portfolio recovery associates bought a debt from Providian and tried to collect. I sent them a DV, and they replied by asking me to fill out an "affidavit of identity theft". (Huh?) Thinking it was a mistake, I ignored it. A year passed. They then sent me a letter saying that since I hadn't sent in the form, they were going to resume collecting. I sent another DV. They then gave the file to their attorney, who contacted me in the usual manner. I sent him a DV.
He responded by sending me a letter, on his own letterhead, with no other documents or anything. It said this:
"This debt originated as a Providian Bank Visa [account number]. The account was opened on [date]. the credit card was charged off on [date] at a balance of [x dollars]. The last payment received from you was on [date]. Providian sold this debt on [date]. Portfolio Recovery Associates, LLC, on whose behalf we are authorized to collect this debt, is now the owner of this debt.
The validation required by law is contained in this letter. The other data you requested is not required to be furnished by us in a validation response."
No one has ever given me any actual documentation pertaining to this debt.
Anyone have any suggestions? This "response" seems awfully thin to me... basically all he did in response to my DV was to say, "It's valid because I say it's valid," which doesn't fly with me. I'm thinking about disputing, since the dispute process requires the verification that I'm looking for.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.