Is It Too Late For Debt Validation & Payment Plans?
Date: Fri, 02/06/2009 - 11:23
I have 2 cards to pay MRS. In September I verbally agreed to set up payments until I could pay in full in May. But Hurricane Ike hit (I’m in Texas) & I stopped making payments. So, now… I am trying to figure out what to do until May when school is out & I can work overtime again.
Is it too late to send one of those “Debt Validation Letters†since I already made verbal agreements to pay on the remaining 2 cards?
Last summer, I settled with MRS on another card by paying ¾ of the balance. I never got a letter stating my account was clear with them though. Now, I don’t want them to have my bank account info so I want to mail payments.
How do I get them to give me their address?
If they don’t give me the address how can I give documented payments.
Any advice or directions to resources for my situation would be greatly appreciated.
Thanks In Advance.
Is it too late to send one of those “Debt Validation Letters†since I already made verbal agreements to pay on the remaining 2 cards?
Last summer, I settled with MRS on another card by paying ¾ of the balance. I never got a letter stating my account was clear with them though. Now, I don’t want them to have my bank account info so I want to mail payments.
How do I get them to give me their address?
If they don’t give me the address how can I give documented payments.
Any advice or directions to resources for my situation would be greatly appreciated.
Thanks In Advance.
As a TX resident you can request Debt Validation at any time per
As a TX resident you can request Debt Validation at any time per Chapter 392 of the Texas Finance Code. They must respond within 30 days. See the link in my signature. You can also check to make sure MRS has posted the required bond for the TX SOS.
