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i ask portfolio recovery for validation. they sent me a letter thats starts out with affidavit of ownership and sale of claim. then it goes on to say that they bought a debt from arrow financial for the sum of 200 dollars.on 12/15/2005. and that there is no unknown payments made by me. is this validation. i ask for copies of the contract of the original debtor account balance any monies paid etc.oh yes and they had it noteried. but i feel this isnt the information i have ask for am i correct or is this considered validation.and they have arrow financial as the original creditor isnt that just another collection agency? any help is appreciated.




Doesn't sound like it to me! If u read my post pretty much asking the same questions under Medical Data Systems, might give u some answers!
Good Luck,
Ang

Sub: #1 posted on Wed, 06/13/2007 - 21:09

Ang Ang

(Posts: 2316 | Credits: )

A proper validation should include the following information in the letter sent by the CA.

Law Student has posted useful information on debt validation. Go to this link below.

http://www.debtconsolidationcare.com/collection-agencies/ debt-validation.html

Remember, collectors who don't follow the laws will not give you complete details of your debt. Make sure that you don't end up sending money without reviewing your account thoroughly

Sub: #2 posted on Wed, 06/13/2007 - 21:22

mute805 mute805

(Posts: 197 | Credits: )

Normally when they fail to collect, they sell the account to another collection agency. This happened to one of my accounts with first premier visa, when it was sold to bay area credit. This is their contact info:
Arrow financial service
5996 w. Touhy ave
Niles, il 60714

Sub: #3 posted on Wed, 06/13/2007 - 21:25

IPDL IDIOT IN NY IPDL IDIOT IN NY

(Posts: 78 | Credits: )

How many types og GMP?

Sub: #4 posted on Sat, 09/06/2008 - 09:37

Unregistered


Yes they probaly only paid $200 for it but charged you alot more. It is a shame the original creditor can not make this offer to us. Some of us would gladly have paid pennies to clear our debt. In any case you should check that web site. It doesn't sound like debt validation to me.

Sub: #5 posted on Sun, 09/07/2008 - 16:00

fireyone_02 fireyone_02

(Posts: 73 | Credits: )

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