i send a debt verification letter to dispute the full amount of the debt? It seems they could not justly do that as I need proof of the charges and extra fees on the account are not inflated as I think they are. The CA said today that $1500 more dollars in interest and fees just posted to the account, keep in mind the amount from Cap One was $4900 at chargeoff last month.
Since Cap One still probably owns the account, interest does con
Since Cap One still probably owns the account, interest does continue.
Cap One does all the interest calculations...call them.
