debt validation
Date: Fri, 03/11/2011 - 15:20
I sent debt validation letter. Got print out of statements, orginigal agreement and a page that (collection screen) which is a screen print that indicates the CA was assigned to collect the debt on behalf of my original creditor. My question is how do you validate that the CA has the power to negotiate the debt settlement, what is the process to determine this after you have recieved debt validation letter?
You dont. Almost all collection agencies have the power to nego
You dont. Almost all collection agencies have the power to negotiate settlements on behalf of their clients. You demaqnd a settlement agreement letter prior to paying. You will not get a copy of any agreement to settle between the creditor and the agency.
Soaplady is right. If the debt has been assigned or sold to the
Soaplady is right. If the debt has been assigned or sold to the collection agency, then they can negotiate settlement with you. You can make a settlement offer to the collection agency. If the collection agency agrees to it, then you can sign a written agreement with them.
