Foolish Move?
Date: Thu, 06/22/2006 - 17:11
When called by a collection agency recently, I gave them a credit card number as a "good faith" gesture to show that I intended to pay an old, outstanding debt.
I do wish to pay it, but I'm afraid I should have requested a validation letter to make sure my behind has been covered.
Anyway, is it too late to request proper validation after I have already started paying? I tried searching, but couldn't find the validation letter template that people are using.
Also, I really don't like talking to people on the phone, is it possible to request all communication in writing?
Thanks in advance, this forum looks like a great place for advice.
Martin
You need to know if the collection agency you are paying is auth
You need to know if the collection agency you are paying is authorized for this collection. Do you have anything in writing that proves their legitimate collections? You can request for the complete details they obtained from the creditors. If there is anything to dispute with the company, send a verification letter.
As your payments are done using your credit card, keep a check over the account. You need to review your statement regularly to prevent any abuse. Yes, while dealing with the collection agency, you can prefer to do communication only by mail. Send a cease and desist letter and attach a note with it. The company must not contact unless you have mentioned to be contacted only through mail. Here is the template of the cease and desist letter
http://www.debtconsolidationcare.com/template-cdletter.html
Template of the validation letter is in the link below:
http://www.debtconsolidationcare.com/letters/sample6.html
Insist on having all agreements in writing. Since you no lo
Insist on having all agreements in writing.
Since you no longer want to speak to them via telephone you could send a c&d letter stating you wish to communiate through mail only.
I would suggest you call them one last time and explain to them upon learning your rights you wish to excersise your right to have this debt validated, only then will you consent to a payment agreement and ask them to send it in writing.
If they refuse don't pay them. I know that sounds bad, but I was in the same boat once. I was afraid of not paying and forked over my info, they took my money and never sent payment to the original creditor. I had nothing in writing and money was never accounted for, even to this day.
Who is the ca by the way?
Oh, and you say "old debt", how long has it been? It may be pas
Oh, and you say "old debt", how long has it been? It may be past the SOL depending on the state you live in.
If it's a old (not past SOL), can he still request validation?
If it's a old (not past SOL), can he still request validation?
Of course, debt has to be validated by the CA irrespective of th
Of course, debt has to be validated by the CA irrespective of the fact that it is within the SOL period or not. You must know for sure whom you are sending the payments to and if the company is authorized for collections. Without having the debt validated, you can legally refuse to pay anything. Cover your back by sending a debt validation request through certified mail with return receipt request. This will ensure that the company needs to respond you with all the details after receiving your letter.
